sovereign wealth fund

“If there's no going back because there are now these much larger firms that are institutionally investable that can take sovereign money and, you know, massive family office money in that trend, that wave is just going to continue.”

“I mean, sovereigns were not major players in the last cycle of VC and now sovereigns are everywhere.”

“Those are the LP of choice for the small early innovative funds. It's not a great trend because, you know, if you're raising a billion, you've long since stopped talking to Harvard in a meaningful way. You're actually talking to pick your sovereign wealth fund…”

“To bring it back to your point, it's also why you have to go to sovereign wealth funds because you need them. I mean, we're now so irrelevant in the context of financing this that it's almost laughable, right?”

“Maybe pension funds should be buying into all the big AI companies and making sure that everyone has a piece of that. Or sovereign funds. Maybe everyone, every country should have a sovereign wealth fund that does that.”

“Sovereign wealth funds and public investment corporations are looking for IRR. They're not measuring this in how many times do you X the fund.”