Tri Tip

Tri tip is a triangular cut of beef, from the bottom of the sirloin. Tri tip might just be one of the most flavourful cuts of meat that you've never heard of.

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Random people of FinTwit & NYC what you got?

@SamanthaTwenty @kevinf280 @nicolecasperson @themacrotweet @Dephlow

#fintwit #NYC #renting

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Friday Sear:

Average rent in Manhattan hitting $5k. After rent, food & alcohol have to come next on expenses. What follows after that?

For me its travel... even in NYC subways and airfare seem to be my largest following expenses.

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VC world, give me your thoughts directly?

@fredwilson @skupor @trishdigi @SeekingN0rth @vc @TheValuesVC @RarebreedVC @msuster @LifeSciVC @SanFranciscoVC #VentureCapital #PrivateEquity #privatemarkets #startups #VC

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Medium Rare Please:

VC valuations are no safer than their underlying investments. Per PitchBook "data for Q1 2022 indicates that 68.1% of reporting VC funds ... had a [median] markdown [of] -7.8%."

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Question:

Is this just the beginning of something larger? Are VC funds adequately prepared for the number of down-rounds and valuation cuts that are to come? Instacart, Reddit, Klarna, and BlockFi just to name a few.

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@SolanaEyes @catalinawhales @WAGMIBeach Pow Pow 💥 💥

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#privateequity #tech #privatemarkets #startup #venturecapital #startups #funding #softbank

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Medium Rare Please:

Private markets seem to be recalibrating with valuations compressing 30-50% in many popular names. What does it say about a company still garnering a premium PPS to their last round? One example @anduriltech

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Random peeps on the private side and VC realm, weigh your thoughts please?

@chamath @balajis @sacca @pmarca @karaswisher @kevinrose @Jason @sama @reidhoffman @lolitataub @ezraklein @DavidSacks @skupor @withfries2 @jeff_jordan @eladgil @vijaypande @stevesi @friedberg @semil

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Question:

Is this a good indicator of a healthy long term growth company? Or, is this more of an idiosyncrasy within the private space where pricing transparency can be opaque at best sometimes?

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Random economists and private side investors, you have any thoughts?

@TechnologyGuy @Brice2B @fredwilson @skupor @scmallaby @chadbyers @nic_detommaso @SeekingN0rth @AAmoroso_1 @trishdigi @CZimm_economist @johnvanreenen @SaaSCapo @DigitalBiasLdn

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Medium Rare Please:

With the Fed expected to hike rates another 2% before year end, what can we expect for the glorified SaaS sector? Meritech recently published an article highlighting "The average company market cap is down 57% from its 12-month highs."

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Question:

What do the economists and folks within the SaaS sector think about the long term view for these companies and the like within the private space? Are we near the bottom, can we expect to see value compression continue? Are down-rounds inevitable for private SaaS?

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Random private company peeps, and talent acquisition folks you got any thoughts?

@SmartRecruiters @indeed @HireOnLinkedIn @BrightJobs @MessinaJobs @MentorTalent @361Capital @mercatus @DelioGroup @SeekingN0rth @RizoStonks @beyer71 @trishdigi @AAmoroso_1 @Scotonomist

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Medium Rare Please:

Layoffs in the startup land look to be amassing. TermSheet recently purported that "8,000 startup employees have been cut this month".

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Question: I would be interested to hear from folks within this space and the sourcing space to see if higher talented individuals are easier or harder to find currently? And what is the average time to find a job or place someone now versus 2021?