20VC: WTF Is Going On In Venture Capital; Seed Round Pricing Will Remain High, Series B & C Has Gone Completely, Downrounds Are Coming | Why Defensibility is BS on Day 1, Why Market is More Important Than Founder & Why Being First To Market Doesn't Matter
This podcast episode provides a comprehensive overview of the current state of the venture capital market. AngelList shares insights into valuations, investor behavior, startup performance, and overall market sentiment. They emphasize the decline in companies raising capital and the impact of higher interest rates, geopolitical uncertainty, and the illiquidity of venture investments. However, AngelList highlights the rise of seed and pre-seed stage investing and their focus on building counter-cyclical products to maintain growth in challenging market conditions. The episode also discusses the role of AI in automating processes and improving efficiency, as well as AngelList's profitability strategies and plans to dominate the US market.
