Technology Companies

“In technology, you miss one trick, you can survive. You miss two tricks, you're partly impaled. You miss three tricks, you could be obsolete.”

“Companies are staying private longer than ever.”

“The number of a hundred million dollar revenue business growing 40, 50% has grown 10 X because more technology, more people taking risk in more places.”

“I think the largest, most sophisticated technology companies in the history of the world That have built money printing machines are all singularly focused on clean firm power for their data centers. It is the top ranking, single most important issue for them.”

“One of the most important things that Elon has been able to do over the last many years across multiple companies, like, his real genius is matching enormous amounts of capital with technology companies, right? Like, that's what he does. That's what the market…”

“Whatever you do that's great technology. Celebrate it, get it working, and then replace it. If you don't replace it, then you're going to competition as well.”

“At that time, that's around 2017, a lot of technology companies decided to stay in the private market much longer than, you know, before, like you have Amazon went to the public market when it was only three years old. Nowadays, you have technology companies, …”

“If you look historically 35% of the S&P is made of technology companies. 30 years ago, it was none, right?”

“I kind of believe like the way you build distribution is like brand is like really, really important. And most technology companies do not invest in brand.”

“So, 10 trillion of annual spend will get created for technology companies over the next decade.”

“And I just realized that the half life of big knock technology companies is not as long as we often think.”

“I would imagine that like five or 10 years from now, it's actually much simpler. We're just at this inflection point where this hasn't really been done like this before.”

“While turnarounds are difficult in any circumstances, they are doubly difficult in a technology company.”

“The other thing he pointed out technology companies, they're not overrepresented actually.”

“And I think we're gonna see that, like, literally come to, like, building nuclear power plants, right, in, in the near term.”

“Is that those stories and studying the LVMHs, the Costcos, the Nikes of the world, if anything, that's like even more important than studying the great technology companies for building a great technology company.”

“I think one of the traps that I see with technology companies or executives in general is you lose touch with the outside world. You know, San Francisco, it's a bubble here.”

“What's going to happen is that with all of these different bodies issuing new regulations, it's going to get more and more burdensome on technology companies until the point where they cry out for some sort of rationalization of this regime. They're going to s…”

“Don't be surprised if technology companies become much larger in the future, because what you produce is something very different.”

“Most exits of technology companies are sub- two hundred million dollars, so you read all of this sort of VC survivorship bias in the media.”

“And that combined, you have roughly about a trillion dollars in GDP, that probably over the next 1020 years, 20 to 30% of that is up for grabs by technology companies that can service that revenue base.”

“Do not make this a game of linear expansion. Do not say, hey, I'm going to have a productivity metric that I assign to salespeople in my organization. I'm going to all, I'm going to just keep hiring salespeople as I want to scale revenue, and one day end up li…”

“I mean, one critique you could make of Buffett is he just totally ignored technology, and technology not only became much more pervasive, but I also think that, I mean, he's an incredibly smart guy, and he understands lots of different elements of business, an…”

“Far too often, not so much recently, but particularly, you know, until a few years ago, the argument from technology would not, technology companies would not be, no, this is the only way we can stop China from reading your emails, or the only way that we can …”

“There is an explicit decision that technology companies can make to be able to review content from certain kinds of accounts and start to build a cluster and a distribution of risk. It is possible. I helped build one for one of these companies.”

“Value isn't necessarily things that are cheap. Value is things that are things that are valuable. And over the last 15 or 20 years, what was once a question is now definitive, which is that the things that are valuable tend to be technological, because they're…”

“The kind of companies that we look for as a start, they are companies that Are in the technology space and that they're burning money. So they're not profitable. There's still a cash burn for growth, et cetera.”

“I don't really believe cash is a moat generally across technology companies. I think cash follows progress, not really predicates it.”

“Businesses that have a lot of PP&E. Are generally going to do better in an inflationary environment.”

“If the last phase of technology was characterized by companies selling technology, I think the next phase will be characterized by technology companies selling services.”

“You know, increasing the solution set and giving people new choices, that's how we're gonna ultimately solve the problem.”

“Technology companies, startups tended, and still tend, I mean, for understandable reasons, to kind of shy away from things, from problems that sort of, ah, where you have to solve a lot of hard problems in multiple domains.”

“Technology companies, I think, often have a sort of go it alone mentality. We'll build it all in-house. We'll do it all ourselves. We can do things better than ever in the outside world. Whereas we thought that Stripe would only be possible, and it would only …”

“We are seeing PE firms get more and more involved in technology companies that had profiles that they normally wouldn't go after, and because of the sheer amount of capital that's out there, being willing to pay multiples and valuations that also are unprecede…”

“We think that if you just look historically at many of the great, you know, important technology companies of the last 50 years, hundred years, many of them are run by their founders for decades.”

“There's no local technology business. Like, you never compete with the guys in California. You're competing with the people in China, India, New York, everywhere.”

“A lot of the technology companies use the laws and regulations that we have created to both encourage business and protect consumers. And now they're using those, our laws and regulations as models around the country.”

“The lower bound of what come, what technology companies have IPO'd at with regarding to transaction size is roughly, you know, 35 to forty million dollars.”

“Technology companies, startups tended, and still tend, I mean, for understandable reasons, to kind of shy away from things, from problems that sort of, ah, where you have to solve a lot of hard problems, In multiple domains.”

“Technology companies, I think, often have a sort of go it alone mentality. We'll build it all in-house. We'll do it all ourselves. We can do things better than ever in the outside world.”

“The data is already in the hands of these technology companies, so that's definitely going to continue, and I'm hoping that the regulations will impose enough sanctions so that these big, ah, you know, internet giants are actually allowing more control of an i…”

“So as a result, if technology companies and government organizations, the biggest players in the big data game, Are going to take issues like bias and fairness and inclusion seriously. They need to hire social scientists, the people with the best training and …”

“And I think what you're saying is banks are reeling from like all this regulatory changes, but at the same time with technology, they're just not able to keep up, and you're saying the face of the new lenders of tomorrow are more technology companies and less,…”