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Praying to the God of Valuation

Both Sides of the Table

And then in the late 90’s money crept in, swept in to town by public markets, instant wealth and an absurd sky-rocketing of valuations based on no reasonable metrics. Starting in 2009 I began writing checks consistently, year-in and year-out. We wanted new things to exist and to solve new problems and to see our creations come to life.

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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

Probably not and 10x (May 2022) seems more in line with the historical trend (actually 10x is still high). But it will be patiently deployed, waiting for a cohort of founders who aren’t artificially clinging to 2021 valuation metrics. In 2009 we could take a long time to review a deal. discipline & focus.