Jay Powell

I think it's a toy, a hobbyist kind of device that becomes like a bridge. And we see this often in technology where somebody creates, like even the original PCs, let's face it, they were kind of like toys and hobbyist devices, Arduinos, and the original drones were kind of hobbyist.

I think it's a toy, a hobbyist kind of device that becomes like a bridge. And we see this often in technology where somebody creates, like even the original PCs, let's face it, they were kind of like toys and hobbyist devices, Arduinos, and the original drones were kind of hobbyist.

So we're talking about maybe two or three different pieces here, Freebird. Which one do you think is super interesting than this $3,000 sort of GPU for your desktop that you attach to your computer? You get to play with things locally. Do you think that's promising? Where would that go, if you have to guess?

So we're talking about maybe two or three different pieces here, Freebird. Which one do you think is super interesting than this $3,000 sort of GPU for your desktop that you attach to your computer? You get to play with things locally. Do you think that's promising? Where would that go, if you have to guess?

Explain to the audience, Freeberg, why having the computer at the edge is beneficial for those folks who might not know.

Explain to the audience, Freeberg, why having the computer at the edge is beneficial for those folks who might not know.

You don't have it losing your phone connection and then not knowing what to do.

You don't have it losing your phone connection and then not knowing what to do.

Mac Mini 4, yeah.

Mac Mini 4, yeah.

I just can't run an operating system in the traditional sense. Sam, when we look at startups, I remember when you and I started investing, two of the driving forces was free storage, free bandwidth, and cloud computing. It drove a lot of ability to get a product to market very quickly, effectively, etc. What impact will AI have on all these startups that are being...

I just can't run an operating system in the traditional sense. Sam, when we look at startups, I remember when you and I started investing, two of the driving forces was free storage, free bandwidth, and cloud computing. It drove a lot of ability to get a product to market very quickly, effectively, etc. What impact will AI have on all these startups that are being...

So picking the winner is going to be hard to figure out.

So picking the winner is going to be hard to figure out.

Well, when we were picking famously Uber, you had to pick between sidecar, Lyft and Uber. There were three people doing it and it was pretty clear who was the most qualified amongst those three. Now, to your point, if you want to be involved in tax, plus AI or legal plus AI, you might be looking at 50 companies, 100. And it was tradition in Silicon Valley to not bet on competitors.

Well, when we were picking famously Uber, you had to pick between sidecar, Lyft and Uber. There were three people doing it and it was pretty clear who was the most qualified amongst those three. Now, to your point, if you want to be involved in tax, plus AI or legal plus AI, you might be looking at 50 companies, 100. And it was tradition in Silicon Valley to not bet on competitors.

There were some notable exceptions. When you run an accelerator, like I do, Techstars or Y Combinator, you aren't bound by that because 50% of the companies pivot almost by design. So I think you just have to, I think, precede Because people pivot, you just have to tell people, listen, we have a lot of pivoting going on. People are going to run into each other.

There were some notable exceptions. When you run an accelerator, like I do, Techstars or Y Combinator, you aren't bound by that because 50% of the companies pivot almost by design. So I think you just have to, I think, precede Because people pivot, you just have to tell people, listen, we have a lot of pivoting going on. People are going to run into each other.

I can't just bet on one thing in a space. I think that's a reasonable compromise. If all the founders are going to keep pivoting to each other's businesses, how can the investors even keep track of that? It's like being traffic control of 10 airports at once. It's just not feasible.

I can't just bet on one thing in a space. I think that's a reasonable compromise. If all the founders are going to keep pivoting to each other's businesses, how can the investors even keep track of that? It's like being traffic control of 10 airports at once. It's just not feasible.