Caroline Hyde

We expect to triple, if not quadruple the team over both locations.

This could be a huge year, Alfred, for IPOs and for companies that you're invested in.

I think of Anthropic, I think of OpenAI.

It seems as though Stripe, which you're invested in, is going to be holding off for a little bit longer.

But Alfred, where's your optimism there?

Is 2026 the year?

What is your optimism, Alfred, on companies like Snowflake that you've been in for a very long time, on their ability to take on this moment of reckoning in software, on this moment of reckoning in disruption?

Can they rebuild from within?

Can they be the ones that survive what many feel is going to be ultimate disruption?

Well, certainly the CEO comes from an AI startup.

Alfred Lin, partner at Sequoia.

Michael Manipat, CEO of Rowspace.

Joy having you both on.

Thank you very much indeed.

Coming up, all eyes are on Jensen and NVIDIA and its earnings.

More on what investors can expect.

This is Blue Bag Tech.

There are some big earnings to keep on after the closing bell, and it's not just NVIDIA.

Salesforce, Snowflake, we've just been discussing with Brody how the pressure is on these executives to fight the good fight versus AI and disruption.

We've got seen both trading higher ahead of the numbers.