Friedberg: Tech disruption cycle will persist for the next decade or two
David Friedberg · E52: Trump's SPAC, peak venture liquidity, tech as an economic ladder, Dems overplaying their hand · Oct 23, 2021 · at 45:59
David Friedberg, investor and co-host of All-In, argues that high venture returns reflect an early stage of multi-decade technological disruption of traditional public market cap.
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“I don't think that this is like necessarily The, you know, the peak, it may kind of be the beginning of a continuing disruption cycle that we're going to see kind of persist for the next decade or two, especially as more of the old school industrial businesses, which make up a bulk of that market cap, start to get disrupted, not just by software, but also by automation, by ESG angle investing, by life sciences and all these other kind of technologies that, and these interests, these market interests that are going to disrupt those old industries.”
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