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What I *Would Have* Said at TechCrunch Disrupt

Both Sides of the Table

At GRP we sat out 2007 and much of 2008 for that reason and we’re now looking pretty smart for doing so. This is evidenced by the current price creep that we’re experiencing for early-stage deals. The only solution as an investor is to sit the market out as Chris Sacca said he’s inclined to do.

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The Coming Zombie Startup Apocalypse

This is going to be BIG.

Sam Altman of YC recently pointed out that pulling back during the downturn in 2008 would result in several big misses: In October of 2008, Sequoia Capital—arguably the best-ever in the business—gave the famous “RIP Good Times” presentation (I was there). A few months later, we funded Airbnb.

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Instead of sticking a fork in the venture market, realize. there is no fork

This is going to be BIG.

The last closed market we had was from about September 2008 until June 2009--10 months. We're seeing, for the first time, investment and some disruption in huge areas like education, food, healthcare, government and even hardware based startups. In 2008, people weren't sure if we were heading into a complete financial collapse.

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Things Will Be Different

This is going to be BIG.

The Financial Crisis of 2008 sure seemed bad in the moment as well. As I write this, Congress is working hard to undo the mistakes of the 2008 bailout and the sense that corporations got off easy and the little guy was never made whole. Scrutiny is coming in a big way.

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On Bubbles … And Why We’ll Be Just Fine

Both Sides of the Table

I said, “It’s much easier now than it was in 2008/09.&# And time is the enemy of all deals so start sooner rather than later, as anybody who was planning to raise in October 2008 will tell you. That happened a lot in 2002 and again in 2008. Vultures will start circling looking for deals. That’s a fact.

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What Angel Investing & Florida Condos Have in Common

Both Sides of the Table

And so it happened that between 2000-2008 I was the biggest buzz kill at dinner parties. Remember it was only 2008 where Microsoft and even Google were laying off employees. While many of my friends bragged about their 5 condos in Florida I kept talking about how the real estate market was in a bubble – their gains an illusion.

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It’s Morning in Venture Capital

Both Sides of the Table

LP contributions to VC firms shrunk from 2000 and by 2005-2008 had stabilized to around $30 billion per year. The ability to interact, transact and disrupt is an order of magnitude greater at broadband speeds than at 56k dial-up modem speeds. THAT is disruption. Money flowing into our industry has also massively downsized.