[athinggoingon]

>> They’ll run out of money in 2-3 years if it’s not working.

No. They won't run out of money in 2-3 years, they IPO. Or at least, they did in a zero-interest rate environment.

"VCs pay the angels. PE pays the VCs. IBs pay the PEs. All for the hope of an IPO so the market will pay the IBs."

"The entire market ecology has a tough time adapting to the end of cheap (even free) money, with cash flow, rather than "valuation" being the central focus. Those who entered finance after 2008 are, basically, unskilled labor. Lehman in 2008 was a picnic compared to 2000 if you were doing tech related ventures."