What should we do to ensure capital allocators (VC, etc) begin to care more about stagnation? I believe we have enough evidence at this point that when interest rates are low and there are fast growing companies with 80% gross margins (a relatively ahistoric phenomenon) - many capital allocators will optimize for book value mark ups and liquidity as opposed to backing enduring productivity growth bets. Perhaps Marc Andreessen's "It's time to build" blog post led to an early zeitgeist shift here - what should we do next?
What should we do to ensure capital allocators (VC, etc) begin to care more about stagnation? I believe we have enough evidence at this point that when interest rates are low and there are fast growing companies with 80% gross margins (a relatively ahistoric phenomenon) - many capital allocators will optimize for book value mark ups and liquidity as opposed to backing enduring productivity growth bets. Perhaps Marc Andreessen's "It's time to build" blog post led to an early zeitgeist shift here - what should we do next?