The Home Stretch

Right now, before we get to politics, which is going to be the main topic, I do want to dig into a tweet I put out there, a post that went not quite viral, but definitely took notice.

So check it out.

Those of you who don't care about this stuff, I'm going to explain to you why you should care in a sec.

But there's a very, very big venture capital firm called Andreessen Horowitz, A16Z.

You might have heard of them.

Raise gajillions of dollars.

the vast majority of their 34-person talent team that was headhunting for their portfolio companies.

So their pitch was, hey, if we invest in you, it's not just money.

We also recruit your executive teams.

And that's been their pitch for quite some time.

It came out in Axios that they just axed the vast majority of that team.

And I took this as a very significant bear market signal because what this is a major firm saying to their portfolio companies, look, We don't think you should be hiring to the point where we're just getting rid of our entire talent team.

And I'm pretty sure simultaneously they sent out a message to their firms batting down the hatches.

There is a very, very rough time coming.

These venture capital funded companies tend to be the canaries in the coal mine of the risk on economy.

You know what I mean? It's like these guys are investing in edgy tech companies.

uh and in when the tide is uh going up everyone looks like a genius you know i'm sure the evaluations have all gotten marked up over and over again um and by the way and one thing i don't know if i shared with you so i put this post out you know got a few hundred thousand views and then someone texted me saying hey um thanks for putting that out because i was literally talking to those headhunters they're trying to help me find a job and then they said like i just lost my own job so sorry i can't help you anymore um so that there's um there's an ill wind blowing and i'll talk a little bit more about like another sign of the top that just came out um in a moment but thoughts on hey major firm now just cut its talent team

my sense was on one hand sign of a bear market ahead or choppy waters ahead the other one is How many of these jobs are actually getting, especially in the engineering world, are getting either duplicative or they're getting eliminated from AI? Yeah, that occurred

to me too.

Maybe this is person light.

So I want to cut to why I think this is important for Just about everyone.

So I was talking to my personal trainer.

I do have one.

Anyway.

And then he mentioned something that I was like, yo, that's probably not very smart.