Runway

“It's about seven years of runway right now.”

“I believe that the reality is that you want as much runway as possible in order to have as much leverage when you get into that A round.”

“I think being a, an outsider is both a blessing and a curse in the sense that it allows you to really reason from first principles. You discover everything and ask yourself why a lot. At the same time, you take longer than other people because you're just expe…”

“What I did before trying anything was I built from the ground up a neural network every single layer, every single function, activation function in between I curate the dataset, I train the model, and I built everything that I, Could get me a sense of how the …”

“At some point we thought, oh, we need, like, OKRs and systems because some, an investor told me once that that's the way companies do it. We tried and I was like, this is no. Why? This is the worst thing you can do right now. It's like, you don't need this.”

“These days it's on a weekly cadence.”

“A lot of the mistakes I've done in the past on hiring is that we focus too much on credentials or past experiences or people who came from all these lofty universities or companies and not on the folks who were hungry and who just wanted to do things.”

“One that I've been thinking a lot about is UIs don't matter as much.”

“We're a small team. We're 55 people, so we move super fast, and that's, that really matters. That's a competitive advantage.”

“We've released only a couple of days ago, this idea you can preview frames. And so when you generate videos, sometimes you're in the dark because you don't know exactly what might come out of it. It would be great if you can preview what's going on while the m…”

“And today we're recording this. We, you just change it. You can now generate 18 seconds.”

“And at the same time, we have more proprietary models as well, then we might never open source.”

“I had an investor that gave us a term sheet and we have them describe what Runway was, and we're like, that's not what we're doing. Just, I love your term sheet, beautiful valuation, everything else, but I don't wanna, that's not gonna work. I don't think we'r…”

“I think models are not a mode. Models eventually don't matter. What matters most is the people building those models, and how fast can you change and learn from those models.”

“I miss both hugging face and runway at pre-seed which is painful that both, both New York companies absolutely represent the thing I'm describing, which is they were building things before anyone actually cared.”