U.S.

“So our investment strategy is purely U.S. Focused. We don't invest, you know, in local market Companies for local markets.”

“We quit Foursquare end of 2012, and we had to go back to Europe because we didn't have any visa at that time to stay in the U.S. Because we were just, we quit our job, so we had to go back in Europe in the winter of 2012, and then we launched Sunrise February …”

“Europe is producing more STEM students every year over the last 10 years compared to the U.S.,”

“When we invest outside of the U.S., which is a minority of investments, it's like 30%, or not even these days, around 20, 25% in, in non-U.S. Markets”

“But actually, the reality is, over the last two years, I've co-founded four more startups in the U.S., and my day job remains Being operational in startups that I found.”

“Today there's close to 300 you know, globally, of which 225 are here in the U.S. And there's another 50 to a hundred that are fundraising.”

“In the U.S., the average kid graduates with around 30 K in loans.”

“There's eighty-three million dogs in the U.S., which is more than there are kids, by the way.”

“The pet services market is fifteen billion dollars in the U.S. And completely fragmented, where nobody has even a couple points of market share, so it's a wide open opportunity.”

“There is a little bit above ten billion formal meetings being set up in the U.S. Alone Every year.”

“I mean, we're bullish on that because it's obviously better margin for us, but it's a U.S. Phenomenon primarily, and maybe a little bit in the U.K. In other markets, it's still very much brick and mortar, and so you have to take an omni-channel approach.”

“I think we can try to take what works in the U.S. And impose it upon other countries, but it's much, much, much better to start in those other countries and grow from the ground up, truly appreciating all the cultural nuances that might not be obvious from the…”

“From day one, We had more customers in the U.S. Than anywhere else.”

“80 to 90% of these ICOs are raising more capital internationally than they are in the U.S.”

“The U.S. Spends about 18% of GDP on healthcare. You know, Germany, Japan, Switzerland, other rich countries in the world spend maybe 10, 11% on healthcare, and those countries, by the way, tend to not have single-payer systems either.”

“Today, we have over 450 micro VC firms in the U.S. Alone. If you look globally, that number is close to 700.”

“So I started YouNow, which became the largest mobile live streaming in the U.S. In 2015”

“China, the online e-commerce market is roughly about one trillion dollars a year across the benchmark this year. In the U.S., it's well over half a half a trillion.”

“There's a lot of similarity between a Gen Z consumer and a millennial consumer in the U.S. With China. And we're seeing similar users coming up in India, Indonesia, Brazil, Eastern Europe, Western Europe as well.”

“If you believe that talent is evenly distributed, and you're only looking at the U.S., you're going to miss, like, 95% of the best founders.”

“There are a hundred million women in the U.S. Who are size 14 or above, which is what the industry classifies as plus size”

“There, you know, there are now two and a half thousand plus seed funds operating in the U.S. With a large focus on being on the Bay Area. What that means is, you know, there are probably too many dollars chasing too few deals Which has driven the cost of both …”

“These are global trends and really for the first time are flattening technology markets so that the interplay between China and the U.S. Where we're focused and other markets as well is as vibrant as it's ever been, and that's where I think some of the folks W…”

“There's only 500 infertility clinics in the U.S. And only about 2000 reproductive endocrinologists, which are IVF doctors.”

“European entrepreneurs have that discipline because they're required to have that discipline, that you don't have the size of market and the cohesion of market that you have in the U.S. And so you really have to nail that regional example and experiment first.”

“Getting a banking license in the U.K. Is doable, and getting a banking license in the U.S. Is very hard, takes quite a lot of time.”

“We're going to see a lot of the neobanks coming to the U.S., I suspect, in the next year to two years, and I suspect that we'll see a lot of U.S. Companies coming to the U.K. As well, where they'll be launching more neobank-like products.”

“Complaining only 40% of our users today are based in the U.S.”

“There's twenty-nine million small businesses just here in the U.S. I think that it's a variety of key players looking to evolve, and if anything, this is going to be a strong partnership market before it would ever be a winner-take-all market.”

“We're seeing 90% plus actual decent education concern rates about basic online privacy things, and about 30% in the U.S. And other major markets are people who have actually tried to take some significant action to protect themselves online.”

“We've built an incredible foundation that now has the ability to serve About 60% of the annual inflows of newcomers to the U.S.”

“The U.S. Has a better underlying rate of growth and more economic vitality. On the other hand, I think that the U.S. Lacks the national leadership, which might be required to get us through this. My guess is that the, well, in this little instance here, I'm go…”

“The U.S. Infamously has a trillion dollars of credit card debt.”

“At least in the U.S., there's probably around a hundred banks that have more than ten billion in assets.”

“And they have like, what, 35% of the college graduates and China are engineers. That number in the U.S. Is like five”

“Hasn't happened yet in terms of how a business pays another business or how B to B payments are being done, and I remember this one number that I shared with Michael that I read the Federal Reserve research that indicated that there are around 18 trillion doll…”

“And critical mass in the U.S. Is probably around between five and ten million users. You need to get there before you can get the first dollar of advertising revenue.”

