Small Business & Venture Capital: The Post-Coronavirus Future

Published on
April 4th, 2020
Duration
48 minutes

Coronavirus’s Impact on Macro & the Future of Crypto


Small Business & Venture Capital: The Post-Coronavirus Future

The Interview ·
Featuring Mark Walsh and Vincent Catalano

Published on: April 4th, 2020 • Duration: 48 minutes

Small businesses are the backbone of any healthy economy – providing employment, supply, and demand in nearly every sector. Mark Walsh, venture capitalist and former member of the Small Business Administration, joins Vincent Catalano, chief markets strategist at Stuyvesant Capital Management, to discuss the impact that the coronavirus is having on the present and future of American small businesses. Walsh has experience at the intersection of small businesses, innovation, and the government's role funding venture capital, and he sheds light on how the COVID-19 outbreak could permanently alter the landscape of venture capitalism and small business alike.

Comments

Transcript

  • LB
    LUIS B.
    9 April 2020 @ 20:56
    Thanks for the variety of opinions real vision. Have to say though, they sure are bothered by Libertarians. Couldn't help but poke a little. Wonder why, eh? Maybe it is their conscience silently screaming that tax is theft and that the State is creating way more harm than good. The unseen consequences of State policies haunting them in the background.
  • JL
    John L.
    4 April 2020 @ 15:38
    Why doesn’t the government/taxpayer get some equity stake/return from these venture investments/ grants/ bailouts!!!
    • RL
      Robert L.
      5 April 2020 @ 07:35
      There should not be an investment branch of the government.
    • AC
      Andrew C.
      5 April 2020 @ 11:50
      Hmmmm, if run properly with skin in the game, why not? His example of paint for the deck of an aircraft carrier is a perfect example, especially when SME make up most of the employment force. Certainly would slow down the corruption of paying $1000 for a toilet bowl! He say most of the investments made profits; I am sure because he has his skin in the game.
    • RL
      Robert L.
      8 April 2020 @ 23:58
      No. Small government is the best government.
  • ar
    andrew r.
    7 April 2020 @ 22:46
    Though I don't agree with Mark politically, I thought he was very reasonable. The commentary on the challenges of 7A capacity was insightful.
    • DZ
      Dongbin Z.
      8 April 2020 @ 01:37
      That comment made an impression with me as well.
  • PC
    Peter C.
    7 April 2020 @ 18:31
    Once he stated he teamed up with Rachel Maddow I was done. Real Vision is better than this and cannot get complacent by finding guest with political agendas. I’ll watch Anthony Deeden interview by Grant Williams again. A true intellect with so much insight.
    • DZ
      Dongbin Z.
      8 April 2020 @ 01:24
      Hmmm. Perhaps do this: squeak more and then get used to different ideas.
  • CH
    Charlie H.
    5 April 2020 @ 11:35
    A bullshite artist who overstates his clout at SBA. Too political.
    • DZ
      Dongbin Z.
      5 April 2020 @ 18:16
      > A bullshite artist who overstates his clout at SBA How so?
    • CH
      Charlie H.
      6 April 2020 @ 20:05
      Dongbin Z. He was a "Schedule C" employee. As such, he alone neither controlled nor managed any of these programs 504, 7(a), SBIC, SBIR, etc. If you don't see him as a bullshite artist, I can't help you.
    • DZ
      Dongbin Z.
      7 April 2020 @ 19:58
      Schedule C just means he can't participate in day-to-day decision of who gets the grants. It doesn't mean he cannot participate in the decision making on the overall directions of SBA. I mean, I am going to continue to give you the benefit of doubt. But I hope it is obvious for you that quoting schedule C alone as the only reason for "If you don't see him as a bullshite artist, I can't help you" is high discrediting.
  • AT
    Andrea T.
    7 April 2020 @ 15:20
    How could the industrial revolution ever happen without the government spending gazillions of dollars on non profitable businesses with great ideas?
  • AT
    Andrea T.
    7 April 2020 @ 15:07
    Phones wouldn't exist without governments! Slaves would starve without their masters!
  • NP
    Naimesh P.
    6 April 2020 @ 13:27
    Add subtitles and transcript
    • ZM
      Zachary M.
      7 April 2020 @ 14:18
      You can download a transcript.
