
Good morning. Greg McKenna here pinch-hitting for Allie and Leo today. Venture investors have been licking their lips for a wave of deregulation and lower interest rates to unlock pent-up demand for exits and a boom in M&A.
What happens to those dreams—and the venture business broadly—in a trade war though? It's a question that's likely to become increasingly top-of-mind for anyone in the startup economy in coming months, as tariffs, counter tariffs, and other bellicose measures roil the waters of global trade.