“When you look at our portfolio, there are many companies that have IPO in their sites over the next 24 months. So there will be many more coming in the U.S.,”

“So if you look at U.S., there's at least 300 cities with a population of 100,000 or more. That's the first year. We should be at least in 300 cities. ASAP in the U.S. I don't know how long it will take.”

“There used to be 5000 seed-funded startups per year in the U.S. That would raise 500 K or more, and last two years, it was over 15,000. It was between 15 and 20,000.”

“My LP base is 90% U.S.”

“That being said, I've met many more investors that I'm impressed with in the U.S. Than in Europe, right?”

“Europe is probably 10 years late compared to U.S. And China, and with a new regulation, we are probably going to take 50 years more.”

“10 years ago, VCs in Europe were all from the financial industry, you know, there is nothing about financial industry, finance in being a VC, a little bit, of course, but it's mostly about entrepreneurship, and so 10 years ago, all the VCs I was working with i…”

“If you take every coal plant in the country and it's boiler, the coal boiler or the natural gas boiler is replaced every five to 10 years. They deteriorate pretty quickly. If you could replace it with a fusion boiler, you wouldn't have to build 5000 new power …”

“I think that level of complacency in these industries, in these big countries, has stopped innovation and have permitted that a lot of these emerging markets, these technologies have leapfrog to a place today where, where Brazil, China, India are ahead of U.S.…”

“And with DoorDash being the, clearly the market leader in most of the U.S., but not in California and certain regions that That are very attractive. Where we were the number one.”

“I think they were 10 years ahead of the U.S. On AI and psyops using TikTok. I think they were 10 years ahead of the U.S. In sophistication of how to manipulate the minds of young people.”

“The U.S. Put a banner on Nvidia chips going to China. I don't sense that it slowed China down in a meaningful way.”

“The other thing is the process versus initiative. Like, I think if you go back to that spectrum that I described, like, you can get stuff done with initiative or process, and you come to the middle, I think my experience is that, again, this is generalization,…”

“You know, this is actually one of the things that I had to adjust, is that for every let's say, 20 maybe 10, 20, if it's specialized role, candidates that you get in the U.S. That are solid, maybe you get one in Europe. And that actually really slows down your…”

“So, the necessity, when it comes to embracing innovation To cooperate with the VC world and VC-financed innovation is way, way higher in, in Europe than it is in the U.S.”

“So basically, first we need to roll out our U.K. Bank so go through all these mobilization conditions, and then put our U.K. Customers on the bank. As soon as we get it done, it actually unlocks us or our ability to apply for license in the U.S.”

“I actually think the U.S. Will be benefited by a substantial reduction in regulation because the kind of like the, okay, for every new regulation you want to add, remove two, as a way of kind of modernizing and refactoring versus just decreting”

“The trade wars will create a massive drop in prosperity in the U.S.”

“I think in three to five years, I would like our technology to have been used to solve two important societal problems. I would like it to be used to have found a therapeutic for, ah, an affliction that, that impacts more than a million people a year. I would …”

“Increasingly if you are absolutely, if you are a 10 to twenty billion company, don't go to the U.S. Because you'll get lost.”

“I think by all, like, I think by all measures, like the U.S. Is winning. If you look at, like, all the AI products, like, ChatCPT is the most used, ah, AI assistant in the world, and sure, you can talk about, like, oh, how about DeepSeq and this and that, but …”

“I don't think it'll happen as quickly as people think. There's still, I think, 60% of all adults in the U.S. Have never talked to a chat model, like, at all. And that's the U.S. Like, just go to Europe, I'm sure that is even higher.”

“In a way, the best thing that could happen to Europe is if the U.S. Made it really hard to immigrate for founders. You know, if they made it really hard, if they restricted immigration such that you know, people like me couldn't, couldn't move there anymore, t…”

“For the first time in our nation's history, a thirty-year-old isn't doing as well as his or her parents were at 30.”

“Every year in the U.S., we spend 12 dollars on seniors for every one dollar we spend on kids.”

“If you were to try and come up with three or four reductive reasons why the U.S. Has created so much more economic value than Europe, I think if you're intellectually honest, you would say that in the U.S. Companies are allowed to ask for forgiveness, not perm…”

“They're, you know, they can be as big, if not bigger than anyone in the world, and I think Revolut is probably, you know, one of, if not the best neobank in, in the market in, in many ways. It's, I think, better than anything, you know, in the U.S., for exampl…”

“We're opening up our new office on Manhattan this week. It's gonna be a 150 people. We've got three more offices in the U.S. Opening this year.”

“And the U.S. Has, by revenue, become our biggest market.”

“Yes, definitely. Yeah. The U.S. Has the access to, by far, the most cutting edge techniques and facilities and drugs. Than the rest of the world. And they are willing to spend a lot more in order to preserve life.”

“Taking away advanced capabilities from U.S. And European corporations such that their only recourse is to use a Chinese open weights model seems a little like, you know, Jason said it right, shutting the barn door after the horse is bolted.”

“I don't really see them banning the use of Chinese models in the U.S. I don't think it makes sense for them.”