.@chamath: "You need 36 months of cash. For every month it goes down, it takes 2-3 months to go back up. If it takes 9 months to sort itself out -- then it will take 27 months to get out."
stitcher.com/podcast/recode…
stitcher.com/podcast/recode…
.@chamath: "Things change fast in moments like this. There is no hero premium. There is only schmuck insurance."
.@chamath: "I hope this is one of the great buying opportunities. But it's only the 4th week."
.@chamath: "There are a lot of people with dry powder. We're still honoring pre-crisis deals. But putting incremental [new] capital to work seems irresponsible."
.@chamath: "If you don't have 36 months of runway, now you are a price-taker. You are no longer a price-maker. Every single CEO is a price-taker now."
.@chamath: "We are in a state of de-facto socialism. The Fed is backstopping everything. Don't for a second think, when we are in tens of trillions of debt, companies won't be taxed much, more more."
.@chamath: "20x revenues will no longer make sense for SaaS. It has to happen. Apple's cash will be repatriated. This will happen in every country."
.@chamath: "Profits were maximized when the world could maximize around efficiency. The world now will swing toward resiliency. And that is expensive. It is not cheaper, faster, better. And valuations will fall. As well as in start-ups."
.@chamath: "Business continuity software will have real value. Healthcare and e-learning will have a huge call. But incremental software is not necessary. And does not support resiliency."
.@chamath: "We created an archetype of an overzealous tech leader that got lucky. A lot of people chose the path to try to get lucky. In a moment like this, that was really stupid. Work where you want to live. Live how you want to live."
