Chamath Palihapitiya

is how they do compensation.

is how they do compensation.

And so I kind of think like at some point the next shoe will drop and all of these tech companies have to really look at stock-based comp because they literally incinerate most, if not all of their free cashflow fighting the dilution from stock-based compensation.

And so I kind of think like at some point the next shoe will drop and all of these tech companies have to really look at stock-based comp because they literally incinerate most, if not all of their free cashflow fighting the dilution from stock-based compensation.

So if you want five or six years to just be in the arena on the field, figuring this out, you're going to want to kind of be very cashflow generative and really conservative in how you spend your money.

So if you want five or six years to just be in the arena on the field, figuring this out, you're going to want to kind of be very cashflow generative and really conservative in how you spend your money.

Yeah.

Yeah.

Ryan Peterson just posts on x Claude for legal seems to work just as well as Harvey, by the way.

Ryan Peterson just posts on x Claude for legal seems to work just as well as Harvey, by the way.

Now the SaaS apocalypse is going after private companies now, too.

Now the SaaS apocalypse is going after private companies now, too.

I think you're right.

I think you're right.

I think you're going to see a 10x-ing in

I think you're going to see a 10x-ing in

the demand for tokens, but I also think you're going to see a 90% price reduction in the cost of an output token, probably by the end of this year.

the demand for tokens, but I also think you're going to see a 90% price reduction in the cost of an output token, probably by the end of this year.

So I think that, to your point, it's going to just create an enormous upswell of demand because we're going to be able to cut the prices of an output token so dramatically.

So I think that, to your point, it's going to just create an enormous upswell of demand because we're going to be able to cut the prices of an output token so dramatically.