20VC: Why SaaS is Dead | Why AI First Companies Will Win | We are in the Middle of a Cold War for AI Talent | Why Europe is F******* and We Need to Stop Whining with Daniel Khachab, Co-Founder @ Choco

2391.281 - 2409.372 Daniel Khachab

And so I think, you know, when COVID hit, and when you lose 98% of your GMV, and it's the very first week of it, you know, no one knows what's happening. Like, are we all going to die? Is it going to be gone in two weeks? No one knows. It's very easy to play defense and say, okay, like, look, we're going to hibernate now. We're going to do mass layoffs. We're going to preserve runway.