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14 results for “platform investing”
...AI platforms, whether it's via coding or or otherwise. But, also, I think in previous platform shifts, for example, the advent of the smartphone and the transition to mobile, you know, there was an explosion of apps in the App Store, and you could ha
12:46 / 13:52
from transcript12:46 – 13:52
...investing over the last ten years looks a little bit like this, right? So these companies or these kinds of companies, they all used to be public businesses. And the natural owners of them were public market organizations. It was Bailey Gifford. It w
38:59 / 40:00
from transcript38:59 – 40:00
...investing versus So so so so we had a public pool of capital, which was long short technology effectively. We also became pretty well known for doing a lot of travel related investments. But in that pool of capital, we could also do a certain amount
46:30 / 47:30
from transcript46:30 – 47:30
...investing in is is in you. Like, it is basically like raising a gigantic angel round with no lead. That was the first one, because I've gotten a lot better, raising ever since. But also venture has changed really dramatically in the four or five year
6:43 / 7:45
from transcript6:43 – 7:45
Marc Andreessen from a sixteen z famously proclaimed a decade ago that software is eating the world. This prophecy has proved prescient. Cloud computing enabled the rapid cost effective deployment of software, startups flourished, and venture capital
0:52 / 1:55
from transcript0:52 – 1:55
firms that have a broader mandate, maybe at pre seed or seed, the area that you would struggle more with is winning because you are not able to, like, totally zone in and say, I am the expert in, I don't know, x y z field. And, oh, by the way, here's
17:25 / 18:27
from transcript17:25 – 18:27
...is the platform resources. Some of that is being part able to participate in larger rounds. We're seeing it right now with this platform shift in AI that some of the the funding rounds are happening. They're just much larger in size. More capital is
3:00 / 4:06
from transcript3:00 – 4:06
less than any series a or larger fund was willing to accept, and this was their first ability to really invest in venture capital. The problem, though, is those people are less tolerant of severe illiquidity. And severe illiquidity is exactly what we
52:35 / 53:41
from transcript52:35 – 53:41
...is sort of investing one zero one, right, which is you wanna know what's going on in that business. Public companies have the ability to file quarterly and annual reports. In this case here with private companies, you don't have that same access to t
11:12 / 12:18
from transcript11:12 – 12:18
which said something to the effect of why are we all doing this like, why are we all doing VC on hard mode? Just like find a AI company to put a billion dollars into that will be worth 5,000,000,000 in twelve months. And everyone could kinda stop and
21:52 / 23:00
from transcript21:52 – 23:00
invest in a lot of the space propulsion. It was so CapEx heavy that the only way that it made sense was to do it in this HoldCoast structure, and that company went public four years after we invested. So, you know, I would say evolving the portfolio
35:59 / 37:00
from transcript35:59 – 37:00
there's the direct listing, and then there's the reverse merger or the SPAC. Up until I floated IPO a in 2018, I think it was, The first way was really the only way. I was involved in two direct listings, Slack and Coinbase. And in both of those, wha
17:59 / 19:04
from transcript17:59 – 19:04
...stage investing liquidity versus IPOs and M and A for late stage? And if so, does that mean that venture capital is now essentially just precede through, like, a, and then b plus is just, like, private equity? I would say it's more, like, from incept
39:44 / 40:45
from transcript39:44 – 40:45
...that were investing in companies like Facebook and Twitter, companies like LinkedIn and a handful of others. But then it was sort of the rise of the over the counter platform technology that was providing interesting access to these companies. But it
13:23 / 14:25
from transcript13:23 – 14:25
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