The Ledger, every show

“We have a DA, Chesta, who will not prosecute crimes. I just found out yesterday a friend of mine whose house was burglarized. The perpetrators were let out of San Quentin for COVID. They robbed his house, almost kicked in the door of his neighbor who had a chi…”

“It became incredibly centralized and closed source. And you're seeing that happen with open AI and Anthropic. It's the wrong path because everyone needs to have their own models. Everyone needs to be able to be able to compete and you don't want one company wi…”

“If you're not getting into medicine, or like a hard thing that requires four to six years of school, I'm not sure people should be going to school right now.”

“And then what's really going to happen is China will sell our art back to us. So they're going to steal it all anyway, because they don't care. And they're just going to basically come back to us with these models, which we've seen with DeepSeek and everything…”

“We are at war with China, whether we like to admit it or not, in my opinion, and so this is very strategic.”

“They pushed people to move fast, break things, and challenge all regulations, etc., but in order to be Literally a world-changing company, they had to do that, and they had to have those behaviors. They weren't going to be able to do it by being nice all the t…”

“So it's a strategy, and it's a strategy to cut out the seed ecosystem and other Series A investors down the road. So there are certain firms like A-Six, Z, et cetera, that have ownership targets. And so if you want to ruin their chances of getting the ownershi…”

“There's a reason startups aren't staying. There's a reason that people are fleeing. That's because of San Francisco and frankly, all of California, you can only tax people so much. And then eventually they're just like, gosh, every dollar I'm making, I take ho…”

“If anything, the silver lining of all of this is that there's more gun ownership and more people who are pro home and self-defense than ever before.”

“I think we're going to see a lot of, maybe not venture scalable businesses, but a lot of newly minted millionaires that are going to figure out how this all works. And they're going to set up a completely agenticized business where there's no, no real employee…”

“Wars are going to be fought with robotics in the future. There's not going to be humans on the battlefield. There's going to be robots, and there's going to be technology, and battle bots is going to be a thing.”

“I do think that obviously Enduro is gonna consolidate a lot of it and become one of the top defense primes over time.”

“I've never met anyone more tolerant, more open-minded. He gets such a bad rep for a lot of things, but he's just probably one of the most poorly understood people.”

“I'm getting deals anywhere from like five to 10 posts while all of my peers are playing in the 20 to 30 range.”

“If he executes well, and if the timing's right, and all of the pieces are lined up just right, you know, he's well positioned to have the killer app for AR. Like, I can't think of a better one, to be honest with you.”

“So you're not allowed to use a weather model To price in, you know, your decision making for insurance in the state.”

“And after January, we're going to find out some interesting stuff and we'll get to the bottom of, you know, how did the government pressure him to censor things? And I think he's getting in front of that because it is going to come out. And I think that is a h…”

“If they enter the robo taxi market, I actually think they should buy Uber.”

“This is going to be the largest breakout in robotics we've ever seen if Waymo's any indicator.”

“I actually think we're going to see a Cambrian explosion of creativity and development of different things. And some of them are going to be stupid ideas and some of them are going to be great, but I think it's going to make our job, especially at the seed sta…”

“And then defense, I think is a little bit ahead of its skis. You know, we were just having a conversation earlier, Leah and I, about this, is, you know, selling into the government is really hard, and I think people don't understand that.”

“And these nurse practitioners are just as good as any doctor.”

“I have a hard rule. I have very few hard rules, and that's just one of them. If I hear that, I'm out. And the other one's fifty-fifty partnership, unless they're brothers or sisters.”

“By the way, your valuation is fine for what the type of business you are. It's, we're more commenting on the types of businesses we see. And they're, it's not about you. It's just, we do software mostly. Is really what it comes down to. But you could be a Spac…”

“What's going to happen is there's going to be a reckoning and there always is one market will work itself out where people look at their returns seven, eight years from now, and they're not going to be great. I think that will create some discipline in the mar…”

“A company that exits for a two hundred and fifty million dollars that you have better economics on is a better return profile than a company that exits for a billion dollars that you don't.”

“What's going to happen is there's going to be a reckoning, and there always is one, market will work itself out, where people look at their returns seven, eight years from now, and they're not going to be great. That will create some discipline in the market.”

“A lot of the times I make up my mind about the person before ever hearing about the product within that 1:10 minutes of them telling me their story.”

“So Lyft has benefited from Uber, and Uber definitely helped pave the way for Lyft to exist. So Lyft had the luxury, if you will, of being the nice company with the pink colors and the fist bumping. So does that make them a better company? No. It was a duopoly,…”

“Well, what's going to happen is there's going to be a reckoning and there always is one market will work itself out where people look at their returns seven, eight years from now, and they're not going to be great.”

“So that company failed entirely because of founder conflicts.”

“But if you actually become very introspective, and I know Marc Andreessen says, don't do that, but I spend a lot of time being introspective and I would say that he's wrong. And I'd love to have a chat with him about this. You can actually surgically go in and…”

“Google ultimately is a mapping company, They're gathering points of information. They're getting these players to take pictures of it, categorize it, tell them exactly where it is, and to scan that, that, that information. It's basically like free mapping data…”

“I think the two of us combined are definitely number one in the world.”

“We brought Uber to Bill Gurley.”

“You can tell the health of a nation by its ability to tolerate comedy and rap music. Those two things have to exist for freedom. Rap music and comedy. And if either of those start to disappear, you're in trouble.”

“A lot of what I do and what I invest in is For that purpose, which is I want to support free speech. Yeah, it's my number one cause.”

“The artisan is always going to be able to create that desk that you're at, you know a piece of art, a piece of music that's original from the human mind is always going to stand out as being different. And so I think that human innovation and human ingenuity a…”

“So I invested in diamond foundry early and the thesis behind that was when everybody thought that they were just going to make fancy diamonds that we wear for wedding rings. I thought, what is the secret here? The secret is that we're actually going to need co…”

“When earth is going to encounter an outside force is going to be one of the most unifying forces for our entire planet.”

“Selling the American dream of home ownership I actually think is flawed. In many ways. We're putting people into debt, and for things they can't afford, and they get screwed”

“We have a gap of about eight to 10 years where we lost that advantage.”

“I tend to set out a lot of hype cycles, so I invested in power and compute, lithography, kind of all of the things that are going to be underneath all of this, and so I'm not sure how much of it I'm going to participate in until it starts to get to a steady st…”

“If you look at the Panama Canal, I believe either end is operated and controlled by China.”

“I do think there is a possibility that there was a more advanced civilization here or we were visited”

“When someone says, what are you excited about? It's because they don't know what to be excited about themselves. And so they're fishing you to try to get excited about something because they lack it in their lives. And so they're doing, they're outsourcing the…”

“Well, if you think about it, all VCs are kind of, we have money, it's the same, right? It's not, the money's not different. So what makes us stand apart is our ethics, and who we are, and what we stand for, and our compass.”

“I think that's about to change, potentially, where M&A might open up in public markets. You know, you might see more companies go public than has been in the past, last four years.”