2021

“When we start, if you look at the aggregates, like we are well below 20, 21 in terms of like raised money in venture capital and deployed in venture capital.”

“If there's a mistake that I've made, it's been being a bit too casual about product market fit, and this was more of a 2021 mistake, which is assuming something had product market fit, and perhaps it didn't, and perhaps the founder had a super credible theory,…”

“And again, I think 26 will be even bigger. So we'll surpass the dollars of 21.”

“By the end of 20, 21 again, I think the multiples really hadn't changed too much, but the company ended with an 8.1 billion dollar valuation. And we were coming up to, but hadn't yet crossed a hundred million a year in revenue.”

“You're close to, you know, eight hundred billion of market cap needed to return a Forex net for those multi-stage funds. Now, for reference, twenty-twenty-one, the best exit year of all time, there was 850 billion-ish of market cap exit value from that year. O…”

“The part of the ecosystem that seems unhealthy to me and is very reminiscent of 2021 is The timeline from graduation from seed to A to B, B to C.”

“If you're a founder stuck in that situation right now, no one who wrote a check in 20, 21 at four billion, if the company is underperforming, is going to stop a one X right now. They'll be like, they'll be grateful as could be.”

“I also think there's probably been a little bit of a fake signal in 21 because even your okay ones got highly valued. So you probably think it's easier. Late stage looked a lot easier in 21 than it probably will look across a decade.”

“There are about 500 of them and there were almost 80 of them in 2021. That were founded.”

“25% of all funds deployed their entire fund in twenty-twenty-one. 25%, one in four. The median time to deploy in twenty-twenty-one was 1.7 years, okay?”

“1998, 99, 2000 are nothing compared to the overvaluations of twenty-twenty-one.”

“We sold a lot of stuff in 20, 21. We didn't time the market perfectly, but we did sell a lot just because we thought pricing were crazy.”

“2021 was an incredible time to be a seller, and anyone who didn't see that was completely playing momentum.”

“All of the wind and solar power generated in twenty-twenty-one, if you were to bottle all of that energy up and store it in sort of the same way that we store fossil fuels, it would be only about five days worth of energy supply.”

“For founders, you have to understand that will never lead to a return of 2021. Never.”

“In 21, that said, like, You know, we had great, we had our best year ever in 20, 21, right?”

“So in 2021, we had hundred million dollars come into India on average every day.”

“In twenty-twenty-one, prices surged over 400%.”

“So, in 2021 alone, crypto investment is already at seventeen billion dollars, which is greater than the sum of 20 10, 20 11, all the way up to 20 20, all of the previous years.”