FAANG

“A lot of those people started their careers actually during Zerp, so they're actually sort of, you know, hanging on for dear life at both startups and Fang, and those are also, like, funny enough, some of the people who are the biggest AI deniers. Like, they j…”

“Like, I think when you hire out of, especially, not to pick on them, but I think if you hire out a fan, right, it's like people, People want like a 400 K a year job. They would like to work a certain number of hours. They would like to ship some code and then …”

“Yeah, financially speaking, most likely, yes. I think the expected financial outcome for the median one, probably, is probably higher, particularly if you get a job at the FANG with, you know, in Silicon Valley, those kind of U.S. Type salaries.”

“So many unicorn founders, all they have achieved is maybe a 2,000,005 1,000,010 million secondary exit, and they have nothing else to show for it. Now that is nothing. I mean, most people, good qualified people make more than that in a ESOP of a large, let's s…”

“I have a lot of public equities, and they're all, a lot of money in public equities, and it's all fang, and it's going to stay that way, because those are the best companies in history of the world, and why would you try to reinvent the wheel?”

“I think it's especially important for executives. I think that many executives are hired because they are to bring expertise of the next phase of organization to this company. So I, we're growing. We want to go after the next phase. We want someone who's has e…”

“Last year the market reached all-time highs in twenty-twenty-one as we were selling off, and it was the Fangs, it was Microsoft, it was Nvidia, and those, if you look at the Nasdaq 100, account for, account ed at that time, for nearly 50% of that index”

“Most people that get most jobs at Fangs, when you talk to them after they have the job, if they're, you know, get a couple of beers in them, they're working on some bullshit ad server. They're working on like one pixel on one corner of one thing. They're worki…”

“A lot of what you learn is how to use the tools of the FAANG, which you don't get to use when you don't work there anymore.”

“But I think at some point, the more time you spend there, what was once a good positive signal could turn into a negative one. Again, I can't speak for all investors, but at some point you lose the shininess of getting that validation as well as what team you'…”

“If they can keep you spending your entire salary, and if they can keep the money that you haven't vested yet larger than the amount of money that you have in your savings by like two to three X, you never leave.”

“In many ways, this is a defensive tactic to warehouse talent. Out of the fear that maybe someone else can use you in a way that can hurt the company.”

“If you're a good programmer, if you're a good programmer and you leave and you leave in a nice way, no matter what happens to you can come back. There's actually not that much loss you have to take.”

“If you're fighting the bonus head to head with no plan, bonus wins most of the time.”

“Cause like, if you think about like, we're like scratching our heads, trying to find examples of times that like a fan company launched a product that killed a fast growing, successful startup. So like clearly more often than not, like structural advantage isn…”

“I'm not sure the FTC is going to let those deals happen. So that adds a curveball in M&A that we have not had easily in a generation, which is this very, very restrictive regulatory environment where a bunch of the logical buyers, the FAANGs, for instance, are…”

“Our thesis internally is that those horizons and the growth rates of those markets are starting to pull back, and that you see a changing of the guard. And it's really the cloud basket, and we pulled out six names in particular with Microsoft, Twilio, Shopify,…”

“I find creators really interesting because they're kind of an analogy to founders where, you know, I don't want to go work at a fan company. I mean, you know, I made it through Twitch, but it was not, it's not the right environment for me, right? Like it's not…”

“If you go back for four years, Mount SaaS had an 800% return On investment compared to things, 330%.”

“The result will be that some very iconic companies are being built today that will be the Exxon's and General Motors of tomorrow, or the IBMs, and we've already seen a handful of examples. The FANG companies have already shown us what kind of upside is availab…”