Shervin Pishevar

That was ironically another benchmark company. I pass on that company because I remember the dot-com crash and all the office buildings being cleared up. And I was like, I don't get this business model. You don't own it. And you could be removed pretty quickly from your customers. So I didn't see strength in that business model.

But companies with bad business models were getting $18 billion in cash. That's crazy. That's not... classic venture capital.

But companies with bad business models were getting $18 billion in cash. That's crazy. That's not... classic venture capital.

But companies with bad business models were getting $18 billion in cash. That's crazy. That's not... classic venture capital.

Venture capital as it is today, especially with private equity coming downstream and what we've seen with the drunken era, venture capital is dead. The venture capital that we grew up with and that we looked up to, that model is gone. So why is that model gone? The rate at which companies can be accelerated has grown to the point that you can execute on a business plan.

Venture capital as it is today, especially with private equity coming downstream and what we've seen with the drunken era, venture capital is dead. The venture capital that we grew up with and that we looked up to, that model is gone. So why is that model gone? The rate at which companies can be accelerated has grown to the point that you can execute on a business plan.

Venture capital as it is today, especially with private equity coming downstream and what we've seen with the drunken era, venture capital is dead. The venture capital that we grew up with and that we looked up to, that model is gone. So why is that model gone? The rate at which companies can be accelerated has grown to the point that you can execute on a business plan.

In many cases, we're seeing more and more founders actually self-fund or be able to generate enough success to be able to build a company. You see more and more opting out of venture capital. The other trend, especially with crypto, is that you have these kind of DeFi and alternative financing mechanisms that are evolving to a point where I think you can actually tokenize venture capital.

In many cases, we're seeing more and more founders actually self-fund or be able to generate enough success to be able to build a company. You see more and more opting out of venture capital. The other trend, especially with crypto, is that you have these kind of DeFi and alternative financing mechanisms that are evolving to a point where I think you can actually tokenize venture capital.

In many cases, we're seeing more and more founders actually self-fund or be able to generate enough success to be able to build a company. You see more and more opting out of venture capital. The other trend, especially with crypto, is that you have these kind of DeFi and alternative financing mechanisms that are evolving to a point where I think you can actually tokenize venture capital.

I think you can democratize venture capital and allow non-accredited investors to begin investing in the future. And I think we have a moral obligation to open up venture, and by early I mean early stage angel investing in the Facebooks and the SpaceXs of the future. But to let mom and pops be able to invest, small checks be able to invest.

I think you can democratize venture capital and allow non-accredited investors to begin investing in the future. And I think we have a moral obligation to open up venture, and by early I mean early stage angel investing in the Facebooks and the SpaceXs of the future. But to let mom and pops be able to invest, small checks be able to invest.

I think you can democratize venture capital and allow non-accredited investors to begin investing in the future. And I think we have a moral obligation to open up venture, and by early I mean early stage angel investing in the Facebooks and the SpaceXs of the future. But to let mom and pops be able to invest, small checks be able to invest.

So I think in the Trump administration, we'll see changes in that direction of like opening it up. That model I think is gonna change.

So I think in the Trump administration, we'll see changes in that direction of like opening it up. That model I think is gonna change.

So I think in the Trump administration, we'll see changes in that direction of like opening it up. That model I think is gonna change.

Liquidity has been a major problem, and especially during the four years of Biden. And it just coincided with really bad policies and a dearth of M&A, lack of IPOs. I think that's going to change in the next four years. You do? I think I was an early... person to come out and support Trump. And I co-hosted David Sachs' fundraiser with Chamath back in June 6 and publicly endorsed Trump.

Liquidity has been a major problem, and especially during the four years of Biden. And it just coincided with really bad policies and a dearth of M&A, lack of IPOs. I think that's going to change in the next four years. You do? I think I was an early... person to come out and support Trump. And I co-hosted David Sachs' fundraiser with Chamath back in June 6 and publicly endorsed Trump.

Liquidity has been a major problem, and especially during the four years of Biden. And it just coincided with really bad policies and a dearth of M&A, lack of IPOs. I think that's going to change in the next four years. You do? I think I was an early... person to come out and support Trump. And I co-hosted David Sachs' fundraiser with Chamath back in June 6 and publicly endorsed Trump.

And most of my generation, my cohort, people like Elon or David Marcus or Sean from Sequoia, Emile Michael, like all of these guys and gals are in Palm Beach doing like 17 hour days. You know, it's like the best and the brightest have converged. And also it's very similar, like Silicon Valley goes to Washington, you know?