Harry Stebbings

As a VC, part of my core morning activity is tweeting shit that we'll probably be regretted later in the day.

But I tweeted that I've been investing for 10 years and I've never seen such frothy environments.

200x revenues, insane packages, insane packages for engineers.

Just nuts, dude.

I mean the environment itself is just fucking nuts.

NVIDIA investing $100 billion into open AI is fucking nuts.

For them to then go and spend on NVIDIA chips.

I think bubbles are often associated with bad, and I think you can have good bubbles, which is like this is a bubble which will lead to a huge amount of money lost, but with a huge amount of technological development made.

Do you think it will have the short-term impact that people think it will?

For SaaS businesses, it changes everything.

What do you mean by that?

Do you think this is a three-year thing or a 10-year thing?

I'm constantly thinking about, no, no, but like, you know, we often overestimate what we can do in a year and underestimate what we can do in 10.

And it takes longer than we actually think.

So you're adding a million a week.

At what point do you go, shit, we need to really focus on margin and actually making this a really efficient business?

I mean, that's pretty tough.

You're looking at me like I'm crazy.

It's just shit advice.

Don't mess up growth.