E78: VC fund metrics that matter, private market update, recession, student loans, Bill Hwang arrest

The podcast features a panel of hosts discussing a range of topics, including David Friedberg's stand-up comedy aspirations, the benefits of Prenuvo's MRI scans, and a critical analysis of Chamath Palihapitiya's annual letter regarding fund performance metrics like IRR, DPI, and TVPI. They delve into the potential manipulation of these metrics by late-stage funds using lines of credit. The conversation shifts to the challenges of private investing versus the S&P 500, the importance of DPI, and the difficulties of converting paper gains into real returns, especially given the current state of the NASDAQ. The hosts also discuss the possibility of a recession, negative GDP growth, supply chain issues, and consumer confidence. Finally, they debate the merits and potential pitfalls of student loan forgiveness, touching on the role of government intervention in creating inflationary bubbles and the need for accountability in higher education, and the recent arrest of Bill Hwang and the SEC's charges against him, as well as the newly announced Disinformation Governance Board and its implications for free speech.