Bill Gurley

And so I think the answer is if you're high agency and super curious, it's an accelerator.

But

The unfortunate reality is I'd say the vast majority of people, at least in the U.S., aren't in that place.

It certainly would seem to me that you'd be more at risk in that case.

Like ambivalence becomes a bit of a problem.

And the other thing that I would say, which is not something that's necessarily in the book, which is the best way to inoculate yourself against AI risk is to be the most AI-enabled version of yourself you can possibly be.

So to know in your field what it's capable of, and even just you can be more prescriptive.

Let's say there are 30 people in your role at your company.

Let's say you're the one that knows the most about what AI can do in that functional group.

You're the least at risk.

Like, you're the one they're going to talk to about how to get leverage.

So, the worst thing you could possibly do would be to be skeptical about AI and angry about AI and to, you know, have blinders and not even try and play with it.

Yep.

The industry has only systematically gotten more competitive through my entire career.

And it was more competitive when I joined than it was 20 years before that when it was very oligopic.

And it's way more competitive now as I move away from the venture industry.

And that competitive dynamic in its current form

has resulted in really, really big checks going into any company that looks like it's breaking away.

And most of those rounds now are done preemptively, meaning the company didn't decide to go out and raise money.

There are investors with billion-dollar funds who may not have that bumper sticker on their car who are calling saying, please, please take my money.