venture capital

“I didn't realize this for a long time, but very organically you've, at least we formed a filter. By we, I mean different funds I'm a part of. That if somebody was a very entitled guy, if somebody was the son or a daughter of a very rich man, you would have thi…”

“By the way, I think without venture capital, nobody gets paid a million dollars.”

“So you actually skewed the entire idea of an IPO into the equivalent of what the Americans call a direct listing, but after pumping the price up significantly, with no basis of justifying that kind of valuation.”

“And then you will have about 20, 30% that will in our business, you know, give you like a five X which is not bad. Yeah. You know that's so it's over a 10 year period, 11 year period. So it works out to a decent IRR. Right. And then you have about 15, 20% who …”

“Here you are not entitled to anything until you've returned. Not just the capital that you invested in totality, but also the fees you consume during that 10 year period, you return that too.”

“It's usually two to three percent of your portfolio that will return 80%, that will give you 80% of your returns. I mean, it's that skewed.”

“Somebody taught me a rule of thumb that basically irrespective of size of portfolio in a cycle, so it's important to measure this in cycles, it's disproportionate in their case because you'll have these free kits like Flipkart and Freshworks. But in a cycle, i…”

“High capex is actually okay, because there's ways to finance it. And we're finally finding a way that everything's getting cheaper. Robotics is a good prime example of that. But I don't think capex is the big problem anymore. It's just like, can you find a tai…”

“AI has actually made most industries that were uninvestable, suddenly investable. For example, like any industry that's collecting large amounts of data was like, you know, priorly prior, like you wouldn't invest in them because you were like, oh, there's no c…”

“In general, asking VCs about companies is bad, because if they're invested, they have to be positive, and if they're not, they still have to kind of be positive.”

“Our founders wouldn't do well if there's like, you know, unique class of people, founding engineers or founding talent that show up. A day after your company gets funded or get started, then they get like one 30th of the equity that you get. God bless those pe…”

“This investment cycle has nothing to do with scaling IP. This investment cycle is about capital investments. It's about buying powered shells of data centers. It's installing liquid cooling. It's buying GPUs at scale. It's about doing behind the meter power. I…”