Bret Taylor

And even when I went to Stanford, I think if you'd met me that summer before, I probably would have said I probably want to be a lawyer. But then the combination of my accidental entrepreneurial experience, plus going to Stanford and the dot-com bubble, First quarter at Stanford, I took a class called CS106A, which is sort of the intro class and the rest is history.

I was so obsessed with software at that point. I would do it in my spare time. It had nothing to do with school. I was just totally obsessed with the craft.

I was so obsessed with software at that point. I would do it in my spare time. It had nothing to do with school. I was just totally obsessed with the craft.

I was so obsessed with software at that point. I would do it in my spare time. It had nothing to do with school. I was just totally obsessed with the craft.

Is that the first billion dollar seed round, by the way? I think it is the first, right? There's no, there must be, right? Yeah.

Is that the first billion dollar seed round, by the way? I think it is the first, right? There's no, there must be, right? Yeah.

Is that the first billion dollar seed round, by the way? I think it is the first, right? There's no, there must be, right? Yeah.

That might be a $10 million seed round.

That might be a $10 million seed round.

That might be a $10 million seed round.

I think we are in a bubble, but I think bubbles have different shapes. There's a Mark Twain quote that history doesn't repeat itself, but it rhymes. And I think the AI bubble will rhyme with the dot-com bubble. I believe with the benefit of hindsight, most of the excess of the dot-com bubble might have been justified.

I think we are in a bubble, but I think bubbles have different shapes. There's a Mark Twain quote that history doesn't repeat itself, but it rhymes. And I think the AI bubble will rhyme with the dot-com bubble. I believe with the benefit of hindsight, most of the excess of the dot-com bubble might have been justified.

I think we are in a bubble, but I think bubbles have different shapes. There's a Mark Twain quote that history doesn't repeat itself, but it rhymes. And I think the AI bubble will rhyme with the dot-com bubble. I believe with the benefit of hindsight, most of the excess of the dot-com bubble might have been justified.

If you look at the top market cap companies in the world, they include Amazon, they include Google. If you look at across segments, it's PayPal, eBay. If you look at the enterprise software companies like Salesforce started in 1998, if I'm remembering correctly. All of these companies were started in the dot-com bubble.

If you look at the top market cap companies in the world, they include Amazon, they include Google. If you look at across segments, it's PayPal, eBay. If you look at the enterprise software companies like Salesforce started in 1998, if I'm remembering correctly. All of these companies were started in the dot-com bubble.

If you look at the top market cap companies in the world, they include Amazon, they include Google. If you look at across segments, it's PayPal, eBay. If you look at the enterprise software companies like Salesforce started in 1998, if I'm remembering correctly. All of these companies were started in the dot-com bubble.

And I think people associate mentally and emotionally the dot-com bubble is associated with Webvan and Pets.com. But actually, if you look at the most frothy statements about the dot-com bubble and the transformation of the economy, and you fast forward almost 30 years from that point, maybe it was true.

And I think people associate mentally and emotionally the dot-com bubble is associated with Webvan and Pets.com. But actually, if you look at the most frothy statements about the dot-com bubble and the transformation of the economy, and you fast forward almost 30 years from that point, maybe it was true.

And I think people associate mentally and emotionally the dot-com bubble is associated with Webvan and Pets.com. But actually, if you look at the most frothy statements about the dot-com bubble and the transformation of the economy, and you fast forward almost 30 years from that point, maybe it was true.

When you look at how much Amazon disrupted commerce, how much consumer payments have been transformed by digital technology, it took a few waves of technology like smartphones and NFC to really fully realize that vision. A huge percentage of the gains in the stock market over the past 30 years have more or less been these digital companies created in the dot-com bubble.