Dan and FirstMark Capital’s Rick Heitzmann discuss how the rising cost of capital will impact companies in 2023 (2:00), Rick’s biggest lessons and mistakes from 2022 (6:00), why many private companies still aren’t taking appropriate markdowns (7:00), SpaceX’s new, sky-high valuation (18:00), which sectors will be recession-proof in 2023 (22:00), OpenAI and Microsoft reportedly joining forces and the disruptive threat to Google search (23:30), the odds of TikTok facing a regulatory crackdown in the U.S. (27:00), and if a major tech company should look at acquiring Lyft (33:30).  

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Check out the stories and tweets discussed in the episode: 

Unlimited Funds CIO Bob Elliott’s Twitter thread on losses in venture funds

Atreides Management CIO Gavin Baker’s Twitter thread on rapid shifts in time spent on competing social media platforms

The Information: Microsoft and OpenAI Working on ChatGPT-Powered Bing in Challenge to Google

WSJ: Google and Meta’s Advertising Dominance Fades as TikTok, Streamers Emerge

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View our show notes and transcript here

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