The Ledger, every show

“Do we think in three years, OpenAI and Anthropic are going to keep doing launch parties for each model? No, at that point, it's just going to be a product release, right? And you're not going to see behind the scenes which model is it five, is it 15, is it 25,…”

“Now a doctor says, hey, Siddharth, would you mind if I record this conversation? Those conversations now have an accuracy rate that's getting close to a hundred percent.”

“I'm pretty sure we're going to see five to ten billion dollar ARR companies in healthcare, education, defense, and retail. In the next 10 to 15 years that are not going to be head-on competing with the same companies that are competing code generation.”

“What is inevitable though, if you look at that six year period between the Netscape IPO and the downturn, and you say everything's happening at twice the speed, we're probably pretty close to being due for an AI correction.”

“I am pretty convinced that a lot of the gen one dot O companies won't get there. They won't become the ten billion dollar plus outcomes.”

“The 2021 cohort, The entry prices for every venture campus, almost by definition, was overinflated, right? I think the twenty-twenty-five cohort's gonna have some of that too, because you're seeing a lot of the early markups ratchet up people's enthusiasm, the…”

“I am personally hopeful that in my lifetime I'll see a trillion dollar market cap Indian company founded in India and supported by Indian venture capitalists, but that's not going to happen in the next 10 years.”

“What I do remember though is we hadn't seen that kind of daily active usage and organic engagement since we had looked at Discord or at Snap.”

“I actually predict there will be in India in particular not just more unicorns form. Cause I think the concept of a unicorn is a little bit myopic. It is a private market mark, private company valuation that a investor puts. To me, the sign of true ecosystem s…”

“And so I think audio is another platform where the next generation of Alexa, Google voice will probably be created in India. And there's going to be a lot of innovation happening, both enterprise and consumer in the voice space in the next 10 years.”

“I'm very bullish, though, that this is going to cause the right strategic dialogue to happen, you know, between India and the United States in the coming months.”

“The defense sector, which you and I were just talking about, is extremely focused on finding the right primes and startups to actually become a second source to Russia.”

“In a category that most people, when I looked at it, most people said the TAM for restaurant delivery is twenty billion max, right? They were all wrong. He expanded the category. He expanded the use cases. He changed user behavior.”

“I think what we're going to see more of is acquisitions by private equity firms and other startups, mergers, and of course, strategics being a form of liquidity versus just the IPO.”

“And if you look at the headcount of some of our companies, more than half are actually in India, right? And it's not back office. It's a lot of the innovation, the founders, they live in India.”

“Many times we do get involved in companies where they not only reach a hundred, but they have a path to a billion of revenue or ARR, as we've seen with Netflix, and we think that potential exists with, Datadog and CrowdStrike and many other companies that are …”

“The reality is there's going to be a global workforce of skilled you know, tech workers, and I think it really stands to benefit the Indian startup ecosystem because India is one of the best labor forces when it comes to deep steam training, engineering, and b…”

“I do fundamentally believe in both the Indian and US ecosystems that there's going to be more faith-based, community-oriented subscription services that supplement a lot of the ad-based models or commerce-based models That we saw the last 10 to 15 years.”

“I believe the company was about 20 employees. They had just launched early versions of the Perplexity product. It was still in beta, and it was still pretty small”

“I mean, I encourage everybody, actually, I know in India, they've made an announcement on Airtel, like they're going to be preloaded on a lot of the Airtel subscribers phones,”

“We had three companies in the last 14 months enter the S&P 500. CrowdStrike, Datadog, and Coinbase.”

“When we invested, they were at ten million of ARR. They're on the cusp of breaking through a hundred”

“IVP was an early investor in Excite, Ask Jeeves, and one of our most, I'd say, important investments in the last 40 years was being the founding investors in Netflix.”

“Our portfolio is about 85 or so active investments, and within that we see probably about 20 of our companies that have seen marked tailwinds, accelerations that we didn't expect, we didn't predict, We see about half a dozen to a dozen that have seen tougher t…”

“And he's got the largest network of therapists now among any private company.”