“So everybody's burning money on all ends of this. This is a house of cards held up by other houses of cards…And we'll d...

“So everybody's burning money on all ends of this. This is a house of cards held up by other houses of cards…And we'll deal with this in the realm of #Anthropic …going to be valued at that, and raise like 100 billion.They're going to be valued at that, and raise all that money. But what that does is... They've exhausted the private venture money, and now what they're saying is, oh, you know who we can get the money from now?People.Yep.Just fucking people.Just dupes. ...This is exit liquidity.What is exit liquidity? Tell me what that is.… So we are sold this idea that we are investing in the future with these companies, that we're investing in the next Google, the next Meta, the next what have you.When actually what we are is the dumping ground for venture capitalists that have invested in the company. We allow them to exit the company by selling their shares that they bought at a much lower valuation for a massive payoff. “https://podcasts.apple.com/ca/podcast/the-weekly-show-with-jon-...