software

“And I don't think that we fully appreciate, like, how much of America's IP is stored in software, and data, and how accessible that is to employees inside of these organizations, and that the security is not adequate to protect that data and that IP.”

“So now we're seeing software generally, all risk assets, growth assets, trading now 30, 40, 50% below the five-year average, right?”

“If your product is actually better, and it provides better ROI for the customer, it has a better feature set, it's faster, it has a bunch of stuff that the other product doesn't have, the market will pick it.”

“There are a few difficult things in software. Few. I was just like, it's just true. And as a result, every product, this is not a Carta thing, every product will see a ton of competitors. So the only thing that you can do is have an extremely leveraged OPEX an…”

“Software is writing itself, and it's replacing a lot of human determinism. The way that humans think about constructing software is being completely redone with these learn models.”

“If you look at the real innovation of the American economy, it's been in the world of software. If you look at where the economy has been most stagnant, it's been in basically the heavily regulated parts of the economy”

“No, no talented people started semiconductor companies after 1993 because they all went into, you know, into software.”

“And so I think that the reason why things have become so bureaucratic and bloated is that there is just this propensity to run towards software because you think it's a solution. At best, it's a symptomatic aid. It doesn't address the root cause, and in fact, …”

“If you look at the real innovation of the American economy, it's been in the world of software.”

“I think software is the first area where you've seen a real true kind of economic productivity impact.”

“Those last two buckets represent 90% of all the dollars in revenue that's generated in software.”

“There are zero days in all software”

“A world where Anthropik, OpenAI, and, you know, maybe even SpaceX are kind of the only model providers that dominate the model layer, that is a hard world for software.”