Capital oversupply is depressing returns across all asset classes
Rick Heitzmann · 20VC: Firstmark's Rick Heitzmann on The Rise of Pre-Emptive Rounds, His Biggest Learnings From The Pinterest Board, 2 Things VCs Can Do To Prepare Their Companies For The Downturn and Why Now Is A Good Time to Be Contrarian and Invest In Consumer · Nov 11, 2019 · at 13:01
Rick Heitzmann, founder and partner at FirstMark Capital, discusses macro economic conditions and how low interest rates affect venture capital and broader asset returns.
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“So as you're looking at a decade of a bull market, if you're looking at historically low interest rates across the board, and therefore a flight from fixed income, everything else is basically overcapitalized, and it's really depressing returns across all asset classes.”
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