Uber

“Actually, I mean, we don't, like, we don't do those kinds of investments for the most part.”

“When an Uber driver picks a passenger from point A and drops him off at point B, that passenger gets a ride and the driver gets paid some money. But the data that's generated that goes and feeds machine learning algorithms that, you know, improve everything fr…”

“Alors, je crois que les systèmes comme Uber ou les systèmes où on partage le transport, les systèmes de transport public, tous ces systèmes-là vont se concurrencer et essayer d'établir une position. Et en même temps, les véhicules automatisés vont s'en venir”

“No one is investing at Uber at a seventy-five billion dollar valuation hoping to get a Tenex return. It is much more akin to, I think, traditional sort of equity investing, but obviously with a higher risk profile, a chance, which is Implies a chance for a hig…”

“I have a hard time though sometimes with tech businesses that are quote successful or held up as successful examples of businesses that are actually fundamentally terrible businesses. I think like things like companies like Uber is an example.”

“And car ownership is going to become a thing that only a minority of humans even own a car because of the way they'll even they'll never be parked really though because every car that can drive itself is a robot, basically, that can go earn money by running Ub…”

“Now, will I ever hit another one? It's probable that I will not. But will I hit another 300 X, 500 X, 1000 X? It's probable I will if I keep up at this pace.”

“So an outlier like an Uber, for the people who are in the seed round, paid off somewhere in the range of 4000 to 5000 X, not percent, X.”

“Uber pitched out one of those, and three of the 21 people at that event invested.”

“Full disclosure, I still have a lot of shares. I sold some of my position to Masayoshi-san.”

“We're going to see some regulation in the United States where people are going to be able to be sophisticated investors, In other words, maybe they don't have the accreditation benchmark of whatever it is, a 152 100,000 a year in revenue of, in you know, incom…”

“The early employees might only have half a percent of the company, one percent of the company, two percent of the company. And so they also are looking for it. I mean, they're turning down offers for, you know, from Facebook and Google and Uber at like, you kn…”

“It turned out that, well, A, there's some people who would prefer to deliver Food or a package over delivering people. They didn't want to have to have social interactions. And then there's other people with perfectly fine cars, but they're not perfectly fine …”

“There's another adjacent theme, which I think is also really interesting, which is AI portends the death of APIs. So APIs allow meta with their meta glasses or Ryan to be able to communicate with Uber and, you know, Spotify through the backend, through softwar…”

“So the internet was 80% startup value. It was Google, it was Amazon, you know, it was all these companies we now know and love. Meta, you know and then mobile, the mobile revolution was probably 80% incumbent value, or 90%, right? And so that was, mobile searc…”

“Why Amazon was, you know, they had a big burn rate, but then Uber took it to a new level but now it's had an, they've added a zero.”