Bill Gurley

Life moves fast. I never expected to meet David, but we ended up spending much time together. A true legend. I’m glad we had the opportunity to work together.

I’m with you Jesse! @chetanp and @modestproposal1 took all the trends people thought were problems and flipped the table. Great content changes your perceptions. A++++

ChatGPT vs Perplexity: https://t.co/sBB10Q9fKR

More proof that regulation is the friend of the incumbent.

🤘🤘🤘🤘🤘 https://t.co/aRJ1eH1HjL

More amazing open-source innovation! Would be both cheaper and faster.

Must listen.

My favorite part of @dealbook today. Both SamA & Bezos were probed if they feared Elon abusing relationship with president elect to benefit his competitive position. BOTH of them said they didn’t think that’s how Elon rolls. Independently both had same POV. Despite rivalry. https://t.co/EvgXjKdY1H

Super important read today from Sky Dayton. “The most shareholder friendly pay package in history.”

@Jack_Raines But lawyers have a massive incentive to just cry foul all the time.

Serious question for legal experts on X. In a contingency lawsuit, lawyer might make 30% of recovery. So plaintiff makes 70%. Did the plaintiff here make $1b on his 9 shares? Doubtful. What allows a lawyer to make 1000x+ the plaintiff itself? Please explain. Seems strange to me.

When VC $$$ are spent on large billboards, it is usually: https://t.co/UJPa9kr0ke

Brad and I hit 10 topics in quick rotation. Thanksgiving snacks! Also talk “compounding IPO ratchets” Stay away from all investors that write that term!!! Far, far away.

The most well-funded players in the AI space (& their investors) mounted a SBF level lobbying effort to try & "pull up the ladder" i.e. keep the market for themselves. Hopefully, new administration will recognize & avoid their input in new considerations. https://t.co/eTiovrmrf2

This is fantastic.

Good question!

It is super exciting to see @AnthropicAI lean on open-source as part of its competition with other LLMs! This will likely be confusing to regulators, as Anthropic has been actively anti-open-source in Washington. Maybe they are starting to turn the page on that front. I hope so.

A "compounding ratchet" sounds painful (it is!). Looks like company agreed to "dirty" term sheets. On the IPO, some investors will now have an incentive to push for a lower price. Best to steer WAY, WAY clear of investors asking for compounding ratchets. https://t.co/3h72RQbbY9

Paper marks are …. well, they are on paper.

For those that want to go a level deeper on AI trends, I highly recommend this hyperbole-free conversation with ⁦@aidangomez⁩. Information dense. https://t.co/VHHIL5p2CJ

This will certainly delay IPOs.

Wonderful idea. Super sensible. Pragmatic thinker. https://t.co/fbJtRhBDQ9

This is the wrong read (below). All major cities are "wringing their hands" because housing costs are too high, & there are concerns about homelessness & housing affordability. Texas (Houston/Austin) have changed zoning and policy (YIMBY), & it's working! Take notes. https://t.co/F05d8ycjl6 https://t.co/gmZmZhy1Xv

I’m super ignorant on this. What’s the claim? What’s the justification for the raid? Dead serious.

Took four years, but nice to know finding the “root cause” of the biggest catastrophic world wide event since WW2 is now in focus. You cannot stop the next one if you don’t know what caused this one. Important work. Follow @emilyakopp, @KatherineEban, and @Ayjchan.

Interesting to see multiple articles that highlight we are hitting scaling limits to large model training. ChatGPT itself told me over a year ago this was likely to happen. https://t.co/ngiaJZY2bw

Better answer is to fully green light FedNow!

While regulatory capture keeps the senate/congress slowing FedNow, Brazil started, finished, & their version is now thriving. China, India, UK all have this. Meanwhile Visa/Mc have two of the highest operating margin % in all US companies. Pix: https://t.co/QOZsWlkdjK UK faster payments: https://t.co/gSwsAUfB8v UPI (India): https://t.co/fnXRPpW0HG

Lurie for Lurie!!!

This is important because South Korea can build traditional fission plants at 25% of the costs that we do in the US. Hope we are in “listen” mode.