The Ledger, every show

“And so, I think, in the end, we're gonna end up with this application where AI really does help radiologists. It helps radiologists get more and more higher, higher throughput, because the AI can do some parts, and the radiologists do some parts, and they're c…”

“And the performance difference For a fireworks versus, like, a cloud provider is, like, five X. And that is just the speed performance. Then you add on top of that the, like, throughput, which is not visible externally. It's only visible if you look at, if you…”

“So it's just, it feels to me like we're gonna end up with an oligopoly Of winners, and there will be, I really believe they will be these, like, hundred billion dollar crazy smaller winners and so, like, that's, you know, that's, like, that just feels like tha…”

“Because it turns out that in a lot of these companies, you have reps doing 10 or 20, thirty million.”

“The bigger thing to me is that I think China's bringing on 10 times as much energy next year as we are in the U.S.”

“Take the Cerebrus example as a good one, which is, like, we took it public this time in May, but, like, we tried to take it public in twenty-twenty-four, and it would have been taken public at a much, much lower valuation, and like, you know, it would have bee…”

“You have an unbelievable ability to raise capital, which I think is why the labs will ultimately go.”

“Will the CSPs do well? Yes. Yes. Will some of these neoclouds do well? Yes. Will the fireworks of the world do well? Yes. Will NVIDIA do well? Yes. Will these, like, chip startups do well? Or, you know, some set of them? Yes. Like, Are we gonna have edge infer…”

“There's so much zero-sum thinking, which is just like, okay, how do we cut up this pie, and they're gonna eat this much, and like, oh, no, no, no, no, no, Anthropic or whomever is gonna eat, 98% of the value, and they're gonna do all the drug discovery, and I …”

“I don't believe NVIDIA is going to be the only game to have content infrastructure layer.”

“We have a major, major shift in AI, which could be bigger than any of these other shifts on maybe combined.”

“So if the AI, if you can get AI good enough to eat much more of the 200,000 dollars of value attributed to your software engineer, IT person, it just follows that there's like 20 x more value creation and, like, there will be giant, giant outcomes.”

“We're a little ways away from like, from replacing the software engineer right now. We're like a bit away from that. And like, we haven't actually captured that much market value yet. And really no one's demonstrated anything close to that level. Quite yet.”

“And, like, it's not gonna be a 20 dollar a month subscription, that's not, like, the right way and it's not gonna be just, like, bundled API call, like, it's, there's gonna be much, much more sophistication and interesting models in that.”

“I've worked on five companies that have gone from zero to more than 200 and revenue, and like, in not a single case did the economics at the very early stage, like, extrapolate all the way. Like, it's just not a thing. Not, not even the economics from when the…”

“That's a funny statement, because I think in the modern era, if you go back, call it the last 10 or 15 years of venture capitalists, there are only two that I can think of who have had multi-billion dollar consumer outcomes and multi-billion dollar enterprise …”

“Ben, it seems like that's the future of education. If expertise matters less and less, what matters more and more is taste and, Being in touch with yourself and this kind of self-knowledge.”

“Our voting system is you vote one to 10. You can't vote five. Six and above is yes. Four and below is no.”

“It's a Berlin-based company at the time, but there wasn't a single employee in the US, and yet they had built this incredible enterprise customer base of US companies, and that's just something that doesn't happen very often at all. You don't see companies clo…”

“Cloud did not scale anywhere close to as quick as what's happening right now.”

“They never had a churn line. Never reported it. For the first of, like, six years that I worked with the company. So then they got seven years of churn in, like, 12 months.”

“Nobody knows what the votes are except the sponsoring partner.”

“We take the board seat, we aim and aspire to be the entrepreneur's first call. That's a standard we hold ourselves to.”

“These things are very cyclical, and again, this is overly simplistic, but I think we're in the midst of a infrastructure revolution. Maybe it's around ML, maybe it's around cloud, maybe it's some combination of these things that are coming together, and there …”

“Our investment process is one of advocacy of voting. So basically, there is an advocate. So one of the five of us falls in love with something, is probably the best way to describe it gets really excited about the entrepreneur and the opportunity All five of u…”

“Sunday uses gloves that are designed just with the robot hands, so they're perfect, so you get very good data transferability from one to another.”