Weekly Recap, May 23rd - May 29th 2022

Weekly Recap, May 23rd - May 29th 2022

Michael Jackson Michael Jackson

Michael Jackson

Venture Capitalist

Published May 29, 2022
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Hello cool kids. What's shaking?

Here's all my LinkedIn posts for the week, plus a few extras thrown in.

Ready? Because here it comes!

This Google Translate of 2021 VC Language into 2022 VC Language is *chef's kiss* spot on. 👏🏻

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Europeans love to compare any and all government funding programs with DARPA. With only €3.5M and nothing to do with defense, the German Sovereign Tech Fund is literally nothing like DARPA. 🤷🏼♂️

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Young VC who's only known a bull market talking about his upcoming thought piece on how to survive a downturn with one of his portfolio company founders. ✝️

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"A lot of companies, particularly consumer-facing ones, are preparing for a recession...belts are being tightened." 🥋

Climatetech is now just meme investing. 😉

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“If you are under 34 years old, you have never invested in your career in a rising rate environment or a down market environment. You’ve worked for me for 10 years and I still don’t know if you are a good investor.” 🍼

Social media has likely blown some of the hysteria over a venture downturn a bit out of proportion. So far it feels more like a correction to pre-COVID norms than anything. Also, tech is still taking over the world. Someone may need to remind European LPs though. They jump at any chance to be gloomy. ⛈

"A lot of these companies whose values have gone down recently are still great companies, and maybe the value has been overreacted by the market. I think there are some great buys there, I don't think it's at all a case of where we were in 1999/2000." 📉

The EU’s goal of having 20% of global chip production in Europe by 2030 is nonsensical, and simply an extension of the deadline that was already missed under a previous government plan. 😕

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Germany bringing back coal power plants and yet no reversal of its absurd anti-nuclear energy stance. 🤦🏻♂️

"You think of the offer of cram down funding as a lifeline, but they’ve handed you a noose." Uh oh, cram downs are back. 😬

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“The smartest VCs talk up a downturn but continue to invest.” 👍🏻

An early history of Microsoft, a company that got going and scaled in the fairly shaky economic times of the mid to late 1970s and early 1980s. 🤓

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“While the firm’s public hedge fund has experienced $17B in losses this year, there’s a different dynamic in the other side of its business—the private side, where there have been many up rounds and portfolio companies are experiencing significant growth”. 🐅

Now time for extras!

Price of university in Europe:

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The median losses and gains for biotech IPOs from 2019-2021:

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Number of school shootings in the US since 2009 compared to the other G7 countries:

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People have a disconnect when it comes to their own financial situation and the economy at large:

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“The average Gen Xer lost about 6 points of IQ due to early childhood lead exposure.” 😳

McDonald's per capita in Europe:

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Gain required to fully recover from a loss:

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Meteoric rise in German productivity after reunification:

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Confidence in US institutions by racial group:

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And there it was!

Feel free to follow me on Twitter.

Have an amazing week!

MJ.

Another Amazing Week Another Amazing Week

Another Amazing Week

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Rita Sakus

2y

Hello cool kid yourself! :) 🙌🏼

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Leesa S.

Managing General Partner @ R3i Capital | Venture Capital | Independent Non Executive Director | Applied AI Investor | Philanthropy | Adjunct Faculty

2y

Always appreciate reading your work Michael Jackson

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Philippe Collard

Business samurai | General Manager, Rezoway USA

2y

Love it.

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Lloyd Wahed

Founder, CEO & Investor

2y

Thanks for calling me cool 😎 I’ll take it Love the utility Michael Highly amazing Keep up the incredible work Warmly Lloyd

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