ARK Innovation ETF

Friedberg support ×2 ▲ on 📈 It's 1997-98, not 1999 — the melt-up has years left E288 · 2026-09-04 ▶ 12:08

With the.com boom, it was all like metrics that weren't dollars. What we're seeing now is revenue and profits and growth in revenue and profits that we've never seen before. ... it is all real dollars flowing versus speculative utilization.

Jason support ×2 ▲ on 📈 It's 1997-98, not 1999 — the melt-up has years left E288 · 2026-09-04 ▶ 8:56

I think it's 97, 98 ... I do think we are seeing at the late stage a disconnection in reality and valuations, where companies are being given far too much credit.

Sacks support ×2 ▲ on 📈 It's 1997-98, not 1999 — the melt-up has years left E288 · 2026-09-04 ▶ 14:50

I'm starting to wonder if this is 1998 or 1999 ... I think it's more 1998 than 1999 because I don't think we've seen the peak yet

Chamath support ×3 ▲ on 📈 It's 1997-98, not 1999 — the melt-up has years left E288 · 2026-09-04 ▶ 14:09

I think the thing is we're in the early part of the euphoria ... I don't see this stopping. We're at the beginning of the beginning. I think it's going to be like this for another probably three years.

Friedberg support ×2 ▼ on 📈 Startup mass extinction event in late 2023 and 2024 E175 · 2024-04-19 ▶ 42:54

the general tone here is a deep tech investment is very likely to fail because you spend so much money before you even know... So it's a tough data point for other deep tech companies that need to raise a lot of capital.

Sacks oppose ×3 ▲ on 🌍 Risk-off overhang lifts - equities and high-beta growth rally E173 · 2024-04-05 ▶ 1:13:20

This really has the risk of tipping over into policy, I would say, in a Biden second term, where Biden agrees to do what our European allies are already calling for, which is send in NATO troops to Ukraine to save Ukraine from what Politico calls an imminent collapse. I think this is a very dangerous situation. I mean, we're really talking about here is World War III.

Chamath support ×3 ▲ on 🌍 Risk-off overhang lifts - equities and high-beta growth rally E171 · 2024-03-22 ▶ 1:02:39

I think the point is that I think there is a speculative party going on right now. And I'm not saying that Reddit is part of it, but whenever these things are so mispriced, it just means that people are ready to gamble a little bit.

Sacks support ×2 ▼ on 📈 Startup mass extinction event in late 2023 and 2024 E171 · 2024-03-22 ▶ 46:44

My take on this is that this was a bailout... This company wasn't going anywhere, and it raised hundreds of millions of dollars.

Sacks oppose ×2 ▲ on 🌍 Risk-off overhang lifts - equities and high-beta growth rally E167 · 2024-02-23 ▶ 1:17:36

What's happening in the war is that the Russians just took this city of Deikha, which basically totally refutes the whole stalemate narrative, as I've been saying for a while. It's not a stalemate. The Russians are winning ... Why do I think this is a big deal? Because if something like this happens, it could really expand the Ukraine War ... this could lead to a major escalation in the war.

Jason support ×2 ▲ on 🌍 Risk-off overhang lifts - equities and high-beta growth rally E163 · 2024-01-26 ▶ 11:03

People will take money that's sitting in cash, as you've pointed to, Chamath, there's trillions of dollars sitting in cash. And they want to look for some returns, some alpha. They're going to put it into markets.

Chamath support ×3 ▲ on 🌍 Risk-off overhang lifts - equities and high-beta growth rally E163 · 2024-01-26 ▶ 3:42

when we look back 18 to 24 months from now, the market will probably be materially higher because there's just so much money on the sidelines... I think that all roads lead to a continued melt up.

Sacks oppose ×2 ▲ on 🌍 Risk-off overhang lifts - equities and high-beta growth rally E159 · 2023-12-29 ▶ 1:20:12

We could be pulled into a war in the Middle East at any time. We still have a proxy war going in Ukraine. ... So there are a lot of risks still on the horizon.

