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Lucky coffee, unicorn stumbles, and Sam Altman’s YC wager

Turning to longer cuts, the team dug into the latest from SoftBank, its Vision Fund, and the successes and struggles of its enormous startup bets.

Don’t be too beguiled by the bad news, Danny says, venture funds run like J-Curves, and there are still winners in that particular portfolio.

After that, we turned to China, in particular its venture slowdown.

The short version for the lazy is that not only has China’s venture scene slowed down dramatically, but startups — even those with ample capital raised — are dying by the hundred.

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