The Most Important Concept of 2022’s Startup Downturn is Not Just Surviving, But Staying “Default Investable”

VC David Sacks Was Right When He Said “Default Alive” Is a Trap

In New York City, altitude is attitude and the view from $100b+ fund’s office tower was certainly the equivalent of walking tall, shoulders back. I was visiting during a summer trip and catching up with a fellow investor, a few months into this market downturn. Especially having them involved with a handful of our portfolio companies I wanted…