Ilya Fushman

Wrote a few weeks ago about the seed round now being more like the coconut round, the avocado seed round, where you are putting huge checks into a collective of a few individuals and you're basically betting on their intellectual power.

What are you seeing in that early stage?

I'm really interested.

You've dedicated those funds to that part of the market.

Well, what we're really seeing is just the opportunity again to transform industries with AI business models is again near infinite.

I mean, everything is really up for grabs.

We're kind of past the what I would call the hype buying part of the cycle where folks just wanted AI.

And we've seen companies like Harvey, for example, in market with customers.

with data around engagement and growth and performance to inform how we should think about these opportunities at the early stage.

There is a novel case of structure of companies where you have sort of the formation of next generation labs, which could be the next inflection in AI itself.

And those are very interesting.

But then you have really runaway successes that are helping people do their work better, that are helping consumers get answers around healthcare,

And so we try to balance our investing across all of those because there is another frontier to be unlocked here.

And those are the model companies of the future.

But then you have the model companies of today, like Anthropic, which are growing faster at a scale that's never been seen before.

And I think that's still early in their trajectory.

At the other end of the spectrum, Bloomberg also reporting today that SpaceX could seek to raise $75 billion in an IPO confidential filing this week, targeting June.

The valuation, $1.75 trillion to $2 trillion.

Kleiner Perkins has participated in some prior SpaceX rounds.

what's going to happen?