Large Institutions

“And so I think even the large institutions are closer to the edge financially. Then a lot of people think especially of course, if there's any withdrawal of federal funding.”

“There's a lot of very straightforward structural reasons why startups are not going to be accessible to large institutions ever, and they're also structurally very, very inefficient, and probably always will be. So I think there's a tremendous amount of potent…”

“A lot of the money's in the hands of very, very large institutions that can no longer put money into a 20 or 30 or forty million dollar venture fund. They just don't have, they just can't divide it up in that small a parcel.”