March 10, 2023
Weekly Reflection: Week One Hundred Fifty-FourBack to home
This is my one-hundred-fifty-fourth weekly reflection. Here are my takeaways from this week:
- SVB – Silicon Valley Bank’s failure this week was a surprise. I’m curious to see how this failure will impact venture capital and banking more broadly. As of today, I know a few VC funds and start-ups with frozen accounts at the bank.
- New community – I joined a new community full of accomplished people this week. I’m excited to get to know them.
- Young companies – Some of the largest companies in the US haven’t been around that long relative to their market cap (i.e., valuation). For example, Alphabet Inc. (Google) was started in 1998. Twenty-five years ago. It has a market cap of over $1 trillion. That’s a staggering rate of compounding and wealth creation.
Week one hundred fifty-four was a crazy week. Looking forward to next week!
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