Matt Grimm

What did you work on today? I'm like, oh, yeah, Salesforce APIs.

What did you work on today? I'm like, oh, yeah, Salesforce APIs.

What did you work on today? I'm like, oh, yeah, Salesforce APIs.

Biggest lesson from Peter is that there's no alpha in consensus. Peter is famously a contrarian, etc. The point is not to be disagreeable. It's not at all the point. The point is that if everyone agrees, if the consensus is X, then there's no alpha in X because by definition, you were just going to perform exactly as well as literally everybody else is.

Biggest lesson from Peter is that there's no alpha in consensus. Peter is famously a contrarian, etc. The point is not to be disagreeable. It's not at all the point. The point is that if everyone agrees, if the consensus is X, then there's no alpha in X because by definition, you were just going to perform exactly as well as literally everybody else is.

Biggest lesson from Peter is that there's no alpha in consensus. Peter is famously a contrarian, etc. The point is not to be disagreeable. It's not at all the point. The point is that if everyone agrees, if the consensus is X, then there's no alpha in X because by definition, you were just going to perform exactly as well as literally everybody else is.

So the alpha, the actual interesting signal, the investable signal, the differentiated signal is in being contrarian. And it's very easy to say that. It's very easy to read that. It's very easy to be like, oh, yeah, I totally get it.

So the alpha, the actual interesting signal, the investable signal, the differentiated signal is in being contrarian. And it's very easy to say that. It's very easy to read that. It's very easy to be like, oh, yeah, I totally get it.

So the alpha, the actual interesting signal, the investable signal, the differentiated signal is in being contrarian. And it's very easy to say that. It's very easy to read that. It's very easy to be like, oh, yeah, I totally get it.

I think I would not be investing in defense at some of the valuations that these early stage companies are pulling down, because I think there's a sort of a view of a venture return in some of these companies I think is going to be pretty hard to achieve.

I think I would not be investing in defense at some of the valuations that these early stage companies are pulling down, because I think there's a sort of a view of a venture return in some of these companies I think is going to be pretty hard to achieve.

I think I would not be investing in defense at some of the valuations that these early stage companies are pulling down, because I think there's a sort of a view of a venture return in some of these companies I think is going to be pretty hard to achieve.

I don't think so. I think Andro's underpriced today.

I don't think so. I think Andro's underpriced today.

I don't think so. I think Andro's underpriced today.

14 billion in the last round.

14 billion in the last round.

14 billion in the last round.

I think really what it takes is full-scale production, massive-scale production of robot planes, robot subs, more drones, more missiles, more everything. And we've got a lot of building, a lot of investment to make there. But I think that's really what it's going to take. And then really just continued operational excellence and continued delivery.

I think really what it takes is full-scale production, massive-scale production of robot planes, robot subs, more drones, more missiles, more everything. And we've got a lot of building, a lot of investment to make there. But I think that's really what it's going to take. And then really just continued operational excellence and continued delivery.