Highlighted by Josh Kopelman
From The Watney Rule for Startups — and the Return to the ‘Old Normal’ by First Round
…tle effect on the valuations of private marketplace lenders. This was a new — and scary phenomenon. It was as if promising baseball players in the minor leagues were suddenly able to earn a higher salary than veteran all-star players in the major leagues. Perhaps this was partially driven by the limited supply of promising high growth companies — which…