David Friedberg

It may be that of all the businesses in the scape, like...

The ones that have that scale, that have that multi-product platform, that have a lot of your data, there's a lot of opportunity for them to maneuver their way into an evolution of the business.

You're exactly right.

You're exactly right.

I think that's, that's going to be the distinction of the winners here and the losers.

And are you on the wrong side of this?

By the way,

J. Cal, I think another way to think about this is to the question about maneuverability and who has the gumption to make the hard choices right now.

Look at Benioff.

He's the founder of the company.

He's run this thing since its founding decades ago.

He is willing to bet it all.

He's willing to make the change.

And it may be that the index you buy in this era of AI transformation is the index of founders.

that the founders who are still running their businesses are going to be the ones who are most likely to see the future.

They'll burn the boats.

They'll burn the boats.

They'll make the changes.

And all of the guys who have hired managers to run the business are going to do the things that Chamath's talking about, which is try and charge fees and try and maintain the old way of doing things as opposed to reinvent for the new future.

work well to improve the quality of a business.