On this episode of Okay, Computer. Dan Nathan is joined by Josh Wolfe of Lux Capital and Rick Heitzmann of FirstMark Capital for a conversation about investing in private tech, the macro environment and geopolitical hotspots.
Key Insights from the Pod:
•Intro (Listen to the last time Josh & Rick were on the pod) (0:00)
•The interest rate environment (2:15)
•Mentoring (6:00)
•Creative destruction and reformation (9:50)
•The IPO market (Read: IPO Class of 2024 Is Dominated by Older Startups (16:25)
•Sectors that could see a wave of money (19:15)
•The AI bubble (21:05)
•Massive bubble in Mag 7 stocks? (26:00)
•GLP-1s & Ozempic (29:50)
•The next Ozempic-like moment (31:20)
•Ro Body (32:20)
•Sentiment going into 2024 (34:00)
•Economic headwinds/Possible labor recession (37:30)
•Why Josh thinks UPS could go bankrupt & his case for Amazon (40:15)
•Josh’s geopolitical outlook for 2024 (Read: Josh Wolfe’s War) (41:40)
•China/Taiwan (44:15)
•Disarray in US politics (48:00)
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