Silicon Valley

“I think there's just too much cross pollination. You kind of have to sync the companies towards, like entropy creates equilibrium, and so you end up, like, with the companies just being very recognizably similar to each other, and the activation energy for bei…”

“The reason why I didn't move to Silicon Valley is because I knew how to create geographical consensus in the eastern seaboard that Shopify is the best company to work for, full stock.”

“Within a few years of that decision, moving to Silicon Valley, Coinbase had been founded, and I think within seven years of that decision, Coinbase had a billion dollar valuation.”

“We see at Silicon Valley where, you know, kind of there, these guys get under pressure and, you know, they kind of feel anxious or whatever, and they decide that, you know, somebody tells them about psychedelics and they try it and they kind of come out the ot…”

“Silicon Valley between, call it, 1950 to 2010, was primarily just in the tools business, right? Primarily the companies that, you know, starting with Hewlett Packard, the companies that we all backed and built were basically just building tools, and you'd buil…”

“It was for sure the most influential company from 1940 to 1980 and then probably after that, Intel.”

“What's changed though is that unlike the Keynesian beauty contest where the winner is the one with the most money, in reality, there's a point at which you get enough money and you don't need more. And for the first time in history, the startups are not starve…”

“Silicon Valley has lost that ability a long time ago, and we have to bring it back.”

“You know, I really haven't lost an investment in 30 years in Silicon Valley. People have beaten me because of price, but I haven't lost otherwise.”