Bill Gurley

I don't know that that means every VC under the sun should jump into this stuff.

It's hard.

If you can make a software company, or as people like to say, a social network company, spring to life and generate revenue growth in high margin, boy, that's a much easier path to riches than what we're talking about now.

If I were still an active GP, and I think a few people are doing this, but if I were an active GP, I would be thinking about verticals in AI and thinking about where AI is exceptionally great.

It's exceptionally great in language.

Coding is a tighter form of language, so it's even better at coding.

And there are areas where that matters.

A lot of this is played out.

It matters in legal.

That matters in customer support.

But there's probably other pockets that have yet to be fully explored.

But that fit is super interesting to me.

My gut is that we have a problem.

I've always been more of an analyst than an optimist, even though I was successful in venture.

So I had to be somewhat of an optimist.

But I started as a security analyst.

I'm born with more of a critical thinking hat.

So my bias would be that way.

And someone could certainly take the other side and say, oh, Gurley's always predicting the next downturn or whatever.

Yeah.