Michael Gilroy

speaker

885 appearances 1 recordings 1 series first heard Jul 2026 last heard 20 Jul

Michael Gilroy’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

Appearances

newest first · ▶ plays the moment

How I Invest with David Weisburd · E405: Why AI Has Made Venture Capital Harder (Not Easier) · 20 Jul 2026 podcast

We want a company that's gonna trade at a premium to NASDAQ multiples at scale and at maturity when they're starting to compound because we wanna get paid.

If we're right and we get to a company with billions of revenue, we wanna get paid on that.

We don't want something to go out and trade at one times revs because it's a terrible business model.

And obviously things change over time.

But our view, particularly at the early stage, if you solve for all of those things, they're going to have growth capital readily available to them, and they're going to have public market capital also readily available to them.

So that's kind of the way we think about the world.

What I would say is, and this comes out of my experience working at one of the largest and best hedge funds in the history of the world, we like to think about market size first in terms of market cap, right?

We're obviously seeing today in AI, there are a lot of new markets being created.

Although I would argue you look at something like any of the big labs, they're

This has existed under a different name and a different product style, but these markets have existed for a long time.

So if I'm underwriting Anthropic today at the seed, I'm going and looking at Google and Amazon, so on and so forth.

Now we start with market cap.

There are going to be many cases where market cap doesn't exist because we have this new technology, just like we saw with the internet.

And then we have to be really thoughtful about exactly what it is they're doing.

So I'll talk about the AI-ification of services businesses, lawyers, accounting firms, so on and so forth.

I was talking to a good friend, a tier one firm that everybody in this room would know extraordinarily well.

And I said, hey, how are you thinking about market size for this business?

And it happened to be in the AI for accounting trend.

And they said, we look at the total number of accountants and their salaries all over the world, and that's your TAM.

And look, you may end up

Showing 81–100 of 885 · page 5 of 45