Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
The artificial intelligence frenzy cannot mask the stench of rotting corpses that litter the venture ecosystem. The heat and humidity of the macroeconomic and geopolitical environment combined with the drought conditions caused by bad investments, startup bankruptcies and dismal venture capital fund investment returns have created 100-year storm conditions. In July, the Rabid Capitalist warned its readers that this liquidity crisis was developing (see https://therabidcapitalist.com/2023/07/28/venture-capitalists-take-their-own-medicine/). Unfortunately, the storm will not lift in the short term and will leave substantial damage in its wake.
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