Cyan Banister
speaker
346 appearances
3 recordings
2 series
first heard Jan 2025
last heard Apr 2025
Cyan Banister’s voice in public audio — every appearance, attributed to the second.
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Appearances
Yeah, I want to know from David what his favorite piece of art is there and whether or not David and Chamath saw the Declaration of Independence.
I think you'll get a chance to.
Well, 181, 181, 181, and 18. 18 stands for life to people who are Jewish, and my partners are Jewish. And it was something that was very important to them and to me to stand up after October 7th and take a very public stance. And so we announced our funding announcement on Bloomberg yesterday, and our office is on 18th Street. Yeah.
Yeah.
And so now we're helping institutions help people go to school, solving cancer and things like that. So every day that we get up in the morning, we're aligning what we do. Our mission is to chase the magically weird. We're looking for alpha in things.
When everybody is consensus investing and they're doing the same thing and talking about the same things, we're thinking six to eight years in the future. When our fund three, we invested in a company in the chip space And, you know, we were thinking ahead about what's going to power AI and crypto.
And now that everybody's investing in the application layer, we're going into the next thing, which is like, what is that going to enable? And what's coming down the road and looking for founders that are thinking differently that most other of my peers would look at it and say, that's crazy. I don't want to put any money into that. So that's what we focus on.
Yeah, that was a magically weird company at the time. If you remember, I sent it around to multiple investors and they came back with the stupidest excuses I ever heard, but it was their excuse, which is, you know, Not everyone wants a black car. The car doesn't come to my house yet. No one wants to get into a stranger's vehicle. The list goes on and on.
But it takes a vision of seeing the future and seeing how it plays out and believing in all the miracles that are gonna happen And getting in early is where all the alpha is, you know, before the thing is defined as a category. So that's where I like to play is I don't want it to even have a market name yet.
That's where like all of my peers can go lose all their money in an ocean of dead bodies because like I don't want to play there. Yeah. And you get a price advantage too, right? Like if you enter early before it's a defined category, you're taking on a lot of risk. And so, you know, I'm getting deals anywhere from like five to 10 posts while all of my peers are playing in the 20 to 30 range.
I think that the government has long relied on private industry to solve some of its biggest problems, and that's what sets us apart from other countries in the world. And so you look at some of the best companies like SpaceX, Anduril, et cetera. We need more companies like this if we're going to compete. And so doing this absolutely makes sense.
And it's just going to help the sales cycle to get that sort of stamp of approval that, you know, our government is using that software.
I think it's incredibly lowbrow. I agree with Chamath. And I think it's just so distasteful for a public official to do something like that, especially for an American company. And if you hear the people cheering in the background, it's obvious that there's a base that supports this. And that frightens me even more because he's saying these things because his constituents believe it.
And a politician says these things because they think it's going to motivate them to vote for them in the future. And that really frightens me. You know, that we are riling people up to cheer on the destruction of American company and possibly go out and burn cars. You know, I think that's the outcome.
Well, I disagree with all those points, obviously, but... Sure, they could run on them. They have tried. They've definitely said, we're going to have health care for all. Selling the American dream of home ownership I actually think is flawed in many ways. We're putting people into debt for things they can't afford, and they get screwed.
And so I just actually think they need to find a unifying, figure out who their moderates are. And there's also politically homeless people. We didn't include them. You know, there's these people who are just like, well, I can't vote right and I'm not left either anymore. So we've got to bridge this divide somehow and they've got to figure out the messaging.
But I don't think going back to what they used to do is going to work because they promised universal health care and it hasn't happened and they had plenty of opportunity to do so.
Yeah, I'm going to start with my thoughts on Wiz. I think this is really exciting for me because this is a great example of a contrarian investment. When this investment was initially made, there was not a lot of money going into security. There still isn't. It's an underinvested category.
And with AI and the threat of the types of things that people can build and vibe coding and everything in between, you're going to need better security. And so I'm excited to see that maybe this might become an investable category. I think this is the largest exit ever in the security space. Am I wrong? I mean, I think...
Yeah. I don't think I've ever heard of anything this large.
Showing 221–240 of 346 · page 12 of 18
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