Weekend Reading
Writing worth reading - 12th/13th August 2023
VC Optimism Returning But More Pain Ahead In Their Portfolios by Hunter Walk
“The number of startups who raised money beyond the ‘Unicorn’ benchmark grew so dramatically before the 2022 reset that there is just simply farther to fall when many of these fail to grow into their targets, or disappear completely. The capital piled into them also transformed them, asking them to grow faster, spend more, and so on...”
“Winners Take None:” Coworking, Self Storage, Scooters Have Burned Billions of Investor Dollars and Maybe Were Never ‘Tech Companies’ by Hunter Walk
“Sometimes a winner take none market can emerge when a technology breakthrough just didn’t pan out, or there’s a dramatic change in customer needs/expectations. But other times, and through the most recent cycle, it seems like some of the most dramatic ones were just blitzscaling aimed the wrong target....”
Richard Hanania, Rising Right-Wing Star, Wrote For White Supremacist Sites Under Pseudonym by Christopher Mathias
“Richard Hanania’s story may hint at a concerning shift in mainstream American conservatism. A little over a decade ago, he felt compelled to hide his racist views behind a pseudonym. In 2023, Hanania is a right-wing star, championed by some of the country’s wealthiest men, even as he’s sounding more and more like his former white supremacist nom de plume: Richard Hoste….”
Upcoming meals with 9others
Thursday 14th September — Manchester — details and signup here.
Please book in & share with good people you know in the above cities.