State of Venture Capital...Jim Cramer 2.0's Galore

Good morning…

Big day today…The Fed will make a decision on rates and everyone on the internet is now somehow an expert on what the FED should do.

I tweeted this yesterday (i think the FED will raise 25 bp) and it went pretty viral:

I RARELY tweet or write anything that goes viral. Mostly because I share ideas and ideas do not get great traffic on Twitter.

This got traffic because it hit home with people. It was an opinion wrapped in snark aimed at a specific audience.

I wrote this tweet knowing it would get shared and retweeted and seen.

Why?

We have entered an era of financial ‘personalities’ that extend beyond CNBCq. It used to be you had to appear on CNBNq to be considered a ‘financial’ or trading’ or ‘investing’ expert. I thought that would end after 2005, 2006, 2007, 2008, 2009, 2010…

The change has happened very slowly but now all at once.

Bill Ackman, Elon Musk, Chamath, David Sacks, Jason Calawhatever, 200 VCs signing tweetstorms, have bigger audiences than any talking head ever on CNBCq and they get to do the ‘talking’ without heading to New Jersey and slapping on the make-up . The one difference between the old CNBCq and the new distributed version on the internet is they have to listen to the boo-birds in real time and all the time.

And for those that can’t take the internet boo birds and being accountable…there is always podcasting.

So here we are in 2023, and we still have Jim Cramer (and Inverse Jim Cramer) and too many Jim Cramer 2.0’s.

I am not sure how this all plays out for CNBCq, the next Jim Cramer’s, the stock market or now venture capital.

It sure is noisy though with a ton of misinformation from ’trusted sources’.

One of my favorites investing terms is ‘there is no such thing as information overload, only filter failure’.

Filters are getting exponentially more important.

Have a good Fed day.