Why our venture capital downturn and recession is good for humanity
The first four months of this year have thrown a curveball for our industry - funding has dropped to a record low for founders and emerging VC managers. But ... this is indicative of a larger shift toward groundedness and balance.
This is what I believe:
The VC industry has always been inflated, with herd mentality (due to a total lack of diversity.) We are witnessing the cracks of these flaws so that we can fix them and create a more holistic approach to investing going forward.
This is in line with what's happening in our world as a whole as we go through a tremendous shift for our industries and humanity - questioning our values and what sort of a future we are co-creating (and not just falling victim to.)
If you're raising capital this year, contemplate on these questions: Am I solving a real, systemic pain point - aka will my solution be resilient in the next 15 years? Am I in this to win this - therefore patient to downturns and recessions? Do I believe and trust and claim myself as the leader of my vision -- and if not, why am I building this? Your goal should be for your inner anchoring and storytelling to emerge 3x stronger from this climate.
Sending love. If you seek community, join me for my free mastermind next Friday the 5th at 11am PST.
Register here for my 30 Minute Chai series, including bi-weekly masterminds and VC guest sessions: https://lu.ma/30minchai