> So there's a lot of "dry powder" (I hear that phrase constantly to describe the situation) just sitting there, doing nothing. What are the VC funds preparing

> So there's a lot of "dry powder" (I hear that phrase constantly to describe the situation) just sitting there, doing nothing. What are the VC funds preparing for? The Fed is reducing its balance sheet to zero and the boomers are retiring. Some might argue it is a return to sanity/normalcy and you will have fewer money guys to plow enormous sums into juiceros and FTXs going forward.