Scary market conditions = Game on for venture-building & investing
In this week’s episode of Ventures, my guest Jonathan Hung (https://www.linkedin.com/in/jonathanhung/) and I discuss all-things venture building/investing, his work as a venture capitalist, and the story of his startup, Kitchen Data Systems (https://kitchdata.com/). We talk about advice for emerging fund managers, how founders and startup investors should be thinking about the current state of the market, the potential for Web3, interesting startup markets for investing, and general advice for entrepreneurs today.
A long recession?
While nobody really knows, it seems like this global market slump is going to be around for a long time. I’m no finance expert, but interest rates got super low and too much money was injected into the system, and now we - the global community - have to pay for it.
Thankfully, when market cycles like this happen (which may be the end of a super cycle), it is an opportunity for entrepreneurs to step up. The ‘08 crash birthed AirBnB, Uber, etc… and I’m literally and figuratively invested in the success of the next companies to come out of this current crash.
What’s clear is that technology advancements are going to drive the next wave to massive heights. There is too much going on in bio, AI, Web3, mobility, fintech, etc… to NOT produce a significant shift in market growth in the coming decade.
The question is, who is going to emerge on top of the next wave? Certainly incumbent tech companies are doing their best, but this is such a massive opportunity for great founders to build startups that will change the future for us all.
ILAD fundraisers in Seattle and Chicago this November
Finally, check out this LinkedIn post I put up this week regarding these two fundraisers for ILAD (International Literacy and Development). Let me know if you’ll be able to make one of them, it would be great to connect IRL.
Have a wonderful rest of your week,