Big Fed rate cuts, AI killing call centers, $50B govt boondoggle, VC's rough years, Trump/Kamala

3500.782 - 3524.181 David Sacks

There's no DPI possible. You nailed it and Sachs nailed it. And the thing to remember is both of those two things now work together to erode the return stream for the general partner, but really, most importantly, for the limited So I do think that we are in a situation where the average returns are going to decay by 50 to 100% because of what SAC said and because of what you said.