Yes, I've been preaching the same thing. The era of free money is over (for now). There is going to be a sea change in how investors - and more importantly foun

Yes, I've been preaching the same thing. The era of free money is over (for now). There is going to be a sea change in how investors - and more importantly founders - need to think about business. Founders will need to tighten their belts (age of austerity) and think hard about profitability. Timelines may need to be stretched out to get there. This is ultimately good for founders as it creates a laser focus on building real MVPs that can scale. Finally, one of my favorite exhibits of the excesses of near-ZIRP are right here: https://web.archive.org/web/20221027180943/https://www.sequoiacap.com/article/sam-bankman-fried-spotlight/ https://web.archive.org/web/20221027180943/https://www.sequo... << glorifying SBF article on the Sequoia Cap site. This is the very definition of irrational exuberance.