Eric Vishria

2021 was like SaaS craziness, everything craziness, right? Like everything was running and everything else. In 2021, we made like three new investments as a firm. Three. That was the game on the field and just saying, that's okay. I'm okay not playing that game. And that's great. And I have no regrets on that at all. I think that is fabulous.

2021 was like SaaS craziness, everything craziness, right? Like everything was running and everything else. In 2021, we made like three new investments as a firm. Three. That was the game on the field and just saying, that's okay. I'm okay not playing that game. And that's great. And I have no regrets on that at all. I think that is fabulous.

This year, 2024, the game on the field is we have a major, major shift in AI, which could be bigger than any of these other shifts, maybe combined. It's really big. There's a lot of interesting work happening. There's a lot of uncertainty, without a doubt. But we've been more active than we've been since 2010 and 2011. What was happening in 2010 and 2011? Mobile shift.

This year, 2024, the game on the field is we have a major, major shift in AI, which could be bigger than any of these other shifts, maybe combined. It's really big. There's a lot of interesting work happening. There's a lot of uncertainty, without a doubt. But we've been more active than we've been since 2010 and 2011. What was happening in 2010 and 2011? Mobile shift.

This year, 2024, the game on the field is we have a major, major shift in AI, which could be bigger than any of these other shifts, maybe combined. It's really big. There's a lot of interesting work happening. There's a lot of uncertainty, without a doubt. But we've been more active than we've been since 2010 and 2011. What was happening in 2010 and 2011? Mobile shift.

One of the beauties of this in our model, like I think about if I go back to 2010 and 2011 for a second, in that timeline, that's when Snapchat, Uber, Twitter, Instagram, that's when we did the series A's. And Instagram, Snapchat, Uber, whatever, a weird round in Twitter. The round that Peter led in Twitter at that time was like technically a series C or series D.

One of the beauties of this in our model, like I think about if I go back to 2010 and 2011 for a second, in that timeline, that's when Snapchat, Uber, Twitter, Instagram, that's when we did the series A's. And Instagram, Snapchat, Uber, whatever, a weird round in Twitter. The round that Peter led in Twitter at that time was like technically a series C or series D.

One of the beauties of this in our model, like I think about if I go back to 2010 and 2011 for a second, in that timeline, that's when Snapchat, Uber, Twitter, Instagram, that's when we did the series A's. And Instagram, Snapchat, Uber, whatever, a weird round in Twitter. The round that Peter led in Twitter at that time was like technically a series C or series D.

at like 200 pre because the company had its history right with odio and everything else and so it was it was a rule breaking around it's a good example of exactly what we were talking about earlier yeah you kind of have your like norms and then every once in a while you just have to be like throw it all out and just do it and that was a good example but you think about that like that body of work which is which was obviously tremendous towards the returns which

at like 200 pre because the company had its history right with odio and everything else and so it was it was a rule breaking around it's a good example of exactly what we were talking about earlier yeah you kind of have your like norms and then every once in a while you just have to be like throw it all out and just do it and that was a good example but you think about that like that body of work which is which was obviously tremendous towards the returns which

at like 200 pre because the company had its history right with odio and everything else and so it was it was a rule breaking around it's a good example of exactly what we were talking about earlier yeah you kind of have your like norms and then every once in a while you just have to be like throw it all out and just do it and that was a good example but you think about that like that body of work which is which was obviously tremendous towards the returns which

And like, fast forward to today, you're looking at the game on the field here. You know, we have to kind of ask ourselves, like, hey, are there extraordinary opportunities and extraordinary companies getting built here? And if so, like, you just got to do it.

And like, fast forward to today, you're looking at the game on the field here. You know, we have to kind of ask ourselves, like, hey, are there extraordinary opportunities and extraordinary companies getting built here? And if so, like, you just got to do it.

And like, fast forward to today, you're looking at the game on the field here. You know, we have to kind of ask ourselves, like, hey, are there extraordinary opportunities and extraordinary companies getting built here? And if so, like, you just got to do it.

Yeah, he did. He did.

Yeah, he did. He did.

Yeah, he did. He did.

Well, I think both are true. My partners have kept me out of countless companies. It's amazing. You asked this sector question earlier. We were talking about it. I spend a lot of time trying to understand chemistry, my chemistry with an entrepreneur and try to figure out, am I going to love working with this person? Do I believe this person is a learning machine or not?

Well, I think both are true. My partners have kept me out of countless companies. It's amazing. You asked this sector question earlier. We were talking about it. I spend a lot of time trying to understand chemistry, my chemistry with an entrepreneur and try to figure out, am I going to love working with this person? Do I believe this person is a learning machine or not?

Well, I think both are true. My partners have kept me out of countless companies. It's amazing. You asked this sector question earlier. We were talking about it. I spend a lot of time trying to understand chemistry, my chemistry with an entrepreneur and try to figure out, am I going to love working with this person? Do I believe this person is a learning machine or not?