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Sometimes, the founder needs to have the courage to look in the mirror and say 'What I'm doing is not working. I had a plan. I missed the plan by 70%. I'm lighting capital on fire. This is a charity, not a business.' It's best to say it didn't work, shut it down, and move on, and do something
else.
Brad Gerstner
Instead of Cram Down Rounds, Chamath Thinks Startups Should Reset Valuations & Re-Up Option Pools
E118: AI FOMO frenzy, macro update, Fox vs Dominion, US vs China & more with Brad Gerstner
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