“Why VC?” “Why now?” Wrong question. The right question? “Why wouldn’t I invest in early stage VC… always?” The best investors invest through every single market cycle. 🐻 🐂 📈 📉 The macro view only impacts early stage venture capital when there’s an exit, and that might be 15 years away. The macro view should have almost no bearing on when you invest. Timing the venture capital markets doesn’t really work. We time for innovation. Innovation doesn’t care if interest rates drop or if markets stabilize. @Airbnb, @Uber, and @WhatsApp were all created amid market chaos. Knowing that, why would you ever stop investing in early stage VC? In the people building our future? I never plan to stop.