tech industry

“Software is kind of outgrowing the tech and technology is outgrowing the tech industry. Because technology is no longer selling technology as technology to people who are writing a check for it, while the people are using technology to build things that are no…”

“I think we think of, you know, the tech industry as being very mobile. Well, it turns out construction workers are actually far more mobile than those of us in the tech industry.”

“The compensation is massively loaded to stock, and it's massively loaded to people who stay there for three or four or five years, which is very different from the way it works in the rest of the world, in the rest of the tech industry.”

“Even if, you know, the, in, the tech industry starts to not do so well, or VC funding goes down, we're all still going to have this iPhone in our pocket all the time, and it's really permeated our lives, so people have an interest in it that extends far beyond…”

“But beyond that, it's incumbent on us to the next five years, we need to redesign how technology works so it actually people are safe if they're targeted, not just that they're lucky.”

“In our deck we basically show if you adjust for the IPOs that aren't happening and the companies are staying private, it's basically, it's almost a flat amount of money actually flowing into tech.”

“Coincidentally, mobile network operators revenue is about 1.2 trillion dollars as well. So, cars and mobile networks are about the same size, but much bigger than anything in tech.”

“So I don't think we can talk about what others should be doing if we don't solve it in our own industry, quite frankly.”

“I think, you know, one of the things, you know, if it turns out that the tech industry, that the answer for them on policy questions is to build up a giant lobbying system, Set up an apparatus in the nature of like the telcos and the pharmaceuticals and a numb…”

“The sort of the tech industry is kind of like a solar system and smartphone is the sun and everything else orbits around it.”

“You have legislators, and you have regulators, and they're called that because they like to legislate and regulate. That's like the default, that's the default setting. And so, you know, whatever you're doing, that's what they're going to look to do. Legislate…”

“Sometimes people who are involved in the tech industry kind of get very romantic about how quickly these great technologies are getting absorbed. But in reality, life is messy. And some of these technologies take a while to be used efficiently and some of them…”

“The nature of the economics of the tech industry is that over time, the mistakes of omission end up being much bigger. Mistake of commission is you can lose one X. Mistake of omission is you can lose a thousand X, because that was the upside you could have got…”

“In reality, the main form of disruption that happens in the tech industry are tech startups attacking tech incumbents.”

“The most vicious battles in tech are not between what economists call substitutes, they're between complements”

“If you look at kind of all the economic statistics by sector, healthcare, education, housing are basically increasing you know, in terms of cost, you know, at a much faster rate than the, than all the others. And they're the sectors where the tech industry has…”

“On the other side of this kind of change, typically what happens is a much larger industry with like way more employment, way more output. And I, I'm a hundred percent convinced that's what's going to happen for sure in the tech industry and for sure in, in, i…”

“Politics in the last four years have had a much bigger impact on, on the tech industry than, Certainly any other period in my life.”

“For decades, it was very taboo to say you were building only for one country. Tech was by its nature global.”

“So the tech industry will spend more on power generation than the power generation industry, because the power generation industry in the US is largely regulated, slow moving, crawling along, you know, have broken markets.”

“After the 2012 election, right after Obama's inauguration, you can date it to right after that, because even in 2012, like, New York media and so on was saying there's no such thing as a brogrammer, ok? You can google that article. So 20 12, tech was part of t…”

“The journals only get traffic for their articles when they get rage views from us.”

“One of them is the traditional media just turned on tech and it hates tech.”

“I think, I hope it's not the case, but I think there might be more fracturing in the months ahead.”

“We've really seen the tech industry kind of come to the side of free speech in ways that it hadn't before, Catalyzed significantly by Elon's purchase of X”