Gil: Dozen billion-dollar companies will be created by API-ifying internal software
Elad Gil · a16z Podcast | High Growth in Companies (and Tech) · Jan 2, 2019 · at 25:07
Investor Elad Gil discusses second-wave SaaS opportunities during a conversation about technological trends with Chris Dixon.
0:00 / 0:08exact quote · 8.8s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“I still think there's a dozen billion dollar plus companies to be created where you're just taking something that everybody's building internally over and over again, and you're just turning it into an API.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Elad Gil
Gil: Half of private unicorns are not worth $1 billion
“I would posit that about half of the unicorns are not worth a billion dollars or more. In other words, 50% of the companies that are valued in the private markets as being worth more than a billion shouldn't be worth more than a billion.”
Gil: Structured late-stage venture deals are debt masquerading as equity
“On the late stages, some companies start building in very complicated structures and because they want that very high valuation, and a firm may be willing to give it, but then they build in extra preference or participation for the investor, or things that eff…”
Gil: Semiconductor layer provides the best way to index machine learning
“It's a way to effectively index machine learning, because I think it's very hard to invest in, quote, unquote, a machine learning company.”
Gil: Nobody is currently building scalable apps on Ethereum
“Nobody's really building scalable apps on Ethereum right now.”
Gil: Most current crypto projects will go to zero
“Most crypto projects from today are going to go to zero. There's a few that are going to be incredibly valuable and already are, and that's going to grow, but I think most are going to go to zero.”
Gil: Founders should hire executives for 12 to 18 month horizons
“You should always be thinking of the person as the right person for the next 12 to 18 months, not the person for the next five years, and so I think a common mistake is that people will end up hiring, you know, they'll have a twenty-person engineering team, an…”