public companies

“When money is available at will at great valuations for these companies so that they can experiment and do autonomous vehicles and You know, when you spend five hundred million on a project that Wall Street just like, this is stupid, and why are you doing this…”

“Private companies are more volatile than public companies, in truth, we, like, pretend they're not at all volatile, and somehow their valuations are whatever happened in the last round some months ago.”

“A substantial percentage of the public deals have been private equity. I've seen numbers like 60, 70, 80, Maybe even 90% in recent years of public companies have been bought by private equity firms.”

“I do not think in five years the majority of companies that could go public will go public. I think being public will be an unfortunate consequence of scale.”

“It turns out that the number of public companies has been cut in half over the last 20 years.”

“I think the opposite. The opposite. Because if you kind of relate to what I've said, you know, I feel like I was kicked in the head so many times by now that, okay, I get it. And I feel when you're private, you know, you can try and ignore what's going on and …”

“On one hand, I see people excited about private companies because they build tools in the AI era that kind of captured the, what I've referred to as doing the work, but I'll tell you a secret. You know, public companies will do it as well. We're going to do it…”

“Very few public companies can effectively monetize AI, and that's why they're all in terminal decline. Almost all of them at the moment are in terminal decline.”

“For public companies, the only thing that really matters to me is, are they growing net new logos, 15% or more a year?”