8VC

“So ABC, we've done away with all that. We've incentivized collaboration. So there's no concept of this is my deal or your deal. I might have responsibility for certain aspects of it because of course there needs to be Delegation. But there's no concept of rewa…”

“I think they are, but just barely. And I'm not sure that on the sort of for the best companies, they will be set up.”

“On the investment side, I am not the single decision maker. We have a full investment committee. We vote. The only rule there is that if I vote against something, it requires like a super majority to overrule me. But in general, we go by majority vote.”

“I think when I first started the firm almost a decade ago, we were like 90% investing around here. I think the number is somewhere around 60% now around here, maybe, maybe kind of mid, maybe 60 to mid-sixties, and I could very easily see it going down to 40 or…”

“We've told people, as much as you can, get 18 to 24 months of cash. As much as you can, just your business is slow. This is all about survival. Assume the worst and do your best to survive in twenty-twenty.”

“Both our investing and our entrepreneurship, we're looking for conceptual gaps in the world, right? We're looking for areas where here's what it is now, and here's what it could be. And then very often times these gaps, you can think of them as opening up as n…”

“So probably on the order of really only like a fifth of our capital will go towards it this time, give or take, and that's a very high IRR area.”

“One of my rules is if McKinsey could have written this, that might be B or B plus work. It's not good enough for APC. It has to be something that's out there enough that McKinsey would have been maybe uncomfortable publishing it or writing about it.”

“I've kept the fund the same size the last few times, just because it doesn't seem like I'd have time to do more than we're doing right now. So I think six 40 every two to three years to me is about right for what we do.”

“It's hard to say whether or not it's outperforming the rest of it. It seems both sides look like they're in the thirties right now.”

“For series B's and C's and D's, you have to have some really special unfair insider advantage where they're just willing to give you a much better deal or willing to work with you before going to market if you're going to be doing those types of investments. O…”

“I say the vast majority of what I think, as you could tell when you go and look at things that I've gotten in trouble for now, it hasn't stopped me from building many, many billion dollar companies. It hasn't stopped me from raising a lot of great funds becaus…”

“We've identified about 12 areas like this where we think there's gonna be more than a hundred billion dollars pulled out of those areas in terms of being able to go after them and create more efficient things.”