Snowflake

“Snowflake, where they're spending More in sales and marketing than actually spending in research and development.”

“Ethereum in the first quarter of 24 produced on a percentage basis is the most profitable software company in the world. And on a aggregate dollars basis, six largest producer of cash, it's worth seven snowflakes put together. It's three hundred fifty billion …”

“All of the private sort of, you know, investment in stuff that was going on in 2022 informed, you know, our public investment into NVIDIA and our public investment in NVIDIA helped inform our private investment into CoreWeave and our, you know, relationship wi…”

“This is a moment where It feels very much like a company has only two outcomes. It's either is going to become a trillion dollar behemoth or disappear without a trace.”

“That's something that I'm really excited about because I think that coding agents Can massively accelerate this very painful process of bringing in data, stitching it together, and moving it from raw to consumable insights.”

“It is a nice office, but I'm always very quick to point out that we subleased it. It's not as expensive as it looks.”

“If there are a set of companies, for example, that rely heavily on basically people power. They charge by the hour. They charge a lot of money. They make a lot of money. And now you're confronted with a technology like coding agents that can literally get jobs…”

“And we are headed into a world of agents that are going to be spewing out even more telemetry information about are they working well or are they not working well. Lots of complicated pieces interacting with each other.”

“I will never say that we are like, you know, confident about getting through the AI era because no company has any business being confident about getting through the AI era.”

“At the beginning of last year, if you ever wanted a product to get deployed, you needed to have a perfect web UI that would walk people through how to configure something, help them with mistakes. You'd have to write long manuals for how you go about configuri…”

“At some point we were valued at more than a hundred billion dollars, making less than a billion dollars of revenue.”

“I think it's more of, if somebody is very heavy in a seat-based licensing model, And someone else shows up that, you know, has a better product and is also cheaper. That's a very dangerous combination. I think those are the companies that are going to struggle…”

“He went to the board and basically said, if we are going to bet on this guy, we just bet on this guy. No, no halfway.”

“Airbnb, DoorDash, Unity, Snowflake I'm sure I'm missing a few others. Mongo, Square.”

“The Snowflake pre-IPO round over a four-year period ended up you know, it was like, five hundred million turned into, like, two and a half billion.”