This week sees a major shift from public to private investment, with UBS and Cathy Wood’s ARK weighing in. But what is the secret to unlocking private wealth growth? Content from @ArkInvest @UBS @join_EF @fpert041 and @geneteare from @crunchbasenews
34 new unicorns in May and three new decacorns. It’s the best time in 5 years to be a VC? But Tiger is down 52%, 15–20,000 tech workers have been laid off and Sheryl Sandberg is leaving Facebook. It’s a good news, bad news, week.
Another glut of writing seeks to understand what has changed in the economy, the public markets, and the startup world. As the old world dies the only important question is, what is being born? @nfx @sequoia @geneteare @crunchbasenews @signalrank
In Love in the Time of Cholera, the author tells a story of a world of plague, civil war, and mass murder, yet love still dominates the protagonist’s story. This week the continued collapse of the public market begs the question, are we still in love with investing in startups?
Terra’s LUNA token lost 99.99% of its value in a flash and UST, its stable coin, lost close to 80%. This is not supposed to happen. The FT disclosed Tiger Global may be down $17 billion as the tech stocks collapsed. Are crypto and unicorn investing dead?
Markets fell over 5% Thursday on the day Elon Musk announced he had raised $7 billion to help the purchase of Twitter. What are we to think? Bull market for tech, or bear market? Content from @danrose999 @elonmusk @mattturck @EricNewcomer @ttunguz @Samirkaji @sether
Netflix is a buy, along with HBO and Disney. This is a week we should mourn the death of broadcast and cable (or celebrate 🙂 ), not Netflix.
There is almost no prior period in human history where the desire to allow free speech would be considered right-wing. Elon Musk’s pursuit of Twitter is widely believed to be driven by his desire to support open discussion in a “public square” like platform. Yet his opponents are almost entirely self-identifying as “left-wing”.
This week Elon Musk joined Twitter’s Board and Roelof Botha was named head of Sequoia. The UK made a bid to become the crypto capital of the World and Substack announced improved Podcasting and Editing tools.
If you have yet to visit the Guild Theatre in Menlo Park, you are missing out. Great venue, unbelievable acoustics, extraordinary acts. Drew Dunlevie, former Yahoo!, is the Peninsula Arts Guild, organization president.