Benchmark

“There's obviously like a lot of like Bill Gurley's awesome in the world, but I don't, when I look at his record of companies, like he doesn't have like massive winners.”

“But Eric Vistria from Benchmark, who you guys know well, was saying, like, even in the foundation models, a huge chunk of them aren't going to make it. Like, we are going to see companies that today have a hundred million dollars in revenue, like, just go away…”

“Like, cross-border investing wasn't back. There was no window. Like, not at all.”

“This investment was extremely risky, like at the time. Like it was a Hail Mary and now it fully missed.”