The Ledger, every show

“And I've been in the room with Zuckerberg. I've watched him fucking lie to the president of the United States about what they know internally versus, like, the claims he spouts out loud.”

“I've been in the room with Zuckerberg. I've watched him fucking lie to the President of the United States about what they know internally versus, like, the claims he spouts out loud.”

“In the end, what pushed Travis out was when his team held him accountable. It was when the, you know, his 13 senior managers all wrote a letter and said, dude, you gotta stay out of the company. You know, that's really the only force that Silicon Valley leader…”

“You know, I deeply respect all the work you've done in the space, but you sound like someone who hasn't visited the lab in a while, because that's not where it is, and I can't preempt any announcements coming from any of our companies, but I can assure you it'…”

“The multiples are already there. I think IRR is 95% right now, and so so we're already getting fucking rich doing it”

“And if we don't do it, You know, North Korea is going to do it on their own. Like, some rogue state is going to launch a projectile that explodes a bunch of dust in the atmosphere, and we won't know which dust, which altitude, and the best ways to do it, and w…”

“Absolutely. I'll get way richer from this. I have multiple companies in the portfolio right now that have, like, they have a trajectory to being multi-trillion dollar market cap”

“I can assure you it is much, much more near term than 30 years imminent, maybe now, who knows, but it's been fucking fascinating to see these accelerating curves”

“We went from zero to within a year bidding six billion dollars on spectrum and attaching openness rules to wireless spectrum. That's why the wireless networks are net neutral. It was because of this big hand of poker we'd played.”

“AI and machine learning had so greatly accelerated progress in fusion that it was geometric now. It was a vertical curve. Because experiments used to take one to two years to run one experiment in a fusion reactor. Now they could run in high fidelity in the co…”

“We call that one 7.81 because we believe with that fund, we'll be able to pull 7.81 gigatons of carbon out of the atmosphere. And when we do so, we will reduce the parts per million in the atmosphere by one.”

“We have an electric airplane company in Sweden that even Bill Gates said was going to be impossible. It's a 35 seat plane that's got billions of dollars of cash on the barrel orders. And the majors have invested in the company because it's just cheaper to oper…”

“GPT five will be trained this year, and it'll be six to eight times better than four, maybe, maybe more.”

“And our organization will only hire people who have had shitty jobs, who've had service jobs, who've worked extremely hard for some point in their life, and who appreciate the worst day of being a VC doesn't begin to compare to the worst day.”

“We in our organization will only hire people Who have had shitty jobs, who've had service jobs, who've worked extremely hard for some point in their life, and who appreciate that the worst day of being a VC doesn't begin to compare to the worst day of working …”

“In the end, what pushed Travis out was when his team held him accountable. It was when the, you know, his 13 senior managers all wrote a letter that said, dude, you've got to stay out of the company.”

“So by the way, I mean, our comp plan probably runs six to 10 times what the industry standard is because I want everyone to materially, I want this to be a life-changing event.”

“And so we see this happen with, like, a company, Solugen, who's making industrial chemicals using enzymes instead of petroleum. These guys, like, they're, yes, their first VAT cost a lot of money, but they now are, you know, I don't know if I'allowed to say, b…”

“Absolutely. I'll get way richer from this. I mean, we have, I have multiple companies in the portfolio right now that have the very like they have a trajectory to being multi-trillion dollar market cap.”

“And our organization will only hire people who have had shitty jobs, who've had service jobs, who've worked extremely hard for some point in their life, and who appreciate that the worst day of being a VC doesn't begin to compare to the worst day of working in…”

“In the end, what pushed Travis out was when his team held him accountable. It was when the, you know, his 13 senior managers all wrote a letter and said, dude, you gotta stay out of the company.”

“The multiples are already there. I think IRR is 95% right now.”

“It is so absolutely delicious. It beats everything but Blue Bottle now in taste tests. Stumptown, Pete's, it knocks them all out. All the hipster coffee. Blue Bottle's the only one at Cancer Mount, but it's made using no coffee.”

“So I very famously took my student loan checks for law school, told the school they hadn't shown up, cash them, and use them to day trade in the market. And so this is one of the reasons why I get so nervous about what I see in the Robin Hood phenomenon. You k…”

“I've watched Bill Gurley knuckle up in board meetings and call bullshit, because that's the place it needs to get done, and if you don't build that rigor and discipline early on, you're not setting yourself up to be a world-class company”

“At the height of lowercase, we were managing six billion dollars, and we were three people.”

“We in climate, we specifically make sure every deal has more than a gigaton carbon removal potential.”

“Shark Tank's real. Like, just so you know that none of that is scripted. It's the most authentic show on television. They don't tell us what to say or, and we invest our own money. We don't know anything about those companies before they walk in the door.”

“Fast forward a couple years, and not on the billions of dollars of investment it normally takes to develop an aircraft, but on the single digit millions of dollars in this case, and I think we just did a round in the tens of millions, and up until that round, …”

“Instagram came to me. Kevin Systrom literally said, I want three angels, you, Adam D'Angelo, and Jack Dorsey.”

“We have a company that In the year, maybe three of the company was doing a hundred and twenty million dollar run rate selling a commodity, but because they make it with enzymes instead of oil and gas, they have 60% margins.”

“Shark Tank's real. Like, just so you know that none of that is scripted. It's the most authentic show on television. They don't tell us what to say or, and we invest our own money. We don't know anything about those companies before they walk in the door.”

“We were in an early Uber board meeting once, and we needed a CFO. And I kind of, I, They said, okay, we need a CFO. And I stopped and I think, okay, like who could be a CFO? And I'm thinking of like old Google people who were like director of finance and maybe…”

“So far, we have four other firms who are going to follow us along and start giving more access, whether it's donated interests or it's or no fee, no carry.”

“Google taught me that when they would share confidential information, they would share the board deck with the entire company on Fridays. Literally, they'd gather the entire company and show them the same slides they had shown the board on Wednesday. And that …”

“And so far we have four other firms who are going to follow us along and start giving more access, whether it's donated interests or it's, or no fee, no carry exposure to HBCUs to start participating in this ecosystem more meaningfully.”

“This is a company that had turned down a nine hundred and fifty million dollar acquisition offer because it wasn't a billion dollars. And eight months later, I was raising at a thirty million pre for that company.”

“They were wildly transparent and their executive meetings, they had a note taker who would take the notes and then you could subscribe to the notes from that meeting. They would be published after the end of the meeting. And you could see almost like a script,…”

“When Evan Williams saw that he was going to make some money, he went out and started interviewing rich people and asking them for tips.”