This Week in Startups All-In E3: Modern Cold War between US & China, economic recovery, potential mass migration out of San Francisco, pandemic politicization & more with David Sacks & David Friedberg
May 21, 2020
David Sacks, founder of Craft Ventures and former PayPal COO, joins fellow entrepreneur David Friedberg to discuss the modern geopolitical landscape, particularly the rising tensions between the US and China. They delve into the economic recovery from the pandemic and the potential for mass migration out of cities like San Francisco. The duo also tackles the politicization of pandemic responses, examining how these factors have reshaped urban living and the future of commercial real estate in major metropolises.
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Misleading V-Shaped Recovery
- Chamath Palihapitiya argues that the stock market's V-shaped recovery is misleading.
- He points out that the real economy is struggling, with millions unemployed and traditional businesses decimated.
Economic Recovery Timeline
- David Sachs predicts a two-to-three-year recovery process for the economy, barring further unforeseen negative events.
- He acknowledges the current economic state is dire, decoupled from the financial markets due to government intervention.
Second Wave Predictions
- David Friedberg doubts there will be another New York City-level outbreak due to changed behaviors and increased awareness.
- He cites an MIT study identifying the subway as a primary transmission vector in New York City.