Things You Won’t Regret. I sent this e-mail to our founders on… | by Dan Teran | Medium
I sent this e-mail to our founders on May 16, 2022 in light of public market volatility and the corresponding VC twitter prognosticating. By popular request, I’m sharing more broadly in hopes it may prove helpful to others navigating these same waters. Gutter Capital Founders, There is a lot of bad advice going around on Twitter, so I wanted to share some thoughts. Less on what is happening in the market, and more on what to do about it. By now you have heard the doomsaying. Winter is either coming, or it is here. I am not an expert in macroeconomics or geopolitics. I don’t know when inflation will fall, or what Russia’s ambitions are beyond the Donbas. I can’t say what the median price of a Series A will be a week from now or a year from now, but I can tell you with a high degree of certainty the deals will get done. This is not the dot com bubble bursting. Software isn’t going anywhere. The relevant question is will your deal get done, and at what price. Given the young age and hea