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Brad Gerstner

15 statements across 1 episodes · 6 bullish · 0 bearish · 1 people on the record · first statement Mar 15, 2022 by Brad Gerstner · said 4 times in 4 episodes since 2022 · across every show →

On the record as a speaker too: Brad Gerstner's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by Ben Gilbert (3), Jason Calacanis (1)

tap a year for its mentions
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2023 2 mentions in 2 episodes 1 per episode
2022 2 mentions in 2 episodes 1 per episode

every mention, scene by scene, with the transcript →

Everything said about Brad Gerstner, oldest first

Mar 15, 2022 positive
Opinion
Gerstner: TCV's crossover vision was ahead of its time
“TCV Had evolved into almost more of a later stage, you know, venture firm. Yeah. Right. That, that held some public positions, but didn't have a hedge fund per se. So I think I had a slightly different view, but credit where credit is due. Their vision for whe…”
Brad Gerstner Mar 15, 2022 ▶ 38:34 Altimeter (with Brad Gerstner) · Acquired
Mar 15, 2022
Insight
Barton via Gerstner: Entrepreneurs focus on possibility, investors on probability
“Being an entrepreneur is the art of the possible. Right? You have to will things into existence. And he said, you know, you constantly think about what can go wrong. When you're an entrepreneur, oftentimes you have to suspend disbelief and just think about wha…”
Brad Gerstner Mar 15, 2022 ▶ 31:36 Altimeter (with Brad Gerstner) · Acquired
Mar 15, 2022
Disclosure
Gerstner: I day traded a $25K inheritance to fund grad school
“Now, my grandfather, who I mentioned, left me 25,000 dollars when he passed away. And I day traded that 25,000 dollars to put myself through law school and business school.”
Brad Gerstner Mar 15, 2022 ▶ 19:05 Altimeter (with Brad Gerstner) · Acquired
Mar 15, 2022 bullish
Disclosure
Gerstner: Altimeter's first trade in 2008 was buying Priceline at $42
“We launched on November first, 2008. The first trade I made was into Priceline at 42 dollars a share.”
Brad Gerstner Mar 15, 2022 ▶ 43:46 Altimeter (with Brad Gerstner) · Acquired
Mar 15, 2022 neutral
Disclosure
Gerstner: PAR invested $20M–$30M into Zillow Series B at ~$200M valuation
“I think, I'm trying to think the check size, we may have put in 20 to thirty million bucks, and if I recall, it was a couple hundred million dollar valuation.”
Brad Gerstner Mar 15, 2022 ▶ 37:23 Altimeter (with Brad Gerstner) · Acquired
Mar 15, 2022 bullish
Disclosure
Gerstner: Altimeter held its initial $42 Priceline position to $2,000
“I still owned it when it hit 2000 dollars a share.”
Brad Gerstner Mar 15, 2022 ▶ 44:03 Altimeter (with Brad Gerstner) · Acquired
Mar 15, 2022 positive
Insight
Gerstner: Developer software tools ramp slowly but become exceptionally sticky
“It takes a long time for those companies to spin up, but when those developer communities get going, they're incredibly sticky.”
Brad Gerstner Mar 15, 2022 ▶ 1:01:28 Altimeter (with Brad Gerstner) · Acquired
Mar 15, 2022 bullish
Insight
Gerstner: Tech companies will stay private longer and scale faster
“The private markets are becoming way deeper, way more liquid. Companies are gonna scale faster because the internet provides a network upon which they can scale, and they're gonna stay private longer because they're deeper pools of private capital. And we've m…”
Brad Gerstner Mar 15, 2022 ▶ 45:43 Altimeter (with Brad Gerstner) · Acquired
Mar 15, 2022 bullish
Disclosure
Gerstner: Altimeter tested beta Snowflake on its own data before investing
“Over Christmas I'll replace our data warehouse with this, you know, with Snowflake, which was non-GA at the time, right? It was in beta with a couple companies. Wow. And so we did that, and he's like, this is gonna win. Like, this is the winning arc.”
Brad Gerstner Mar 15, 2022 ▶ 1:02:51 Altimeter (with Brad Gerstner) · Acquired
Mar 15, 2022
Disclosure
Gerstner was the largest LP in Altimeter's debut private fund
“I was the biggest LP in that fund. By a long shot, because I wanted to get it, you know, upwards of a hundred million bucks. But that first fund, I think it had six investments.”
Brad Gerstner Mar 15, 2022 ▶ 51:15 Altimeter (with Brad Gerstner) · Acquired
Mar 15, 2022 neutral
Assertion Supported
Gerstner: Value legends did crossover investing long before the term existed
“Paul Reeder, who started Park Capital, was doing private investments before Brad Gerstner showed up. Seth Klarman at Bellpost was doing private investments, you know, before we coined the term crossover, right? David Abrams in Boston. So I had a lot of legenda…”
Brad Gerstner Mar 15, 2022 ▶ 32:58 Altimeter (with Brad Gerstner) · Acquired
Mar 15, 2022 neutral
Assertion Partly supported
Gerstner: Bill Miller sold his private Zillow shares back in 2008
“Bill Miller of Lake Mason famously invested in Zillow in 2000 and six or 2007, and then in 2008 sold all those shares back to the company because everybody was unwinding their private positions”
Brad Gerstner Mar 15, 2022 ▶ 44:40 Altimeter (with Brad Gerstner) · Acquired
Mar 15, 2022
Insight
Gerstner: VCs, not founders, bear the downside risk in startups
“In venture capital, if you fail, the risk is largely on the venture capitalist. I mean, in Silicon Valley, failure is on the part of the founder, so long as you conduct yourself in a way that's honorable, it's a badge of courage that you gave it a go. And we h…”
Brad Gerstner Mar 15, 2022 ▶ 9:08 Altimeter (with Brad Gerstner) · Acquired
Mar 15, 2022 neutral
Assertion Not checkable as stated
Gerstner: MongoDB struggled to raise its final private round at $1B
“When David Charia took over, you know, Mongo, I mean, it was famously hard for him to get that last private round of financing done at a billion dollars.”
Brad Gerstner Mar 15, 2022 ▶ 1:01:16 Altimeter (with Brad Gerstner) · Acquired
Mar 15, 2022 neutral
Assertion Contradicted
Gerstner: Database software market cap was roughly $1T in 2000
“In 2000, if you aggregate the total enterprise value of companies that were principally driving their revenue from databases, it's about a trillion dollars in market cap in 2000.”
Brad Gerstner Mar 15, 2022 ▶ 54:35 Altimeter (with Brad Gerstner) · Acquired
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