tech companies

“And so in the last five years alone in the valley, the tech companies have hugely increased their focus on their internship programs. And basically the goal is to get all of your best students as interns and then be able to basically get them locked in at leas…”

“In any given generation of companies, there's three or four or five that are kind of clearly top of the heap. You know, kind of have, you know, they're kind of at scale and are doing very interesting, important things but have not become kind of classic big co…”

“So the way that I think about this is that tech companies are actually becoming the entry points to banking. It's no longer the checkbook or the checking account. I mean, that's still very, very important, but I think the balance of power is going to change he…”

“We're seeing just a real wave of talent, of people coming out of colleges, and tech companies, and other places, and saying, you know what, I'm sort of tired of living on this other continent, it's all filled up, and it's gotten kind of mature, and mainstream,…”

“These companies that for a while were these little startups that, you know, were, funny, doing funny things out here, and you could bring your dogs to work, are now these huge monopolies, in many cases, with a ton of power.”

“And if you're just going to do a single product and then sell the company, you're never going to build a big, valuable, enduring company.”

“And it used to be that they go public early on the curve, and there's way more growth to come, and now they're going public when they're almost at the end of the curve, and so if you buy it in the IPA, well, you've kind of got all it's ever going to be.”

“The opportunity that would have topped out at a half billion dollar company 15 years ago is now topping out at a fifty billion dollar company. You know, the scale of the business that it's possible to raise is so much bigger, and therefore the hyper growth per…”

“So a lot of tech companies have really been operating very well without our interference, and so the first time, you know, when we meet, you know, whether it's tech meeting government, there's like a cultural divide. Well, the cultural divide exists because we…”

“In the last five years alone in the Valley, the tech companies have hugely increased their focus on their internship programs. And basically the goal is to get all of your best students as interns, and then be able to basically get them locked in at least a ye…”

“Tech companies are getting a lot bigger, so they're not flying under the radar of government anymore.”

“I think it's actually led to a really dangerous culture in the Valley and in tech companies in general, where there's this pressure to get as many patents as possible, as quickly as possible. And then what you end up with is a bunch of really crappy patents an…”

“Athletes and entertainers wanting to work with tech companies has become a vanity play where it's the cool thing to do, and a lot of people don't understand what goes into that.”

“I firmly believe that we're going to see something similar in banking. We'll see tech companies own 30, 40% of banking in, in, in 10 years time.”

“One of the biggest issues I run into in tech companies, no matter how big they are, how successful or how they're great they are, is there's no time for not having a real conversation about this is how you fucked up and this is not going to work. Let's figure …”

“And that tech companies, when they run that way, it's generally disastrous.”

“My view is that the pendulum has actually swung too far now in the direction of not going public. Like too many companies are now staying private too long.”

“I think it diminishes the importance of the briefs to the court because it starts to become more just like how, and you have plenty of the, plenty of groups like that on both sides of the dialogue in cases that you know are going to show up, and they're going …”

“I really think the fourth branch of government at this point are tech companies, and I think that they have the resources to move fast enough. They have the public reach.”

“But they all revise history to make it seem like they did. Because you want to buy products from a company that intended to sell to you.”

“Most of the really great companies, like forget about successful, but like great companies, companies you admire in tech were all run by their founders for a very long time.”

“There was a lot of optimism, optimism around technology back then, but today I think The opposite is true. Like governments, consumers they see tech companies as the old oil companies. There's antitrust issues, user privacy issues. People don't trust tech comp…”

“As these new tech companies have built these big research labs, they have pulled a lot of the good faculty out of the universities. And by the way, that process I think is accelerating in AI specifically because the capital needs to actually do modern AI are s…”

“I think the black pill is I don't think most PMs know how to do that. In fact, many companies have zero people that know how to do that at all in any function.”

“And so the same thing, by the way, is happening in the global fixed income market dominated historically by 10 large banks. It's about to be dominated by five large banks and five large tech companies. As much concentration as exists in the equity market, That…”