Three Years Later: How “The Great Reset” became The Great Reinvention

Looking back at my January 2023 post about "The Great Reset," I'm struck by both what I got right and what none of us saw coming. Yes, I along with most everyone else predicted the return to fundamentals, the emphasis on unit economics, and the rationalization of valuations. What I didn't fully grasp was that we weren't just resetting - we were standing at the precipice of a complete reinvention. The "bumpy ride" I predicted turned out to be more of a violent shakeout followed by an explosive renaissance. The venture capital industry didn't just correct; it metamorphosed.