Everything Sahil Lavingia said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Lavingia: People do not enjoy making art without money or fame
“They won't be poets, because AI will show people that that's all kind of a BS thing that we just did at a period of time, and, like, people actually don't like making art and poems if there is no monetary or fame attached to it.”
Lavingia: Gumroad generates $20M revenue and $8M-$9M profit with no full-time employees
“Twenty million in revenue. We have 35 people working like this. We do, you know, eight or nine million in net income. And yet still we have no full-time employees. Like I'm not interested in hiring a single full-time employee.”
Lavingia: AI will enable 1-hour workdays generating $800 hourly value
“I want to get Gummer to a place where the average person works like an hour a day. Maybe they make like 800 dollars an hour but they work like an hour a day. They're producing an hour, you know, 800 plus dollars of value. They're assisted with AI to write thei…”
Lavingia: 10% interest rates could push San Francisco house prices to $200k
“I would love to be able to buy a house in San Francisco, you know, for 200,000 dollars, and I think that's possible. But it's gonna take, you know, 10 plus percent interest rates.”
Lavingia: Capable of building a new $10M startup every single weekend
“Like I can make Gumroad every weekend, which means I can make a new company every weekend, and that company can probably raise money at a 10, fifteen million post money valuation.”
Lavingia: Elon Musk does not actually work at Tesla and SpaceX
“Obviously Elon doesn't work at Tesla and SpaceX at all, and those companies are doing decently well, even though he's technically still the CEO of both of those companies, right?”
Lavingia: 100,000 software engineers are enough to run the world
“100,000 software engineers can run the world. Like we don't need a million. We don't need ten million. And we'll, by the way, never get them anyway.”
Lavingia: Software could run the US government with a few thousand people
“I totally think you could run like America with like, you know, like a few thousand people. With software again”
Lavingia: Tesla and AngelList would have failed if founders could not code
“Like in the instance that Elon didn't know how to code, Tesla would have died. You know, in the instance of Naval knowing, not knowing how to code, AngelList would have died.”
Gumroad reached $10M revenue years after Kleiner Perkins wrote it off
“Gumroad, it took me seven, eight, nine years to get to a place where Gumroad kind of is considered, like, you know, we're at ten million in revenue doubling every year, but that's because of a macroeconomic shift, namely COVID, that just happened out of the bl…”
Sahil Lavingia regrets taking Accel's $400K seed check over super angels
“Frankly, if I could go back in time, I would have said no to them. I would have given that 400 K a hundred K to four different people, super angels or angels, or even split it further.”
Lavingia: Career VCs Are Less Valuable to Founders Than Operators
“I think career investors are just not as valuable because frankly, like that sort of on the ground experience of building distribution, building a product, That stuff is just so difficult to read about. You just have to do it to really grok it.”
Sahil Lavingia: Gumroad operates purely asynchronously without any meetings or audio calls
“Basically it's a GitHub repository that, you know, sort of is the source code for a website and a bunch of 10 99 contractors, freelancers work on it. And they do it just like they would work on an open source rails or something like that project where they're …”
Gumroad contractors convert up to 80% of earnings into dividend-paying equity
“People can earn equity in the business as well. So they can choose to take their hourly rate and convert up to 80% of their cash into equity. And then that equity entitles them to dividends, cash flow in the business.”
Lavingia: Engineers and designers are 2-3x cheaper than 6 months ago
“Like engineers are cheaper. They're easier to hire. Designers are cheaper, easier to hire. And that's all I need. I don't actually don't need anything else. Those are the two most valuable, you know, resources on the planet. And now they're, you know, they're …”
Lavingia: Every digital-output job will be replaced by AI prediction
“Basically any job in which your output is digital you know, I see that, that, that will kind of be replaced with basically a computer predicting what that human would be outputting.”
Lavingia: Indie devs can now match YouTube on recommendation systems
“A startup like Gumroad or really an indie developer can now compete with YouTube on YouTube recommendations, which four years ago or even two years ago would not have been the case”
Lavingia: Software engineering is the top job being automated by AI
“People think all of these other jobs are getting automated away, but the number one job that's getting automated away is actually the software engineering job, right? Like why is software engineering such a valuable skill? It's because we've automated the crap…”
Sahil Lavingia: Neural interfaces will 100% eliminate pain and treat depression
“We will, 100% basically be able to, you know, get rid of pain probably, you know, short circuit depression, like, all these sorts of things we will be able to do without needing to know exactly what, you know, we'll know the math, because you can look into thi…”
Lavingia: Physical traits will not matter in human society in 100 years
“Any privilege associated with anything else, height or body mass or, you know, fast switch muscle fibers basically is not going to matter a hundred years from now.”
Lavingia: AI investors may make almost no money over the next decade
“I could a hundred percent see that like 10 years from now, there's no way to make money in AI, right? Like basically nobody made any money on AI. All the returns basically just went to, you know, whoever like basically gets attention so that they can monetize …”
Lavingia: Over 90% of startup value comes from engineer-founded giants
“If you look at startups and you say, okay, 99% of the public value is basically, or 90 plus percent is basically in four or five companies. Right? If you get rid of, like, Google, Amazon, Meta, like, we haven't done shit as an industry, right? In terms of actu…”
Lavingia: Founders cannot understand a technical concept until they write the code
“And the truth is, if you can't write it, you don't actually understand it. So you can pretend that you get it. But the truth is if you read the Bitcoin white paper and you haven't actually implemented it, you don't actually understand it. You don't actually un…”
Sahil Lavingia: Non-technical startup teams will always be defeated by engineers
“Like, I can build Gumroad in a weekend and I can outship basically any, it doesn't matter how awesome your team is, if it doesn't have engineers on it, I will beat them.
Right?
I would just, I will win.”