Bill Maris

speaker
608 appearances 2 recordings 2 series first heard Jun 2026 last heard 9 Jun

Bill Maris’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
2 · Jun OctJan 26AprJulnow

Recordings per month over the last 12 months — 2 in all, peaking in Jun 2026 with 2.

Appearances

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And there's nothing wrong with late-stage investing.
However, I also have an observation that...
a bit of an objection to companies that wrap themselves up in public benefit language and then keep the value creation to themselves and an elite group of investors
through a big part of the curve, and then say, well, we're here to benefit humanity.
Well, what humanity needs is money, so it might be better to go public sooner, because we'll see how these multi-trillion dollar IPOs go.
However, if I'm Google, and I don't speak for Google, and I decide to arbitrarily cut the cost of tokens to
80%, I'm gonna cut them in.
What happens to the business models of OpenAI and Anthropic at that point?
Well, if you're a company and you can go to Google and Gemini and you can pay 80% less for that basically identical product,
Why wouldn't you do that?
And then the compression and the pressure on those other businesses goes super critical.
If I were Google, that's what I'd do.
Would that not be the rational thing for... It's clear they're going to do it.
It's 100% probable.
Look, it's been said before, a trillion for spend commitments on $60 billion of revenue.
And now you're going to go to the public and hope that retail is going to pick that up?
Well, let's speak for those 99% who are mostly not us, right?
So those 401ks, those retirement plans,
to get into those companies now, which are getting bizarre exceptions to S&P 500 rules.
All of the rules are being broken.
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