  • JK
    Jay K.
    5 April 2020 @ 10:40
    Libertarians are fools. I can see them now lining up for bailouts and Government assistance to survive this COVID 19 pandemic. The want less Government until they need help from Government. LOL!
    • js
      j s.
      5 April 2020 @ 20:41
      Yep. Huge hypocrites about to be exposed. Libertarian is a luxury, like vegetarians.
    • DT
      David T.
      5 April 2020 @ 22:04
      Real libertarians don't have government to ask for any bailout, nor they believe in FDA, CDC and the rest of agencies o take care of the COVID19 for them. You are your own government.
    • SB
      Stephen B.
      6 April 2020 @ 17:08
      If real libertarian / sound money policies were followed we wouldn't have a debt cycle in the first place, so there would be case for bailouts. That is a world I would prefer to live in.
  • TJ
    Terry J.
    6 April 2020 @ 17:00
    Some of the comments posted suggest it's long overdue for RV to ask one of the pillars of honest government and a champion of libertarian values and markets, Dr Ron Paul to come onto the channel to explain why a Libertarian agenda is the only one that can rescue markets from increasing cronyism, manipulation and ultimate disaster. He was more than a match for Dr Bernanke's evasive testimonies before Congress when the latter was in The Chair and indeed embarrassed him on several occasions when discussing gold. Come on RV. Please ask Dr Paul for an interview!
  • ED
    Etienne D.
    6 April 2020 @ 16:04
    lol. i think the truth machine would miss the biggest lies, because the psychopaths among the cfos would not have any tension lying.
  • ST
    Simon T.
    6 April 2020 @ 04:25
    That’s the biggest financial hold up of this planet earths history even beating the subprime scandal that lead to 08/09
  • ST
    Simon T.
    6 April 2020 @ 04:24
    Without even being audited and privately hold
  • ST
    Simon T.
    6 April 2020 @ 04:24
    The USD needs to be backed by real gold ar hard assets and not just by paper money the FED can print
  • ST
    Simon T.
    6 April 2020 @ 04:23
    The US is a Kleptocracy
  • ST
    Simon T.
    6 April 2020 @ 04:22
    Hey guys - it seems that I can’t write freely here as when using the some words the message reports an error ! What’s going on RV?
  • ST
    Simon T.
    6 April 2020 @ 04:20
    My third attempt of writing
  • MT
    Melvin T.
    5 April 2020 @ 22:23
    Lots of chaff to sort through in this interview. I will say that learning a bit about the internal mechanics of the government's SBA programs might be educational to some. His comments on private equity and future opportunities buying distressed assets is also interesting, but should be nothing new to most subscribers. Seems to me like it's just the business/credit cycle playing out as it always has. Hats off to RV for bringing Mark on, clearly he has quite the resume. However, if you choose to skip this, you aren't missing out on much.
  • DS
    David S.
    4 April 2020 @ 20:07
    A lot of the Libertarians may not comment as they are filling out loan/grant application from federal, state and local governments. DLS
    • mb
      michael b.
      5 April 2020 @ 00:31
      I’ll confess that I’m a libertarian who has applied for the PPP and EIDL as a business owner. I don’t see an issue with taking money out of the hands of government when freely offered, as my use of the money will be significantly more beneficial and efficient than the government’s. That being said, I’m against all bailouts but that decision was completely out of my hands. I believe Ayn Rand had the same opinion about Social Security.
    • CS
      Christopher S.
      5 April 2020 @ 07:18
      Taking handouts doesn't mean you can't oppose the policy of handouts being given. I'd rather have free market healthcare (and everything), but as the (UK) government has a policy of socialised medicine I'm not going to refuse CPR if I need it.
    • LS
      Lemony S.
      5 April 2020 @ 16:07
      Yes, Christopher, I'm not a libertarian anymore because I find it to be unapplicable to the majority of the population (taken to its end it is ultimately no borders one world currency, etc) but the knock on libertarians such as the above is silly. You force us to play by your rules and then make fun of us for playing by those same rules as citizens? Come on David, you're better than that, mentally and morally.
