Eric Newcomer

Tom Dutton on my team wrote the piece.

But I do think, you know, The Traitors is so exaggerated and there's a reason for it.

I still, I'm not saying that I could host it that way, but there is a reason that Hollywood and the TV business is so exaggerated.

And I think they still need to up it even more, the sort of drama of it all.

They weren't going to take Founders Fund's money, but now that Trey is great.

They're in.

How are you thinking about the evolution of the Tier 1?

The Tier 1 VC.

It feels like the Tier 1 VCs of when you started Newcomer are not the same.

uh the same today they're just constantly spicy this is the the question of all questions um i mean i want to say first of all i mean i i would always i'd put sequoia i guess number one to to answer the question i think i wrote a piece well i'm not even telling you i'm not even telling you like to to give me name them all name them name them all but but you're welcome you're welcome to but this this will be a scoop for us

This will be a scoop for us.

Who do I think are the top tier?

I just mean, to me, there's been a very, very material shift.

And no one has really said it out loud.

There hasn't been.

I think you'd be in a position to actually do this because you have to go talk to the top 100 founders under $10 billion market cap or below and say, at Series A, you basically make them choose who they would pick every single round.

And there's been some random surveys and games that you can play to try to get at it.

But I think if you actually had it, you were doing... I've seen this idea on Twitter.

Who is the firm or where's the real switch?

Or who do you think the swap would be?