By EOY 2020:
— Chamath Palihapitiya (@chamath) December 6, 2018
1. Stock market vol stays high, real returns anemic
2. Credit markets roll over with increasing defaults
3. Risk premiums go up
4. Investors capitulate
5. Capital tightens with more “sitting on sidelines”
6. Venture downrounds, recaps spike
7. Valuations reset
from Twitter https://twitter.com/chamath
December 06, 2018 at 07:55AM
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