Casado: Tech downturn will drive tourist VCs out of the industry
Martin Casado · a16z GP Martin Casado: How I Went from Engineer to VC; Lessons from Chris Dixon | 20VC #956 · 20VC with Harry Stebbings · Dec 6, 2022 · at 49:05
Martin Casado is a General Partner at a16z. He responds to host Harry Stebbings' frustration regarding superficial venture capitalists who entered the market during the previous bull run.
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“We're at the tail end of a decade long bubble. So of course, you know, you've just got, you know, a bunch of people that just want to get the spoils. And of course you run into them the most because they're the most flamboyant. But I think with this downturn, we'll see a lot of the tourists go away. And I think what will be left, I think that kind of cohort are very, very serious, very smart people that have realized something that just Didn't exist. 15 years ago.”
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