This is an oxy moron. Stanford’s endowment fund contributes to Venture Funds. They can’t afford the Internet to End. That said I’m attending this discussion at Stanford Law School for no other reason than the pure optimist knows that pessismism (yes, I don’t know how to spell it) “is a state of mind.”
As a graduate of Economics, I refer to this state of mind/thinking as “animal spirits, the term John Maynard Keynes used in his 1936 book ‘The General Theory of Employment, Interest and Money’ to describe emotions which influence human behavior. It’s commonly referred to as consumer confidence.
So if consumer confidence in the Internet is down, I think the Internet isn’t dead but interesting to note that seed investing has grown 483% in the last 10 quarters vs 51% for Seres A deals, according to data from CB Insight.