SBF, SVB...who is next?

A hard reset: a few tough years

"Right now it is a complicated place in start-up land. Holy Macro! A bunch of valuations are still totally wrong. We need to start to do the clean-up work now which takes years. It took us 5 years to fix this last time. It is a hard reset". (Chamath Palihapitiya)

An early Q1 read