Why a Do-Nothing Congress could be great for markets | E2359

Jason Calacanis and guests D.A. Wallach (Time BioVentures), Elana Gold (Two Roads Capital), and Tomasz Tunguz (Theory Ventures) dissect the post-midterm landscape after Democrats swept Congress. Despite initial market turbulence, Wallach argues that legislative gridlock might actually calm markets by removing the threat of destructive policies. The roundtable then explores what split government means for tech: data centers becoming a political target, a narrowing M&A window, and the risk of an intergenerational rift between AI incumbents and young workers. The episode also covers Sequoia’s rollback of its Scouts and Arc programs, the SPV “boiler room,” and a series of recent startup moves.