This episode is sponsored by, NEAR and FTX US.

On this edition of the “Weekly Recap,” NLW looks at why venture capitalists are not only recommending their companies batten down the hatches, but wondering if the fundamental assumptions of their industry will hold in a new monetary era.

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Smith Collection/Gado/Getty Images, modified by CoinDesk. Join the discussion at