The conversations shared through this podcast always feels much more organic, sophisticated, and easier to follow than most other podcasts in finance & VC categories.
I'm in my late 70s and have a terrible time with learning computers and these phones. I don't find them intuitive at all. I can't find any instruction at he local community college. That being said, I really enjoy trying to grasp many of the things you talk about and always walk away learning something new. I watch every pod.
As an LP in both Altimeter and Khosla, I can say it’s almost night and day, respectively. After this podcast I’m guessing they are positioning themselves for a greater gap.
Over capitalization and resultant dilution of focus is what led to the startup I was working to close doors . Got a lot of money and divested it for doing multiple things. The company eventually ended up burning all of its money without making any progress on either fronts. This led to investors not interested in investing again and shutting the company down. Focused execution and MVP are critical to building intrinsic value and scaling
The problem with trying to have a more even distribution is it doesn’t really effect returns due to the impact of the power law, the drag from fees, and the inability of the returns from that evenly distributed outcome to be redeployed.
The interesting fact is that capital is over capitalized which causes inefficiency. I had interesting career working on pc, embedded, and smartphone. The same person doing similar work could 30-50x in salary now vs 20 years ago, for the work actually less than 20 years ago. Then you see Venture within large tech corp, they have so much cash that it's a challenge for them to grow. Particularly due to they are finance guys and not tech. I worked in strategy that fed the key long term strategy for internal venture and it's far worse return than if it's built by internal resources. It was a weird dynamic, where small thing in large corp can simply affect drastically.
The video discusses venture capital trends, AI scaling, and market reactions to the 2024 election. Key topics include VC fund sizes, incentives, AI's impact on investments and workforce, GPU scaling, and recent earnings from tech giants.
41:30 I would disagree with Bill on this one, during the first half of the ‘90s Telcos invested in Capex around $70 billion per year (in today’s dollars) during the second half of the ‘90s and at the peak of the Dotcom bubble (1999-2000) Telcos invested in Capex around $213 billion (in today’s dollars) just in that year alone. So, we’ve been there, not too long ago… I think at the end of the day the ambition to win and find the winners in the capital markets plus the competition that it entails overtakes any rational and critical decision making, specially in times where there is an overwhelming flow of capital
The ones that will be knocked over first are the form filling out that nobody wants to do and is done due to some data sharing law. Fill out this hospital admit form will be first hero use case
CIO don't know what they are talking about. because they are too abstracted. When they can let go 90% of their tech employees in a department and still works if not better, that's when they really figured it out. Tech workers are afraid of the fact that if they rewritten a piece of software 5 times and it's still not 'good enough' that their job is secure, they are just incompetent. The first smartphones/embedded systems I worked on only had 3 sw engineers that build literary everything. As the technology proliferate, we have tens of thousands of engineers working on mobile. Do they need to be working on the same thing or should they move on?
Given this logic, what AI company has the most expected of them? xAI clearly raised the most, and is now clearly executing that by building the biggest supercomputers in the world in 90 days.
The conversations shared through this podcast always feels much more organic, sophisticated, and easier to follow than most other podcasts in finance & VC categories.
I'm in my late 70s and have a terrible time with learning computers and these phones. I don't find them intuitive at all. I can't find any instruction at he local community college. That being said, I really enjoy trying to grasp many of the things you talk about and always walk away learning something new. I watch every pod.
This podcast is so unbelievably better than all in I cant even describe it.
So much value in this podcast, holy moly!
Really look forward to these podcasts. Appreciate your wisdom & your time. Sprinkle in some stock ideas
Been reading Jamin for a 5-6 years. Smart guy.
Great podcast! Replacing “all in” as the all time favorite ;)
Excellent episode! Best pod that everyone should be watching/listening to
You guys and acquired are too good.
This is such a great show
Great insight! Thanks👌🏾
As an LP in both Altimeter and Khosla, I can say it’s almost night and day, respectively. After this podcast I’m guessing they are positioning themselves for a greater gap.
Always a good podcast!
Oh hell yeah save my Thursday
Inspiring opening Bill!
Constrains drives productivity. Love it!
Great one as always!!
Bill, your Dad is amazing! 26?! Please thank him for all of us.
