if you were doing that in Massachusetts. And that, I think, really helped the ecosystem to flourish because people could move around. They could take their ideas with them. They could take their talent with them. And that really helped to foster this culture of innovation and entrepreneurship in Silicon Valley. GEORGE HAMMOND: And now, in 2022, we see the venture capital industry really at a crossroads. It\’s been a time of enormous growth, enormous excitement, enormous investment, particularly in tech. But now we\’re seeing a contraction. We\’re seeing a time of reckoning, of consolidation. And Sequoia, as the gold standard of venture capital, is really at the forefront of that. TABBY KINDER: The question for Sequoia and for the venture capital industry more generally is, can they adapt to these changing times? Can they continue to be the gold standard of venture capital? Can they continue to find and invest in those unicorns, those companies that are going to be the next big thing? And that remains to be seen. But one thing is for sure, the future of venture capital is going to be a bumpy road. [MUSIC PLAYING]\”
