That Was The Week

34 new unicorns in May, 3 new decacorns. The best time in 5 years to be a VC? But Tiger is down 52%, 20,000 tech workers have been laid off, Sheryl Sandberg is leaving Facebook. It’s a good news, bad news, week. @geneteare @hunterwalk @gdibner @cz_binance @ftx_official

Another week and another glut of writing seeking to understand what has changed in the economy, the public markets, and the startup and venture capital world. As the old world dies the only important question is, what is being born?

#LUNA token lost 99.99% of its value in a flash and #UST lost close to 80%. This is not supposed to happen. The FT disclosed Tiger Global is down $17 billion? Are crypto and unicorn investing dead? @bchesky @bgurley @davidsacks @jonwu_ @packyM

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Markets fell over 5% Thursday on the day Elon Musk announced he had raised $7 billion to help the purchase of Twitter. What are we to think? Bull market for tech, or bear market? Content from @danrose999 @elonmusk @mattturck @EricNewcomer @ttunguz @Samirkaji @sether

The King is dead, or are they? Indeed, the Google Finance chart seems to imply that Netflix is in horrible shape. From a 52-week high of almost $700, its stock sits at $218.22 as Thursday, 21st April.

Is Elon Musk a “right-wing troll”? Or is he an example of real democratic thinking? How did it become “right-wing” to favor free speech? Content from @ElonMusk @DavidSacks @VitalikButerin and more

This week Elon Musk joined Twitter’s Board and Roelof Botha was named head of Sequoia. The UK made a bid to become the crypto capital of the World and Substack announced improved Podcasting and Editing tools.

It’s hard to avoid being impressed by the vision of Worldcoin. Sam Altman wants to create a human-centric coin that can be distributed to every person on earth regularly. It is Universal Basic Income using a new currency.

Apple held one of its 3-4 annual launch days this week and showed us the M1-Ultra. And a new 27" Screen. @Om has a top-end Apple display but still lusts after the less expensive new one. What gives?

This week we look at the Internet in War Time. Ukrainians are using it effectively. Meta, Youtube, and others are banning Russian content. Coinbase and Binance are not banning Russian content. Big Tech seems compliant with government requests. Is the Internet for good or for bad?