Everything James Currier said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Currier: Nvidia and big LLM training companies will eventually go to zero
“So both Nvidia and all of these giant LM companies who are spending all this money on training are going to go to zero eventually.”
Currier: MrBeast relies on weak scale effect and is vulnerable like BuzzFeed
“That's a scale effect. And it's a very weak one. Yeah, no, he's very vulnerable. Just like Buzzfeed was very vulnerable and wasn't going to go anywhere.”
Currier: Unlimited AI processing will run on phone CPUs within four years
“AI is going to be like water. You're going to get free unlimited AI processing on your CPU. On your phone within three to four years. There's no doubt it's going to free”
Currier: Sell Nvidia, buy Google and Microsoft for their distribution
“Oh, I mean, opinion is that I would sell. Yeah. NVIDIA compared to long-term, I would still be a Google and a Microsoft buyer because of the distribution.”
Currier: Zuckerberg's virtual world is still behind 2003 Second Life tech
“What Zuckerberg is trying to do right now with his virtual world is still behind what Corey Andreka and Philip were able to do with the technology in 2003 and four.”
Currier: Speed is the single biggest determinant of founder success
“So the number one thing that it rolls up into is speed. So you could lay out 16 characteristics that you're looking for, but all of those lead to one thing, which is speed. And so if we measure speed when we're meeting with the founders, that's the main thing …”
Currier: Stan Chudnovsky and I have never lost money for investors
“Stan and I have never failed. We've never lost a dime for anyone. We've always made people money for the last 25 years”
Currier: 85% to 90% of all tech returns originate from the Bay Area
“Why is it that sort of 85, 90% of all returns in tech have come from the Bay Area? It's because the mindsets here are slightly different from New York and London and LA and other things.”
Currier: Consumer software window closed in 2014, producing only ten unicorns
“Between 94 and 2013, it was a fantastic time to start companies in the consumer software space and invest in them from seed or series A. In 2014, the window just closed. You can look at the number of unicorns created in two th from 2014 to today, and it's real…”
Currier: Digital world has only four defensibilities: brand, scale, embeddedness, networks
“And it could be a network effect, it could be an embeddedness, it could be a scale, or it could be a brand. Those are the four defensibilities in the digital world that now exist.”
Currier: Pick product naming and language before building features
“Pick the word first. And then figure out what the product does behind the word, because the word has a promise to it.”
Currier: Leaving California to save on taxes is short-sighted
“If I'm, you know, if I'm not good enough to play in the NBA, I shouldn't be in the NBA. Right. But this is the NBA. And so a 13% tax on being able to play in the NBA is nothing.”
Currier: Consumer AI startup window will stay open for 3 to 4 years
“I think that AI has created a whole new set of consumer experiences. I think the window there will be open for three to four years for people. It hasn't even really started.”
Currier: Commercial space startup window will begin closing in 3 to 5 years
“I think the space window is still open for another three to five years. But it'll start to close here soon, because remember, SpaceX started 20 years ago.”
Currier: Network Effects Are the Only Software-Native Defensibility
“The way we look at it is the network effects is really the only one that's native to what we're doing, and therefore it's the most powerful.”
Currier: Messaging Network Effects Will Outlast Social Networks Like Facebook
“Facebook may be around in 10 years, but it might not be, but it's pretty clear that messaging will be around because we're always going to be able to scan text with our eyes. That's a good interface for us. And so messaging is probably a longer term thing for …”
Currier: Speed, quality, and hiring drive giant tech outcomes, not timing
“And that formula of speed, quality, and then hiring in a superior way, that's what makes your giant sort of outcomes in these tech spaces. And I, and first mover isn't typically correlated with that.”
Currier: Founders should use a number in every pitch sentence
“What I say to all the founders is when you're pitching the deal, especially for investors, you want to use a number in every sentence you speak. If you say a sentence without using a number, then you have wasted that sentence.”
Currier: Future digital growth will mostly come from paid acquisition
“So what's happening is we're moving into a world where much of the growth, at least digitally, is going to be coming from paid, and so we are becoming necessarily more fans of paid and just doing it right.”
Currier: Consumer viral growth is harder because psychological needs are satisfied
“What I say is the psychological and emotional needs of the consumer are largely being met, and it's more difficult Of those emotional and psychological needs that you could tap into to generate that viral storm, to build a new network, to build a new identity …”
Currier in 2017: Bitcoin will exceed $4,000 by December 2018
“It will be above.”
Currier: Education should teach future prediction and leadership over history and sports
“We need to be teaching kids to ask the right questions. We need to be teaching kids to predict the future, not study history. We need to teach people to communicate and to lead, not to play soccer.”
Currier: The concept of a 'self-made man' is complete bullshit
“People talk about beat their chest and say, I'm a self-made man and it's complete bullshit. Like most, most of us are function of a sixth grade friend who put us on a completely different path.”
Currier: Disagreeable people perform better as startup founders
“If you are disagreeable, you end up doing better as a, as an entrepreneur and a founder and as a creator, because you don't have this need to please everyone all the time.”