When will the paper unicorns fold?

Hello, and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.
This is our Wednesday show, where we niche down to a single person, think about their work and unpack the rest. Today on the podcast we have Jeff Richards, an investor from GGV who has perspective on the last venture boom and the resulting dénouement of that particular saga that we’ve been covering since the end of 2021.
Richards has been an investor since 2008, so he’s seen a business cycle or two, which convinced us that he’d be the perf

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