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.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
And then we actually went through it and he explained to me, hey, these are very mature founders.
They did everything they could to make sure they were capital efficient.
We ended up doing that series A year and a half ago.
They've burned like 5% of that capital and just raised another round on top of that because of the efficiency.
Now, there are other business models and maybe founders who are using this moment in time because capital is abundant to say, inference costs are going to go down.
Everything is going to go down.
Reminds me a lot of crypto, by the way, back in Zerp.
And so this is going to be capital consumptive early.
And then we have this big inflection point in five years from now.
That story is one that will be very hard to trick us on.
And that just comes from a lot of experience and investing and frankly, scars.
And by the way, they do exist.
Some of my best investments started at negative gross profit at the A or the B, right?
And now you have to know that market cold.
I'll take FinTech again for an example, because I think there are a lot of parallels with FinTech and AI right now.
I knew that there's a company called CloudWalk.
It's a Shopify Brazil.
When I first invested there at negative $5 million.
gross profit run rate.
But I knew that at scale, the networks were going to give them breaks on their fees.
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