finance

“In 78, I was asked to start a high-yield bond fund, and high-yield bonds have been the, shall we say, epicenter, although it's an advised word today, for almost everything that's happened, interestingly, in finance in the last 40 years.”

“I think of growth like One may think about finance at a startup. And what I mean is finance as a startup is responsible for measuring the flow of capital in and out of the business and hopefully contributing ideas to optimizing the flow of that capital, earnin…”

“And the idea was that employee data, because it's a lot more distributed, we think, than just the HR department and HR business systems you know, companies need a system that manages employee information. In a way that's not merely just about HR that sort of a…”

“I will say scale is an unsolved problem in, in venture capital. It's a solved problem in finance because, you know, you don't have conflicts. Every asset's fungible.”

“I think if you're in. Like finance or healthcare, you'd probably be completely on-prem for the foreseeable future.”

“If you look at finance and how fast, ah, Excel went to 90% market penetration in finance. 1985 to 1986. Literally 18 months to 24 months, Excel took over all of finance. Everyone switched from using a calculator, the HP 12 C, to using Excel.”

“And so finance is the slowest moving, most lethargic, you know, ah, Leviath. It's the worst possible customer base to go after. Unless you're providing outsized alpha or real value. In which case, the minute that there's something real, Finance moves faster th…”

“B to B apps are not winner take all markets. Whether you look at HR or finance, CRM, they all have multiple players.”

“There are other functions, like executive assistants, chiefs of staff HR team members, finance, like, some more junior finance team members that don't, there's, don't have that much AI in their day-to-day. They, like, really don't. And a lot of their workflows…”