Notice that Jamin is clearly the only serious person here because he uses a thinkpad. Now I understand why Clouded Judgement is 💯
Over capitalization and resultant dilution of focus is what led to the startup I was working to close doors . Got a lot of money and divested it for doing multiple things. The company eventually ended up burning all of its money without making any progress on either fronts. This led to investors not interested in investing again and shutting the company down. Focused execution and MVP are critical to building intrinsic value and scaling
Thank you!
Great Video
The problem with trying to have a more even distribution is it doesn’t really effect returns due to the impact of the power law, the drag from fees, and the inability of the returns from that evenly distributed outcome to be redeployed.
The interesting fact is that capital is over capitalized which causes inefficiency.
I had interesting career working on pc, embedded, and smartphone. The same person doing similar work could 30-50x in salary now vs 20 years ago, for the work actually less than 20 years ago.
Then you see Venture within large tech corp, they have so much cash that it's a challenge for them to grow. Particularly due to they are finance guys and not tech. I worked in strategy that fed the key long term strategy for internal venture and it's far worse return than if it's built by internal resources. It was a weird dynamic, where small thing in large corp can simply affect drastically.
The video discusses venture capital trends, AI scaling, and market reactions to the 2024 election. Key topics include VC fund sizes, incentives, AI's impact on investments and workforce, GPU scaling, and recent earnings from tech giants.
It sure does, bot.
@swaggitypigfig8413 😁😁
What’s the point of this post? Just watch the damn video.
@michaelholmes8848 we just wanted to make you mad 🤖
@@sooma-ai clearly wasn’t your intention, attention was the intention.
41:30 I would disagree with Bill on this one, during the first half of the ‘90s Telcos invested in Capex around $70 billion per year (in today’s dollars) during the second half of the ‘90s and at the peak of the Dotcom bubble (1999-2000) Telcos invested in Capex around $213 billion (in today’s dollars) just in that year alone. So, we’ve been there, not too long ago… I think at the end of the day the ambition to win and find the winners in the capital markets plus the competition that it entails overtakes any rational and critical decision making, specially in times where there is an overwhelming flow of capital
One of the best features of capitalism.
@ what is the “feature” in this case?
@@lucianoferreyra7744 that capitalism has a boom cycle that leaves us with better stuff. Railroads, telecommunications, software, etc.
I searched “bg2 podcast” and it wasn’t even in the top 5 recommended
The discussion of a new browser was more close than they realize and more wrong than they realize. :-)
Masterclass.
I watched "Why are Democrats voting for Trump?" today on RUclips and it opened my eyes. This is going to be a crazy election.
The ones that will be knocked over first are the form filling out that nobody wants to do and is done due to some data sharing law. Fill out this hospital admit form will be first hero use case
Boards are going to start to require a definitive ROI for their 15 billion plus compute investments before they allow further investments.
quite the “give or take” to get to $50bn after 10 yrs at a run rate of $5bn every 2 yrs
More about Uber, Waymo and Tesla
CIO don't know what they are talking about. because they are too abstracted. When they can let go 90% of their tech employees in a department and still works if not better, that's when they really figured it out. Tech workers are afraid of the fact that if they rewritten a piece of software 5 times and it's still not 'good enough' that their job is secure, they are just incompetent.
The first smartphones/embedded systems I worked on only had 3 sw engineers that build literary everything. As the technology proliferate, we have tens of thousands of engineers working on mobile. Do they need to be working on the same thing or should they move on?
brad what about the sovereign country's would not they could be large scale players in building out their own data centers
Imagine hyping up a company (Visa) downsizing thousands of jobs
First! Yass!
Given this logic, what AI company has the most expected of them? xAI clearly raised the most, and is now clearly executing that by building the biggest supercomputers in the world in 90 days.
So we have to wait 20 years for LPs to figure out they are being ripped off by VCs. Sheesshhh😂
Make Public Markets Great Again
interesting
brainssssss
Brad “Right” Gerstner, makes for a hard listen.
@ don’t tell me what to do loser.
Great conversation, but Bill needs to stop interrupting Brad sometimes when Brad's trying to finish his point
Sachln
AI is the biggest FOMO in history...............
NVDA earning gonna be great. TSMC is so undervalued. 2025 will be great