Kingsley Amis was right to note that the metaphysical hangover that comes after too much drink is often worse than the physical shock of waking up and realizing that your head has been filled with angry wasps and your bones and organs are on strike.
You can fix physical ailments with water, time, food and a tuft of fur from your household pet. But it often takes longer, and more work, to rectify one’s spirit after a real session at the bottle.
Thus, today’s venture capital market. I won’t argue that the slowdown in venture capital spending has been easy on startups (accustomed to easy capital access through 2021) or their backers (accustomed to easy and frequent paper mark-ups on their investments through 2021), but at some point we have to acknowledge that the worst is behind us, and any remaining malaise is potentially psychosomatic.
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