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
And so it was very easy for companies to get liquid, they IPO'd, and then the valuations were stratospheric. So the distributions to LPs were massive in 2021. And then that led to, again, more funds, being able to raise bigger funds. Everyone was just kind of paying it forward and thought the party would just keep going. So-
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