    • DS
      David S.
      5 April 2020 @ 19:17
      michael b. - Ayn Rand took her social security check also. My problem with Ayn Rand is she took the worst part of Nietzsche and left the good part of Nietzsche behind. I thank you for your honesty about government applications and wish you well. Be safe. DLS
    • DT
      David T.
      5 April 2020 @ 22:06
      Real libertarians don't have government to ask for any bailout, nor they believe in FDA, CDC and the rest of agencies o take care of the COVID19 for them. You are your own government.
  • DT
    David T.
    5 April 2020 @ 21:34
    They should have fired this dude using other peoples money to fund privet ideas of some.
  • RL
    Ryan L.
    5 April 2020 @ 02:01
    Would have been nice to hear about the returns of the government investment funds. Feels like this is okay as long as they are making a “acceptable” return. If they can’t, then maybe they aren’t allocating capital appropriately. Just chucking money at company that end up going under is a real way to destroy value. That being said, they don’t need to be making 30% IRR and a longer term view is important here.
    • DS
      David S.
      5 April 2020 @ 19:11
      It is difficult, but helping small business develops the major the major employer of our economy. You need SBA staff that can help reduce regulations where they are not needed. You need an SBA staff that cares about making small business successful. Big difference between capitalism and communism. DLS
  • TD
    Thomas D.
    5 April 2020 @ 18:05
    Educational. Thank you.
  • AC
    Andrew C.
    5 April 2020 @ 12:09
    the US Government's Department of Energy does its own research and also invests in other companies research projects. Huge investment in initial shale production technology, for example. These libertarians remind me of that US senator who wanted to shut down the Weather Bureau because everyone can get forecasts from the Weather App on their phones now !
  • GR
    Grant R.
    5 April 2020 @ 01:52
    Anyone catch the name of the third video networking company that competes with Zoom and the other large firm (webex??) It started with G-Something?
    • ML
      Michele L.
      5 April 2020 @ 03:31
      BlueJeans
    • SC
      Scott C.
      5 April 2020 @ 03:50
      Blue jeans and he mentioned webex which is a Cisco product.
  • BS
    Bevyn S.
    5 April 2020 @ 01:24
    Some thoughts / questions that come to mind: 1. How does government regulation limit investment into small businesses and encourage 'vulture' capitalism? 2. Would the SBA be necessary in a less regulated environment? 3. Did the SBA help inflate the PE bubble by providing low interest rate loans that were not determined by free market forces? Curious what others think. I'll admit I'm biased toward libertarian thinking and don't know much about the SBA. I also am of the opinion that government organizations tend to be both the 'hero' and the 'arsonist'.
  • MS
    Matthew S.
    5 April 2020 @ 00:02
    Pumped for Venture Capital focused videos! Hope to continue seeing that in the future
  • LK
    Lauri K.
    4 April 2020 @ 20:09
    A very good interview, but as a libertarian, these kind of good intended pro-government individuals who understand technology really give me goosebumps. These are the people who well enable the authoritarian psychopaths in power to utilize the power of technology to gain even greater control.
  • RM
    Robert M.
    4 April 2020 @ 19:14
    He says emergency, wartime legislation is typically misguided yet idolizes FDR. Funny guy.
  • DN
    Dave N.
    4 April 2020 @ 18:24
    This is great. It is pure value added from RV. When I was at a large HF, these were the nuggets that were available. Great that we are be availed this type of insight!
  • mw
    max w.
    4 April 2020 @ 13:43
    Great video as always. Really glad to see your business is succeeding. Real Vision is the best.
  • xx
    xyz x.
    4 April 2020 @ 13:13
    Thanks for the great interview. The "wave goodbye to HIPA privacy" comment at the end is interesting. Also, it's interesting to see FDR come up again for "who would you like to interview?". That seems to be a common factor among some of the past few guests.
  • MS
    Marius S.
    4 April 2020 @ 12:16
    Thank you very much for a thought provoking interview! Both intelligent and passionate.