Bill Gurley

That's great. As you know, we're shareholders in CoreWeave. Since a couple rounds ago, we were one of the largest buyers in the IPO, and we're happy we did. I have to say, on Friday, I was pretty damn nervous, Bill. It broke the offering price, went down to about $37 a share.

That's great. As you know, we're shareholders in CoreWeave. Since a couple rounds ago, we were one of the largest buyers in the IPO, and we're happy we did. I have to say, on Friday, I was pretty damn nervous, Bill. It broke the offering price, went down to about $37 a share.

I think today they had some announcements of this deal with Google where they're going to provide NVIDIA-graced Blackwells through CoreWeave. So Google's going to be buying a bunch of NVIDIA chips through CoreWeave. And one of the big criticisms of this company was they were too dependent upon Microsoft. But now they've diversified.

I think today they had some announcements of this deal with Google where they're going to provide NVIDIA-graced Blackwells through CoreWeave. So Google's going to be buying a bunch of NVIDIA chips through CoreWeave. And one of the big criticisms of this company was they were too dependent upon Microsoft. But now they've diversified.

I think today they had some announcements of this deal with Google where they're going to provide NVIDIA-graced Blackwells through CoreWeave. So Google's going to be buying a bunch of NVIDIA chips through CoreWeave. And one of the big criticisms of this company was they were too dependent upon Microsoft. But now they've diversified.

They have Microsoft, Meta, now Google, OpenAI, NVIDIA, Cohere, Mistral. And so I think they've really emerged as the leading AI kind of cloud. And the stock in the last couple of days, despite the fact they took it public last Friday. I mean, talk about taking a company public into a category five hurricane. I mean, we had...

They have Microsoft, Meta, now Google, OpenAI, NVIDIA, Cohere, Mistral. And so I think they've really emerged as the leading AI kind of cloud. And the stock in the last couple of days, despite the fact they took it public last Friday. I mean, talk about taking a company public into a category five hurricane. I mean, we had...

They have Microsoft, Meta, now Google, OpenAI, NVIDIA, Cohere, Mistral. And so I think they've really emerged as the leading AI kind of cloud. And the stock in the last couple of days, despite the fact they took it public last Friday. I mean, talk about taking a company public into a category five hurricane. I mean, we had...

We had like Liberation Day staring us in the face and they had to fly into that. And as you pointed out, it wasn't the least controversial of IPOs, but I have to give credit to Mike Intrator and his team. And listen, I'm here in Silicon Valley. They started this company five years ago. It's worth over $30 billion today.

We had like Liberation Day staring us in the face and they had to fly into that. And as you pointed out, it wasn't the least controversial of IPOs, but I have to give credit to Mike Intrator and his team. And listen, I'm here in Silicon Valley. They started this company five years ago. It's worth over $30 billion today.

We had like Liberation Day staring us in the face and they had to fly into that. And as you pointed out, it wasn't the least controversial of IPOs, but I have to give credit to Mike Intrator and his team. And listen, I'm here in Silicon Valley. They started this company five years ago. It's worth over $30 billion today.

It's played a really important role in standing up OpenAI and a lot of the leading AI labs. And I just think that's a good thing for all of us. But it's also fair to ask the questions that you've asked around kind of the durability, if you will, about CoreWeave and the revenue.

It's played a really important role in standing up OpenAI and a lot of the leading AI labs. And I just think that's a good thing for all of us. But it's also fair to ask the questions that you've asked around kind of the durability, if you will, about CoreWeave and the revenue.

It's played a really important role in standing up OpenAI and a lot of the leading AI labs. And I just think that's a good thing for all of us. But it's also fair to ask the questions that you've asked around kind of the durability, if you will, about CoreWeave and the revenue.

Well, you know, somebody else I should mention is Morgan Stanley. I mean, they took a lot of heat last Friday, you know, on this deal. Why are you bringing it now? You know, the stock went below 40. CNBC was roundly critical of, you know, of the company, you know, and of Morgan Stanley. And the stock's at $60 or whatever it ended today at. And so, again... You know, we feel good as shareholders.

Well, you know, somebody else I should mention is Morgan Stanley. I mean, they took a lot of heat last Friday, you know, on this deal. Why are you bringing it now? You know, the stock went below 40. CNBC was roundly critical of, you know, of the company, you know, and of Morgan Stanley. And the stock's at $60 or whatever it ended today at. And so, again... You know, we feel good as shareholders.

Well, you know, somebody else I should mention is Morgan Stanley. I mean, they took a lot of heat last Friday, you know, on this deal. Why are you bringing it now? You know, the stock went below 40. CNBC was roundly critical of, you know, of the company, you know, and of Morgan Stanley. And the stock's at $60 or whatever it ended today at. And so, again... You know, we feel good as shareholders.

I feel good for the people involved in the company. Obviously, there are still questions, you know, that remain about the business. You mentioned depreciation.

I feel good for the people involved in the company. Obviously, there are still questions, you know, that remain about the business. You mentioned depreciation.

I feel good for the people involved in the company. Obviously, there are still questions, you know, that remain about the business. You mentioned depreciation.