Ben Horowitz

So, I mean, that's my follow-up.

Yeah, well, so I'll just give you one example.

So the biggest one that got proposed to me like 18 times was

Well, with AI, AI is very much like when the spreadsheet happened, that kind of launched private equity, right?

Because all of a sudden, you could go in and make all these big companies much more efficient by having them adopt this new technology.

And AI even more so, right?

You can go in and you can go into an old company and you can make it much more efficient with AI.

And there's many VCs who are kind of going with that idea.

And for me, like, there's, I would say, two big reasons I didn't want to do it.

One is it's culturally the opposite of venture capital.

You don't like leveraged buyouts, basically.

Yeah, LBOs.

So, like, look, venture capital is about investing in entrepreneurs with new ideas and focusing on how they can grow fast.

Leveraged buyouts are about, you know, entry price growth

making it more efficient, firing people.

And I don't really want to grow it.

I just want to make more money out of what it is.

And so, like, if you're in the venture capital mindset, you're looking for the great entrepreneur to go build something amazing.

If you're in the leveraged buyout market, you're caring about, like, okay, I'm going to bring in a professional.

I'm going to have them run this more efficiently and so forth.