While it may be difficult to predict the public markets in '23, it is pretty easy to figure out that Venture Funds are on track to lose $1 trillion in value from peak. The vast majority of these losses have yet to be recognized. '23 will bring more

Lawrence Lepard @LawrenceLepard · Dec 31, 2022

Great thread. College Endowments are going to get schooled.

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by Bob Elliott

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