kidmercury

everyone should be worried. i think VCs are in a somewhat unique spot and may have the most to lose, as illiquid, dollar-denominated, negative cash flow investments (as many US-based startups are) are in trouble and in my opinion should have "economic insurance" policies in place. but as the vast majority of economists who saw this crisis coming agree, it is only just beginning. only the truth can set us free, but that will become more apparent over the next couple years, in case it is not already.

of course, like tyler durden told us, it is only after you've lost everything that you're free to do anything. so rejoice, venture capitalists, because this crisis will set you free to do anything -- including rebuilding capital markets, solving monetary policy problems, restoring capitalism, and disrupting the whole global finance industry.

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