There are three ugly truths right now that we are not admitting. 1. The valuations we have from 2021 are representative of true value today. Airtable was valued at $11Bn and sold for $2BN. Canva was valued at $44BN and now is slashing growth targets and getting cannibalised by OpenAI. 2. That any of our companies can actually hire A* talent when they are competing against the might of compensation packages from OpenAI and Anthropic. Demis Hassabis and Jeff Dean do not even stick with the…