The enormous size of funds is leading to concerns about the impact on venture capital. General Catalyst's reported six billion dollar fund suggests a trend of raising substantial capital, which may be driven by the need to invest in capital-hungry companies. This torrent of capital into venture may be pushing down returns and leading to an increase in calls from individuals looking to sell their stakes in companies through secondary means rather than seeking fresh capital.
Kara and Scott discuss Ron DeSantis' departure from the 2024 race and the Biden/Trump rematch that everyone is dreading. Then, with the good news about the economy and the stock market, what's the best move for investors? Plus, Nelson Peltz continues his Disney proxy fight, and a new report sheds light on the anti-DEI movement. Our Friend of Pivot is Aileen Lee, the founder and managing partner of the VC fund, Cowboy Ventures. She also happens to be the person who coined the term "unicorn" for billion dollar start-ups and shares her latest analysis on those companies.
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