David Sacks

David Sacks @DavidSacks

growth at all costs --> growth with good margins --> survival — PolitiTweet.org

David Sacks @DavidSacks

RT @HansMahncke: Latest hit piece on Elon will one day be looked at as an inflection point. Narrative is so forced that I almost feel embar… — PolitiTweet.org

David Sacks @DavidSacks

The stock market is crashing, the economy is entering a recession, and the Administration is bragging about killing… https://t.co/mAMyPOYnQQ — PolitiTweet.org

David Sacks @DavidSacks

@typesfast Good question. I'm talking about venture rounds where the startup is growing 2.5x - 3x YoY. You catch up… https://t.co/ckj1CqbstN — PolitiTweet.org

David Sacks @DavidSacks

RT @jotewakjira: @nytimes fake news with their vindictive take. Africa is proud of Elon! — PolitiTweet.org

David Sacks @DavidSacks

The NYT has become a slander machine used by radicals to punish anyone who defies their illiberal political agenda.… https://t.co/jQUfRxwQ9d — PolitiTweet.org

David Sacks @DavidSacks

@Suhail @Austen My experience was different. We were able to raise a Series A & B during the Great Recession. Valua… https://t.co/YjeyBPC5x3 — PolitiTweet.org

David Sacks @DavidSacks

@OrbitHigher I would still pay 20x ARR for a fast-growing SaaS company. In fact, I might pay 20x EOY ARR if I have confidence in the plan. — PolitiTweet.org

David Sacks @DavidSacks

So what should founders do? — lengthen runway. Extract max growth for min burn — focus on biz fundamentals. Negativ… https://t.co/ah4BABOvIM — PolitiTweet.org

David Sacks @DavidSacks

The Great Recession (2008) was worse for the overall economy but the asset bubble was mainly in real estate. The Gr… https://t.co/8Ynu7ATSo9 — PolitiTweet.org

David Sacks @DavidSacks

it’s important to realize that a lot of investors can’t. Liquidity has dried up, “tourist” money is leaving the sys… https://t.co/cYW9r4O2TX — PolitiTweet.org

David Sacks @DavidSacks

So is the right strategy to be contrarian and keep investing, as @APompliano suggests? Absolutely. Innovation doesn… https://t.co/2S8yYtA7Nb — PolitiTweet.org

David Sacks @DavidSacks

This is not our strategy, btw. We have agreed to lead 2 major growth rounds in the last couple of weeks. I’m talkin… https://t.co/754bKhsfe5 — PolitiTweet.org

David Sacks @DavidSacks

The reason that prices are down is that many of the big funds are “risk off” right now, if they are even in the gam… https://t.co/9lj8wXtzgm — PolitiTweet.org

David Sacks @DavidSacks

So could all the VCs get together and collude to “talk down” the market in order to get better prices? Aside from t… https://t.co/tqEL3sj683 — PolitiTweet.org

David Sacks @DavidSacks

So am I just “talking my book” (ie trying to drive down valuations to get better deals)? You hear this a lot. Let m… https://t.co/Y11pXE2KMy — PolitiTweet.org

David Sacks @DavidSacks

One way to think about the explosion of growth-stage capital from crossover investors over the past 2 years is that… https://t.co/YZAGd5YZ8v — PolitiTweet.org

David Sacks @DavidSacks

Crossover investors have gone into capital preservation mode. https://t.co/qQEt3tHHhk — PolitiTweet.org

David Sacks @DavidSacks

So back to venture capital: how did the growth stock crash cause a rapid chilling of VC market? Two ways: VCs take… https://t.co/nTreNZQg1G — PolitiTweet.org

David Sacks @DavidSacks

There is also risk to earnings from a slowdown in the economy. This has not broadly materialized yet outside of Cov… https://t.co/3MjwZ1Wg7w — PolitiTweet.org

David Sacks @DavidSacks

From here, the market will go up or down based on rate expectations and earnings. If inflation proves transitory, t… https://t.co/ffIQyMWBOV — PolitiTweet.org

David Sacks @DavidSacks

Will there be a “bounce back”? There was. Over the last 6 months, the market bounced back to the historical mean on… https://t.co/2vy8539nTX — PolitiTweet.org

David Sacks @DavidSacks

So what happened? $10 trillion of money printing in response to Covid caused an asset bubble and a spike in inflati… https://t.co/LrgXaI0rtG — PolitiTweet.org

David Sacks @DavidSacks

And FinTech has corrected the most (the hotter you are, the harder you fall): https://t.co/3SNDUChbtL — PolitiTweet.org

David Sacks @DavidSacks

The Internet Index has corrected even more: https://t.co/0t3ridvUJB — PolitiTweet.org

David Sacks @DavidSacks

Now let’s look at the public comps based on charts from our friend @altcap and his team at Altimeter. The SaaS Inde… https://t.co/nybLHbIQ9T — PolitiTweet.org

David Sacks @DavidSacks

Resource: https://t.co/pqbXql1O4H — PolitiTweet.org

David Sacks @DavidSacks

Resource: https://t.co/m1Ifj8OPcn — PolitiTweet.org

David Sacks @DavidSacks

Resource: https://t.co/jUKjdgS3BX — PolitiTweet.org

David Sacks @DavidSacks

Investor sentiment in Silicon Valley is the most negative since the dot-com crash. — PolitiTweet.org