Chamath support ×2 ▲ on 🌍 Risk-off overhang lifts - equities and high-beta growth rally E159 · 2023-12-29 ▶ 32:43

I think now what the setup is for 2024 is basically we will melt up up until the first cut and then there'll probably be some real selling.

Friedberg support ×2 ▼ on 📈 Startup mass extinction event in late 2023 and 2024 E158 · 2023-12-23 ▶ 58:01

a lot of businesses that raised a lot of capital at a very high valuation, and then you have this multiple compression that's just happened in the last two years, their valuation effectively, if they were to go public today or get sold, is less than the capital they raised. And that's the most extreme scenario where suddenly all the common shareholders get wiped out in terms of their return.

Chamath support ×2 ▼ on 📈 Startup mass extinction event in late 2023 and 2024 E156 · 2023-12-08 ▶ 56:53

I run into two and three person teams every day that I think are exceptionally talented, who should be inside of a company.

Jason support ×2 ▼ on 📈 Startup mass extinction event in late 2023 and 2024 E156 · 2023-12-08 ▶ 34:54

It was a rager, folks. People partied well into the next day, and we're still seeing the cleanup.

Sacks support ×2 ▲ on 🌍 Risk-off overhang lifts - equities and high-beta growth rally E156 · 2023-12-08 ▶ 34:17

Just people knowing that they're on the way down, that they've peaked and are on the way down is going to unlock a lot of capital.

Chamath support ×2 ▲ on 🌍 Risk-off overhang lifts - equities and high-beta growth rally E156 · 2023-12-08 ▶ 34:05

If you see a quarter point rate cut in Q1, a trillion of the $5.7 trillion in money market accounts will rip into the market.

Sacks support ×2 ▲ on 🌍 Risk-off overhang lifts - equities and high-beta growth rally E152 · 2023-11-03 ▶ 21:31

So if you believe that we're going to be in a cycle of rate decreases and that whole thing has played its way out, then everything's going to rally.

Chamath support ×3 ▲ on 🌍 Risk-off overhang lifts - equities and high-beta growth rally E152 · 2023-11-03 ▶ 18:33

if what we think is now this is just a version of conflict, timeout, and the market de-risks that, then it's actually pretty positive for equities, for startups

Friedberg support ×2 ▼ on 📈 Startup mass extinction event in late 2023 and 2024 E151 · 2023-10-27 ▶ 50:13

The one that needs cash continuously and will for a long period of time is really screwed

Jason support ×2 ▼ on 📈 Startup mass extinction event in late 2023 and 2024 E151 · 2023-10-27 ▶ 49:03

I'll just note when a company does shut down, that process typically takes two or three quarters ... anything you're seeing in 2023, that might be a shutdown where the employees were all laid off in late 2022

Sacks support ×3 ▼ on 📈 Startup mass extinction event in late 2023 and 2024 E151 · 2023-10-27 ▶ 47:43

This is the bubble of 2021 working its way through the system ... So I think you're going to see this dynamic for the next 18 months or so. But this is not a new dynamic. This is the lagging indicator of what we've been talking about since the regime change of the first half of 2022

Chamath support ×3 ▼ on 📈 Startup mass extinction event in late 2023 and 2024 E146 · 2023-09-22 ▶ 1:10:29

New options are issued and a round is done at a significant discount. And there's a huge recap and a pay to play and all this other sort of stuff starts to play out that the original founders in the company get wiped out. ... I think that's the scary scenario that's likely going to play out

Sacks support ×3 ▼ on 📈 Startup mass extinction event in late 2023 and 2024 E143 · 2023-08-25 ▶ 50:34

And I can tell you like most startups in startup world right now are in the danger zone... if you're a startup with sub one million of ARR and you're in the danger zone, you're probably just gonna have to pack it in