Marc Andreessen

Very expensive in Palo Alto market.

Very expensive in Palo Alto market.

It is a not cheap garage.

It is a not cheap garage.

Palo Alto garages are indeed expensive, yes.

Palo Alto garages are indeed expensive, yes.

But you look a couple of kids in a dream and a clean sheet of paper and then first money in and then, you know, the first two years.

But you look a couple of kids in a dream and a clean sheet of paper and then first money in and then, you know, the first two years.

That is the core of the business like that.

That is the core of the business like that.

That really fundamentally is the core of the business.

That really fundamentally is the core of the business.

A metaphor we use all the time at the firm.

A metaphor we use all the time at the firm.

It's like startups are like baking a cake.

It's like startups are like baking a cake.

If you bake the cake and you leave the sugar out of the cake, you can't pour sugar on the cake afterwards and fix your mistake.

If you bake the cake and you leave the sugar out of the cake, you can't pour sugar on the cake afterwards and fix your mistake.

Right.

Right.