The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch cover image

20VC: Altimeter's Brad Gerstner on Why Supercycles and the Powerlaw is the Most Important Thing In Investing, Why Portfolio Diversification is the Opposite of Risk Mitigation and The #1 Question Brad Asks All New Recruits

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

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Is Your Cost of Capital Going Up?

There was a tremendous amount of value creation between 2000 and 2005, right? Because we had this massive secular tailwind in the internet. The rate was fairly stable during this period of time and was moving the market believe directionally lower. When you go through something that is a major standard deviation event, which is going from basically 50 basis points to 400 basis points on the tenure, it leads to a state of paralysis.

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