Remember early 2016?

Tech stocks had one of the worst starts since the dot com bust.

No one thought Donald Trump would get the nomination, let alone the Presidency.

Everyone still thought (Pando investor) Peter Thiel was a harmless, lovable, eccentric contrarian.

Uber was still claiming it was winning in China.

And nearly every VC -- and outlet quoting them-- was insisting that any moment venture capital was about to correct leaving a generation of founders who’d only known good times and negative gross margins in a redux of the year 2000...