tech companies

“It's not that it won't happen. Of course someone's going to go public. It's not going to zero, but like the era of like lots of IPOs for tech is just done, right? Like it turns out that these are pretty shitty companies in general.”

“These tech companies are so profitable and so good in so many ways that they can kind of run for a very long time. And parts of it will be very successful for decades to come, even if the culture is broken.”

“Most of these, like, very senior jobs in tech companies, you get paid a ton of money, and they're relatively easy, and after a certain level of tenure, you're never gonna get fired”

“These tech companies are not philanthropies. This all started with a demand for more computer science graduates. People could be qualified for the jobs.”

“Post-internet where we are today. All of a sudden it's pretty easy to crack open all these things and say, look, it's all government dollars. Like we probably should have a holistic sense of what is going on and where money is flowing and some sort of like ove…”

“People will buy distribution. They'll buy good businesses. They'll buy a growth curve. They're not going to buy technology, right? The aqua hire era is long over because everyone's just figured out that they can just, it's just easier to eat, just buy the tale…”

“They assured me that all the ratios of, like, debt versus net cash and all those kinds of things is the tech companies are still very, very conservative.”

“And that's what this all feels like to me. It's like, nobody has any original ideas. So everybody's like, let's just put more electronics in people's pockets on their wrists on their face. And we'll see what ha you know, we'll see what works.”

“Everybody is doing this because they overhired in the pandemic. AI is a convenient excuse.”