Hello and welcome back to Equity, a podcast about the business of startups where we unpack the numbers and nuance behind the headlines.

My name is Alex Wilhelm and I'm subbing in for Natasha today and this is our Wednesday show where we niche down to a

single topic think about a question and unpack the rest. Today we are asking

how is the economic downturn and startup slowdown impacting VCs and the funds who finance venture capital funds.

I'm joined today by Becca Scutect to get into this.

Becca, this is essentially Christmas for us

because we get to to ramble on about LPs and VCs and finally our nerd moment has come.

Yes we've been waiting for this for a long time. Yes if you don't like this particular

episode of Equity tough because this is the stuff we talk about on Slack and we are bringing it to you today,

not live per se, but as close to that as we can get. And a small note, Natasha is just out with a small illness,

she will be back. She is not giving up the Wednesday show to me. I just tried to pretend to be heard during the intro.

She'll be back ASAP.

Now, Becky, with that in mind, we're talking about the economic downturn

and startup slowdown, which is kind of the same thing.

But I want to set the stage here by discussing startups today,

because I'm a little confused about where the market is.

On one hand, we've had people, you know, ringing the bell of doom that everyone should

conserve cash and cut spend and all that business

and at the same time the venture capital flows into startups seems to be holding up reasonably

well so my vibe is that things aren't as bad as people say they are for startups,

but I'm curious, just to set some groundwork here, where you sit.

Yeah, definitely. I think the vibe I'm getting is that it's just a really divided market right now.

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