The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
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Hoffman: Silicon Valley dominates by ignoring traditional DCF analysis
“This is actually one of the reasons why Silicon Valley tends to create so many of the technology companies that dominate the globe, because if you take an overly kind of classic DCF analysis, business school prof analysis, et cetera, which many, much of the wo…”
Hoffman: Late-stage AI rounds do not require 10x returns to succeed
“The investment that investors made last year is kind of more of a growth venture round relative to, it doesn't necessarily require a 10 X. I mean, you know, we have trillion dollar companies now, so, you know, trillion dollar companies are definitely within fe…”
Hoffman: Independent startups cannot economically build frontier consumer AI models
“The basic thought from an inflection standpoint is that the original model wouldn't really work, which is building frontier models for doing a consumer agent that the cost curves to the revenue curves and what you would have to do wouldn't work as a startup.”
Hoffman: Rigid coding syntax will become less relevant than conceptualizing software
“You'll need to understand the concepts of kind of code, but AI will be the, Kind of generation a massive generator, a massive quality assurance checker, a bunch of other things. You'll still want to be learning the kind of, as it were, the pattern of the compu…”
Hoffman: Global tech companies must maintain strong ties with home governments
“One of the things about technology is a more important global business, and if you're doing global, you have to have Good relationships with multiple governments, including, of course, your home country and I think that that's, you know, part of what you're se…”
Hoffman: Investing Billions Works When Chance of Losing Capital Is Extremely Small
“Look, you're trying to hit a return multiple, but it's much easier when you know, when you believe with some vigor and evidence that your chance of going below one X is very, very small.”