Overlook Capital managing partner Eric Scott describes the history of technical assistant roles while recounting how he was hired by PayPal co-founder Max Levchin.
Prediction Open · timeframe Dec 2026
Scott: Global venture investments are on track to exceed $1T in 2026
“So the, these numbers are kind of apples to oranges, but I think they're, we're on track in 20, 26 to clear a trillion dollars of venture capital. Globally.”
Assertion Not checkable as stated
Scott: Mega-funds neglect hundreds of startups growing 50% to 150% annually
“And there are hundreds of companies out there that are working on big, super important problems with great teams. They have high product market fit. They have growth rates that are 50 to 150% year over year. But they might not be a trillion dollar company. Tho…”
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Scott: AI will slash enterprise operating costs without destroying structural moats
“We don't want to see AI impacting their moat. So if they have a network effect, a cost of capital advantage, a regulatory moat, Those things are not going to go away with AI. However, their operating costs should be falling off a cliff.”
Assertion Not checkable as stated
Scott: VCs rarely choose their hottest startups for personal net worth bets
“We would ask them, if you had to put all of your net worth, liquid net worth into one company, which company would it be? And that company was rarely the hottest company in their portfolio, in part because they already had massive e-liquid exposure to that com…”
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Scott: Office playgrounds are a deeply negative signal for company culture
“And you know, now I'm 37 and I realized that's actually like a deeply negative signal for the culture of the company.”
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Scott: The individual incubator determines startup success, not process
“The person incubating the company is actually still the number one determinant of success. There's no like magic way to do this that you can write on a whiteboard and say.”