Eric Vishria

Just to put it in perspective, like $100 billion, even for the oil state companies of technology, doing $100 billion acquisition is unprecedented.

Just to put it in perspective, like $100 billion, even for the oil state companies of technology, doing $100 billion acquisition is unprecedented.

Just to put it in perspective, like $100 billion, even for the oil state companies of technology, doing $100 billion acquisition is unprecedented.

Yes. I mean, I think, well, I think there's two things, which is like if $30 billion acquisitions are not unprecedented, and maybe you could say like in this world, you know, therefore 100 also is not like that big of a stretch. Like that isn't that huge a multiple, but it does feel like a big number to me.

Yes. I mean, I think, well, I think there's two things, which is like if $30 billion acquisitions are not unprecedented, and maybe you could say like in this world, you know, therefore 100 also is not like that big of a stretch. Like that isn't that huge a multiple, but it does feel like a big number to me.

Yes. I mean, I think, well, I think there's two things, which is like if $30 billion acquisitions are not unprecedented, and maybe you could say like in this world, you know, therefore 100 also is not like that big of a stretch. Like that isn't that huge a multiple, but it does feel like a big number to me.

Well, I think the antitrust thing is a big question.

Well, I think the antitrust thing is a big question.

Well, I think the antitrust thing is a big question.

I don't think so. And I don't think so for two reasons. One is through 30 years of performance, I think we have unprecedented flexibility in what we do. And so if we want to write a $50 million check, we can write a $50 million check and we have. And if we want to write $150 million check, we can write $150 million. check. If we deploy a fund in 18 months or a year, it's fine.

I don't think so. And I don't think so for two reasons. One is through 30 years of performance, I think we have unprecedented flexibility in what we do. And so if we want to write a $50 million check, we can write a $50 million check and we have. And if we want to write $150 million check, we can write $150 million. check. If we deploy a fund in 18 months or a year, it's fine.

I don't think so. And I don't think so for two reasons. One is through 30 years of performance, I think we have unprecedented flexibility in what we do. And so if we want to write a $50 million check, we can write a $50 million check and we have. And if we want to write $150 million check, we can write $150 million. check. If we deploy a fund in 18 months or a year, it's fine.

We can do whatever we want. The fund thing is almost like irrelevant artifact of history and accounting. And so I don't worry about it there. So that's one part of it. The second part of it is... Does it not just impact your decision-making?

We can do whatever we want. The fund thing is almost like irrelevant artifact of history and accounting. And so I don't worry about it there. So that's one part of it. The second part of it is... Does it not just impact your decision-making?

We can do whatever we want. The fund thing is almost like irrelevant artifact of history and accounting. And so I don't worry about it there. So that's one part of it. The second part of it is... Does it not just impact your decision-making?

You know, I think one of the things that we maybe think about almost not at all is we almost never think about like fun cycle or fun timing or anything else. And we almost never think about or talk about portfolio construction or anything else like we it does not come up.

You know, I think one of the things that we maybe think about almost not at all is we almost never think about like fun cycle or fun timing or anything else. And we almost never think about or talk about portfolio construction or anything else like we it does not come up.

You know, I think one of the things that we maybe think about almost not at all is we almost never think about like fun cycle or fun timing or anything else. And we almost never think about or talk about portfolio construction or anything else like we it does not come up.

It's really interesting because when I talk to other venture capitalists, they're like, well, how do you think about the portfolio construction? And how do you think about check diversity and company? And just like never, ever talk about it. And so it isn't a thing. Genuinely isn't a thing. That's a bunch of inherited goodness and flexibility. I think there's this amazing Munger quote.

It's really interesting because when I talk to other venture capitalists, they're like, well, how do you think about the portfolio construction? And how do you think about check diversity and company? And just like never, ever talk about it. And so it isn't a thing. Genuinely isn't a thing. That's a bunch of inherited goodness and flexibility. I think there's this amazing Munger quote.