Bill Gurley

And I still feel that for any company that's got benchmark attached to it.

I don't know that I'll ever not feel that way.

So that is what it is.

That's, I think, a lot of how this world works.

In terms of just the technologies, I think some of the non-LLM stuff is super exciting.

I can't wait to see what's possible with robotic intelligence.

I'd love to see us make gains in the healthcare space.

I don't think all disease will be gone in 10 years, like the AI founders are saying.

I think that's a ridiculous thing to say out loud, but it'll be fun to watch it all.

As you said, I'm using this stuff every day.

The pace of change is the fastest I've ever seen in my entire career.

If you miss a week of news, it's like a different world a week later.

As a rule of thumb, if I were a professor, I would say you could study it mathematically and it hasn't been a great place for returns.

And you could look at there was a massive amount of venture capital put into solar 15, 20 years ago, and it didn't work.

There's one exception to this whole rule, and it's anything Elon Musk touches.

So SpaceX and Tesla are data points, but they're outliers, really, and they're both attached to Elon.

So I think we'll have to see four or five of those from non-Elons to know if it's possible.

What I've learned and heard and studied about his execution prowess and his speed that he develops inside of these companies, I don't know that others can handle that or are capable of it.

It'd be great for the world if they are and they are successful.

And by the way, we've seen waves of capital availability lead to more interest in businesses that are less capital efficient.