Part 2/15:
The conversation begins with a reflection on the current state of the economy, which, despite some turbulence and layoffs, is viewed as holding steady. There’s cautious optimism that, since November, the market has been bouncing back. However, uncertainties remain around inflation peaks and interest rate fluctuations, making the economic outlook somewhat tentative. The speaker emphasizes that while 2023 has been challenging for startups—highlighted by numerous shutdowns—the environment is beginning to stabilize. The shift from near-zero interest rates to higher rates has significantly impacted startup operations, yet the excitement around AI and its potential continues to buoy investor sentiment. The belief is that the current AI boom, with startups raising substantial funds, is likely to have an ephemeral window—approximately 18 months—before market realities pressure further valuation adjustments.