Winter is coming

Public equity is down. Crypto is down. A couple trillion of market cap was wiped off from existence. Thanos would be proud.

This is the best time to build.

If you are an investor, preserve capital. Make committed bets on mission-driven founders that can ride out the bear market. If you are a founder, be a cockroach.

I am graduating from university just when the bear market is starting. Some get discouraged; I feel blessed.

All the best companies (e.g. Stripe, Airbnb, Coinbase etc.) are built in bear market.

I never benefited from the bull run. I am not part of the asset-owning class. And I have never enjoyed the upper-middle tech employee class lifestyle (i.e. $400K for being a 'Product Manager').

I was born to be a cockroach. Go nuke the whole world and I survive.

Better, I thrive.

Founders gifted with a messiah complex and evangelical talents will benefit a lot from a bear market.

Be greedy when others are fearful. If your competitors are downsizing and the market is shrinking, this is your cue to consolidate fundamentals and raise and eat market share.

Monopolies are built in the worst of times. And monopolies wield their power in the best of times.

The best time for wealth creation is coming. Some call it winter, I call it the winter before spring.