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Brad Gerstner

πŸ‘€ Speaker
2921 total appearances

Appearances Over Time

Podcast Appearances

All-In with Chamath, Jason, Sacks & Friedberg
Does OpenAI Need a Bailout? Mamdani Wins, Socialism Rising, Filibuster Nuclear Option

Totally, totally.

All-In with Chamath, Jason, Sacks & Friedberg
Does OpenAI Need a Bailout? Mamdani Wins, Socialism Rising, Filibuster Nuclear Option

So it was really good.

All-In with Chamath, Jason, Sacks & Friedberg
Does OpenAI Need a Bailout? Mamdani Wins, Socialism Rising, Filibuster Nuclear Option

And then, since, um,

All-In with Chamath, Jason, Sacks & Friedberg
Does OpenAI Need a Bailout? Mamdani Wins, Socialism Rising, Filibuster Nuclear Option

That went so well, the JETRO, which is the Enterprise Trade Organization of Japan, called me and said, we want to do it in Japan.

All-In with Chamath, Jason, Sacks & Friedberg
Does OpenAI Need a Bailout? Mamdani Wins, Socialism Rising, Filibuster Nuclear Option

So I'm leaving here to go to Japan and announce the launch of it.

All-In with Chamath, Jason, Sacks & Friedberg
Does OpenAI Need a Bailout? Mamdani Wins, Socialism Rising, Filibuster Nuclear Option

Oh, wow.

All-In with Chamath, Jason, Sacks & Friedberg
Does OpenAI Need a Bailout? Mamdani Wins, Socialism Rising, Filibuster Nuclear Option

And then we'll have it in three cities, the United States, or three countries, United States, Saudi, and Japan, which will officially start in January.

All-In with Chamath, Jason, Sacks & Friedberg
Does OpenAI Need a Bailout? Mamdani Wins, Socialism Rising, Filibuster Nuclear Option

I'm just going there to do like a press tour about it.

All-In with Chamath, Jason, Sacks & Friedberg
Does OpenAI Need a Bailout? Mamdani Wins, Socialism Rising, Filibuster Nuclear Option

So, you know, we get a fee to run the program, but it's not going to, you know, match venture investing, obviously.

All-In with Chamath, Jason, Sacks & Friedberg
Does OpenAI Need a Bailout? Mamdani Wins, Socialism Rising, Filibuster Nuclear Option

It just kind of underwrites the cost of it.

All-In with Chamath, Jason, Sacks & Friedberg
Does OpenAI Need a Bailout? Mamdani Wins, Socialism Rising, Filibuster Nuclear Option

And then that creates the funnel.

All-In with Chamath, Jason, Sacks & Friedberg
Does OpenAI Need a Bailout? Mamdani Wins, Socialism Rising, Filibuster Nuclear Option

About 5% of the companies that come to, 5 to 10% of the companies that come to Foundry University wind up going to the accelerator or we make a direct investment.

All-In with Chamath, Jason, Sacks & Friedberg
Does OpenAI Need a Bailout? Mamdani Wins, Socialism Rising, Filibuster Nuclear Option

So it's a pre-accelerator, but it lets us get to the companies before Techstars or Y Combinator or other folks even know they exist because half of them aren't incorporated yet, right?

All-In with Chamath, Jason, Sacks & Friedberg
Does OpenAI Need a Bailout? Mamdani Wins, Socialism Rising, Filibuster Nuclear Option

So that's kind of the exciting part about it is we meet them when they're just two or three people working on a prototype.

All-In with Chamath, Jason, Sacks & Friedberg
Does OpenAI Need a Bailout? Mamdani Wins, Socialism Rising, Filibuster Nuclear Option

But their valuations of those three companies, one is Cognition, now at $15 billion.

All-In with Chamath, Jason, Sacks & Friedberg
Does OpenAI Need a Bailout? Mamdani Wins, Socialism Rising, Filibuster Nuclear Option

One is Decagon, now at $4 billion.

All-In with Chamath, Jason, Sacks & Friedberg
Does OpenAI Need a Bailout? Mamdani Wins, Socialism Rising, Filibuster Nuclear Option

And the other one is Distilled that just raised at $2 billion.

All-In with Chamath, Jason, Sacks & Friedberg
Does OpenAI Need a Bailout? Mamdani Wins, Socialism Rising, Filibuster Nuclear Option

I mean, the rate at which these companies are scaling for the best companies, really.

All-In with Chamath, Jason, Sacks & Friedberg
Does OpenAI Need a Bailout? Mamdani Wins, Socialism Rising, Filibuster Nuclear Option

I mean, Angel Money is now real money.

All-In with Chamath, Jason, Sacks & Friedberg
Does OpenAI Need a Bailout? Mamdani Wins, Socialism Rising, Filibuster Nuclear Option

It's going to be interesting to see how...