Anjney Midha

So from a substantive perspective, we do two things, right?

We have a venture capital business and we have an infrastructure business.

Both things have this very unique property called positive externalities.

When implemented correctly, venture capital can unlock

massive positive externalities for the ecosystem and for the world, because you end up funding innovation when done correctly.

And then infrastructure is the same, right?

When you have compute that's used by small, focused, down-dense teams like Anthropic that's able to produce 10 times more soda capabilities than like DeepMind, which is over 160,000 people,

then you're generating positive externalities for the world by being much more efficient per unit of input with the output they create and so i was like huh well what happens when as an economist you look at positive externalities usually you have market failure you have under consumption of that good well how do you correct the market failure usually you get the government to intervene but if you don't have the government intervening in time what do you do you become a private sector participant and then if you look at the arc of 1885 you know private sector businesses that ended up correcting market failure by

by producing public benefits, they ended up getting regulated as utilities.

That's what AMP is.

AMP is a self-regulated utility that provides venture capital and infrastructure to the world's leading scientific teams.

The next Dario, the next Guillaume at Mistral who created Lama, the next Robin who created Stable Diffusion.

These are my generation's smartest minds.

I'm not smart enough to be them, but I can be their intern.

And instead of waiting

for the rest of the space to come up with standards and institutions to enforce this.

We're like, dude, let's just do it ourselves and show the world you can have fun while doing it with a small team.

You don't need to be, you know, something called a, you know, like these words like RIA, multi-stage asset class firm doesn't matter.

Just let's skip ahead to the part, the good part.

And like, you know, use all the proceeds that we get from management fees and carry to keep the space like innovating at the base that we were promised, you know, 12, 13 years ago.