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
But if the entry prices were artificially double, then there goes your return right there. You get 2x times 1x. This is such a key point. Look, I think we're just in the hangover of this massive liquidity bubble that didn't originate in the venture capital industry. It came from, frankly, the federal government. But we're just downstream of that.
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