Everything Bradley Tusk said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Tusk: Universal Basic Income is the necessary unlock for AI
“The unlocked AI is UBI, Universal Basic Income. It's like Andrew Yang, I think, was absolutely right about this.”
Tusk: Trillion-Dollar AI Spending Is Driven by Short-Term Share Prices
“I at least have a suspicion that all of this massive AI infrastructure investment. So it's 1.5 trillion in 20, 25 projected to be two trillion. In 20, 26 is really about the short-term share price and valuation of the big AI companies, the generative companies…”
Tusk: Tesla Valuation Is Built on Elon Musk Narrative, Not Fundamentals
“Tesla should not be worth a fraction of what it's worth today, if not for The narrative and the belief by investors that Elon, and he is a genius, but like that Elon will just figure things out that no one can predict, including Elon right now, and therefore t…”
Tusk: High-quality startups generally do not need an investor's cash
“Like, any really great startup to get into typically doesn't need your money in the first place, right? Anyone who desperately needs your money There might be a reason why. I mean, occasionally there's a diamond in the rough that no one believed in, but genera…”
Tusk: Institutional LPs want familiar strategies, not truly differentiated ones
“What it turns out that institutional investors want to hear, they think they want a different, they say they want, they think they want a differentiated strategy. They don't. What they want is This is exactly what you already know and are comfortable with this…”
Tusk: Trump undermines core economic pillars that venture capital relies on
“Trump has undermined every single one of those things. So I would argue everything that makes the American economy great, that venture capital totally relies upon at the end of the day, is being undermined significantly.”
Tusk: VCs who participate in political favor-trading will regret it
“From a long-term American standpoint, I actually think that we're gonna, VC as a sector, for those who participated in this, unless they just made so much money and only just care about how much money they have and nothing else, are gonna really regret it.”
Tusk: AI Will Cause 25 Years of Uncertainty and Job Losses
“In a 25 year span, we'll be able to look and say, oh, AI unlocked all these new industries that we can't conceive of today, and all of these jobs, just like the internet did, just like the automobile did, just like the steam engine did, and everything else. Bu…”
Kalanick Mobilizing Uber Users Was a Historic Political Innovation
“If you have a product that people are really passionate about and you have the right means to mobilize them. You can turn your customers into political advocates and be big, powerful entrenched interests, right? Like I might've deployed that really well, and I…”
Tusk: Nuclear energy acceptance will rise as older generations exit power
“And so I think that as that group ages out of power there will be a lot more acceptance of nuclear again, because I'm pretty old at this point, and I'm still on the young side for this particular issue.”
Tusk: NYC municipal recycling ends up in the same landfill as trash
“As someone who worked in New York City government for a long time, it all goes in the same landfill.”
Tusk Is Obtaining Portuguese Citizenship to Hedge Against US Instability
“By the way, I am in the process of getting Portuguese citizenship right now.”
Tusk: Bloomberg and Kalanick are the two smartest people he's worked with
“The two smartest people that I've ever worked with closely are Mike Bloomberg and Travis Kalanick, bar none.”
Tusk Avoids Data Centers Because They Lack Significant Regulatory Moats
“I don't invest in them because there's no real regulatory issue. We'll get into it. That, I mean, a little bit of permitting and zoning, but not that much.”
Tusk: Fund II is at 3.5x on paper with no real DPI
“My second fund is seventy million dollars. You know, it's sitting at a three and a half X right now but has no DPI, a couple minor secondary things, but no real DPI yet.”
Tusk Only Backs AI Companies With Series A Valuations Under $100M
“A lot of the deals that I'm doing are in AI, but they're all really companies where the series A is still sub a hundred million dollars, right? We're right at a hundred million, which is still kind of high, but nonetheless not totally insane.”
Tusk: A decade to liquidity is the norm for seed startups
“Every startup that I invest in at C, like, I have no expectation of ever seeing liquidity for a decade, right? The seven year, I don't know where the seven year thing came from... A decade is the norm.”
Tusk Loses $1 Million Annually on His Manhattan Bookstore
“I lose around a million bucks a year.”
Tusk: Early Uber Advisory Equity Stake Reached $12M Valuation Following Funding Round
“And he said, oh, we just closed around your shares are worth twelve million dollars.”
Tusk Replicated His Uber Equity-for-Services Model With Clear
“So I did it again with Clear to get them to airports, and it worked out really well.”
Tusk Ventures Fund I Is Currently Sitting at a 5x Multiple
“Thirty five million dollars, but it's sitting at like about a five X right now.”
Tusk Will Never Make as Much Money on Any Investment as Uber
“I've made a lot of investments since Uber and some of them have been really successful. None of them are Uber, and I'm never going to gonna make as much money as I did on Uber and anything again.”