Benchmark

“You only have to look as far as benchmark to see what returns are possible for platforms that do not scale.”

“Very good set of data that doesn't a legal task from end to end, and we're missing this in most articles other than coding. Basically, coding is the only one that has like a good saturated benchmark.”

“They were the only company that had a GPU in space, so there was already some things that, that we saw in attraction, but it was based on the people.”

“The thing that's changed massively in the new AI paradigm is that you can have businesses that are well over a billion dollars in revenue that haven't proven out their unit economics. They haven't proven out, you know, durable product differentiation. In many …”

“But I think a lot of these firms, they have just become alternative asset managers. And like, that is what they are. And they have venture products, but they are not venture capital firms. And that's, that, that's not me being like, oh, they're not VC firms be…”

“When Chathan invested in star cloud, it was like weeks, like we closed the investment weeks before Elon started like, you know, professing his love and bullishness on overall data center.”

“We were talking with developers and companies in our portfolio, and they're like, yeah, like, you know, we have developers that are spending, you know, 3000 dollars per month themselves, like each on cloud code. So it's like, wow, okay, so that's 36,000 dollar…”

“Because these markets are so big in AI and elsewhere and because these companies are staying private for much longer, you actually have these situations where a late stage company can have much higher upside than like a series C which is super weird.”