Harry Stebbings

Now, I want to just dive right in. You said to me your single biggest concern right now, or sorry, something that you're thinking about is how we need to change our investing mindset in a new world of AI. I'm really concerned that actually the way that we've always invested, maybe more spreadsheet SaaS investing. It's going to make us dinosaurs if we don't move with the times.

Now, I want to just dive right in. You said to me your single biggest concern right now, or sorry, something that you're thinking about is how we need to change our investing mindset in a new world of AI. I'm really concerned that actually the way that we've always invested, maybe more spreadsheet SaaS investing. It's going to make us dinosaurs if we don't move with the times.

Now, I want to just dive right in. You said to me your single biggest concern right now, or sorry, something that you're thinking about is how we need to change our investing mindset in a new world of AI. I'm really concerned that actually the way that we've always invested, maybe more spreadsheet SaaS investing. It's going to make us dinosaurs if we don't move with the times.

How do you think about this and the mindset shift that needs to happen in investing?

How do you think about this and the mindset shift that needs to happen in investing?

How do you think about this and the mindset shift that needs to happen in investing?

Can we invest in mysteries alone? Puzzles, they're kind of doable, but challenging. The mysteries, this is what I find so challenging, which is like the world was turned upside down by deep seek.

Can we invest in mysteries alone? Puzzles, they're kind of doable, but challenging. The mysteries, this is what I find so challenging, which is like the world was turned upside down by deep seek.

Can we invest in mysteries alone? Puzzles, they're kind of doable, but challenging. The mysteries, this is what I find so challenging, which is like the world was turned upside down by deep seek.

I do. Yeah. And so how do we think about adjusting to investing in a world of mysteries when we've been so used to puzzles? How long have you been doing this?

I do. Yeah. And so how do we think about adjusting to investing in a world of mysteries when we've been so used to puzzles? How long have you been doing this?

I do. Yeah. And so how do we think about adjusting to investing in a world of mysteries when we've been so used to puzzles? How long have you been doing this?

Like, if we look at your ramp or your Brex or any of the kind of successful companies of kind of the last era, so to speak. Yeah. Serial founder tick, pedigree founder tick, in a good big market tick, knowable go to market, knowable customer base tick. This is completely different.

Like, if we look at your ramp or your Brex or any of the kind of successful companies of kind of the last era, so to speak. Yeah. Serial founder tick, pedigree founder tick, in a good big market tick, knowable go to market, knowable customer base tick. This is completely different.

Like, if we look at your ramp or your Brex or any of the kind of successful companies of kind of the last era, so to speak. Yeah. Serial founder tick, pedigree founder tick, in a good big market tick, knowable go to market, knowable customer base tick. This is completely different.

Do you think many venture firms are adapting in the way that they need to? No.

Do you think many venture firms are adapting in the way that they need to? No.

Do you think many venture firms are adapting in the way that they need to? No.

And by the way, what's doing what's right for the firm may actually lead to bad messaging to LPs. Because if you are managing a firm that needs to be very drastically reshaped for this new age, LPs find instability very disconcerting. That is a red mark in your box. That's right.

And by the way, what's doing what's right for the firm may actually lead to bad messaging to LPs. Because if you are managing a firm that needs to be very drastically reshaped for this new age, LPs find instability very disconcerting. That is a red mark in your box. That's right.