– Everyone wants to be the
person who calls the next bubble. – Right now, it’s that
moment when the party’s ended and somebody’s flicked on the lights and you don’t know how the
rest of the night’s gonna go. – Investors are getting very hesitant. – Companies are just not going public. – There are too many unicorns, too much money flowing into start ups. – It’s a mistake to even call it a bubble. We need a new word. – The sky’s falling and the end is night. – Every eight years, you have a recession. We’re here. – The down round is
better than going bust.