The Ledger, every show

“Same thing's gonna happen. Prices are gonna plummet.”

“ByteDance Grows at, you know, 30% a year with massive profits.”

“This is nothing like this. This is like amateur hour. This is like nothing. Like, this isn't even volatile compared to like what was going on back then.”

“Just look how much, like, stock option dilution there is at a bunch of these big Silicon Valley companies. It's not as bad outside of Silicon Valley, but, like, the dilution is real.”

“The problem with the IPO market is actually totally fine. If you look at IPO performance of companies, they've actually done pretty well versus opening day prices.”

“If you look today at the 10 largest e-commerce companies in the United States, You know, six or seven out of 10 of them are traditional retailers.”

“And, you know, like Apple's spending very little right now, you know, and those other three or four companies are spending insane amounts of money.”

“Most big companies that are, like, financially regulated, you can't even go on to Claude or ChatGPT. Like, you can't even, like, get on the system to do work.”

“Private equity funds don't have enough money to write like, forty billion dollar checks in the companies.”

“And all that Insight was doing was replicating what Summit and TA did, which was hire 22 to 24 year old knuckleheads, which my now partner Brian and I were, and pound the phones calling companies all day long.”

“It's actually shocking that like, that the number of venture funds over the last like five or seven years has actually increased given that the exits are getting longer, not shorter.”

“Alibaba was very cash efficient, actually, when we invested, it was a billion dollars of profit.”

“And all Insight was doing was replicating what Summit and TA Associates had done for the 20 years prior in software and internet.”

“The mainframe business is still a five and a half billion dollar market.”