market

“One of the biggest problems with internal capital allocation inside a company is, Very rarely do CEOs have access to true opportunity cost-based prices. And the market's really good at that. The market's really good at saying, well, if you're going to use my f…”

“I think my level of like where you really get something is when you can understand the contradictory views that exist within the market.”

“If you get inflation at three percent a year, nobody wants to lend money out at one percent a year, because what they're doing is locking in a two percent a year loss of purchasing power. And the market would demand positive real rates.”

“At the end of the day, you can't be bigger than your market, but you might be able to expand Expand your market by redefining it, or you may be able to move into adjacent markets, and therefore, the ultimate opportunity is much bigger, right?”

“The tailwinds being important, because if you have tailwinds for long enough, any market will eventually be large enough”

“In my view, market comes first. And I think if you have the right model and the right product in that market, I think that's more important than ultimately the team.”

“Market is the single most important thing. If there are externalities that can kill a company that you can't control, no matter how good the founder is, it's not gonna work.”

“If a good manager meets a bad business, it's the reputation of the business that remains intact. I think the same way about a market. If a really good founder goes and tackles a really crappy market, that market's still going to be crappy.”

“I tend to agree. I think that markets are significantly more markets are huge, huge, huge input into outcomes, particularly in venture.”

“Founder is first, because if I know who they are and I know what they've done and I invested in quite a bit of the trade shift alumni, right? That's the first, but then today I would say market, and I probably flipped it before and said traction and then marke…”

“I know everyone said they did more deals, but I didn't see enough greed in the markets in 2023.”

“The market determines how big a company can get. The founder determines how big the company will get.”

“I'm making a bet. I'm actually making the bet it's higher. I'm all in on the market. Wow. I'm betting your twenty-twenty-six number, even though it's not really consistent with reversion to the mean for gains of public activities, right?”

“What the market is saying to me is, the company is worth zero.”