venture capital

“There are certain venture funds that have done incredibly well financially in pharma, where there's one in particular I can think of that never shipped a drug. Until the COVID era, and they were in business for 20 years. And they made all this money, and they …”

“A lot of the best VCs like never, you know, make bets in cybersecurity because, you know, at best you're going to get a two hundred million dollar takeout to Paladin networks or whatever, right? That's the typical outcome”

“The venture capital industry is just too small to actually be able to support the next round for these companies.”

“I do not want a bunch of, could be conceivably very talented people, like between me and the founders that I, you know, owe support and partnership and work to, because I don't have any of the context. I don't care as much as I do. And I think it's like You kn…”

“So a lot of these companies will fail, either because it no longer makes sense for them to continue to get venture funding, or they end up getting out-competed because they just can't get their utilization up, unlike, you know, some other clouds, right?”

“If you're building tools that are this complicated, you kind of want to have a 10 to 15 year time horizon on, on building out these efforts. And then the scale of capital required. I mean, I guess there's no rule that said that you couldn't do it as like an in…”

“And some of the venture firm willing to put one billion into some company is very unheard of in the VC business. Now it's happening.”

“And so I do think we're going to see a ongoing rise in valuations most likely over the next year or two, much more than we've seen today. And obviously there'll be some great things in there and there'll be a bunch of stuff that doesn't deserve it, but I actua…”

“I think BCI is a category, kind of like how pharma is a category. I think sometimes you, I'll talk to VCs and like, oh, we have a BCI bet. Like, do you have a drug bet? You made one bet on a drugs? Like, that's that, that's how you think about the category.”