All-In with Chamath, Jason, Sacks & Friedberg
Big Fed rate cuts, AI killing call centers, $50B govt boondoggle, VC's rough years, Trump/Kamala
Chamath
I mean, in those bubble years, there was something like $200 billion a year of capital deployment when normally it's $60 to $100 billion. So if twice the amount of money is going into the industry and is being deployed, and rounds are now twice as big, and valuations are twice as big, that has a huge effect on returns. So for example, the average venture fund is like a 2x return.
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