Gerard points out that the coming IPOs of Spacex (which now has XAI grafted onto it like a malignant tumor), OpenAI, and Anthropic will impact VC.
This is going to be terrible. My prediction is that the Spacex IPO will be lackluster, and that the S1s from OpenAI/Anthropic may just doom the companies.
I feel like we're in that scene from Total Recall where Schwarzenegger is disguised as the old lady: "get ready for a surprise!" https://youtu.be/THMhJd3XMhQ?si=lXyRtY2l8EIOnf7i



