Venture capitalist Sam Lessin discusses public market valuations and Tesla's stock price disconnect from discounted cash flow analysis.
Opinion
Lessin: Whenever SoftBank buys, you sell; they are the worst investors
“Whenever SoftBank buys, you sell. Right. Like they are the worst investors in the history of the world. Right. And so it's just like, I've watched them crush so many companies by over capitalizing them by get, they're like, you know, they, it's hilarious. I lo…”
Insight
Lessin: VR Appeals Primarily to People Whose Real Lives Are Unfulfilling
“Like, I think the reality is like VR and like immersive experiences and all other realities are kind of great if your life sucks, right? Because then you're like, I'm gonna like live in a video game. But like, I think a lot of the problem with that type of stu…”
Prediction Open · timeframe Apr 2030
Sam Lessin predicts most sub-$50M seed funds will disappear without DPI
“I think what we're going to find is that, you know, a, The market, most of those funds are going away because they don't have that and they're not going to be.”
Opinion
Lessin: SpaceX's Mars narrative is disingenuous and fundamentally nonsensical
“The Mars narrative is so frustrating because it's so disingenuous on one hand, right? Like, it's just, like, the predictions are out of control. Like, it doesn't make any sense from, like, a fundamentals perspective.”
Prediction Not checkable as stated
Lessin: AI will enrich Big Tech platforms but burn startup investors
“AI is going to make the big, big, big platforms a shit ton of money. And it's going to be really good for small businesses, but it is a terrible place to hunt for startups, right? It's a great way to lose a lot of money on startups.”
Opinion
Lessin: AI is a sustaining innovation that primarily enriches incumbents
“Whereas I could not think of a more classically extending innovation than AI, right? It just makes the rich richer.”