Welcome everybody to the Tech Mem Ride Home Experience for Wednesday, May 11th,

2022. We have a very exciting guest in a very strange and challenging moment I suppose in the

tech world.

Eric Newcomers here and we're going to be talking about whether it is game over in the tech world.

Brian?

Yes, I said it. I said to Eric just a minute ago.

Eric writes the newcomer sub stack which is you know a must read for me for covering

sort of exactly the space we're about to talk about and the I think I Chris didn't I put this one in the long

reads last week right that it's called the end game yes Yes. The tech down term persists.

I think the image is game over, but I think you're right.

I think it's at the end game.

Mm-hmm.

Yes.

So the tech downturn persists, forcing startups to grapple with reality.

Hey, by the way, NASDAQ was down another 3% today or whatever.

Okay, Eric, I think the way that we could do this is let's start with the stock market first

because it's almost like going down the funnel we can we

can talk about like what that has to do with everything else down to like you know someone

starting a company today. So my first question would be, by the way, thanks for coming on.

Yeah, that's right.

Do you have a theory for why now why the apocalypse now or at least the apocalypse since November?

Yeah, I mean yeah set the table I mean the Nasdaq composite which reflects a lot of tech stocks you know down 3% in one day down 11% in 5 days down 15% a month down 28% six

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