Quincy Larson

to make more money for these people because they're just doing it out of the goodness of their hearts and their appreciation probably because they went through free code camp and got a sweet job at the end of it and now they're making way more money and so why wouldn't they just support that cause yeah and like it it's great it is liberating that's an excellent word to use when you are basically beholden to the community the grassroots support that is supporting you right this is not some political campaign where we lose and all the money was kind of like oh bye-bye

to make more money for these people because they're just doing it out of the goodness of their hearts and their appreciation probably because they went through free code camp and got a sweet job at the end of it and now they're making way more money and so why wouldn't they just support that cause yeah and like it it's great it is liberating that's an excellent word to use when you are basically beholden to the community the grassroots support that is supporting you right this is not some political campaign where we lose and all the money was kind of like oh bye-bye

You know, this is like an endeavor that will continue hopefully for hundreds of years. And that may sound hyperbolic, but there are plenty of charities that have been around for hundreds of years. The YMCA, which I just came back from, if I look sweaty, I just came back from walking to my local YMCA where I exercise regularly. Right.

You know, this is like an endeavor that will continue hopefully for hundreds of years. And that may sound hyperbolic, but there are plenty of charities that have been around for hundreds of years. The YMCA, which I just came back from, if I look sweaty, I just came back from walking to my local YMCA where I exercise regularly. Right.

That's been a charity for like 170 years or something like that. The Red Cross, Doctors Without Borders and so many educational charities and NGOs. And they can last for hundreds of years because you can listen to Jeff Bezos himself talk about Amazon. And he says basically like, you know, corporations have like a shelf life. Right.

That's been a charity for like 170 years or something like that. The Red Cross, Doctors Without Borders and so many educational charities and NGOs. And they can last for hundreds of years because you can listen to Jeff Bezos himself talk about Amazon. And he says basically like, you know, corporations have like a shelf life. Right.

Unless you're like some hotel in Europe or, you know, a pub in Europe or hotel in Japan or something where you can have like a thousand years of history. That is extremely rare. in business because investors need growth. They necessarily are investing money because they want the future value of total cash flows, right? The discounted value of that.

Unless you're like some hotel in Europe or, you know, a pub in Europe or hotel in Japan or something where you can have like a thousand years of history. That is extremely rare. in business because investors need growth. They necessarily are investing money because they want the future value of total cash flows, right? The discounted value of that.

They need that to continue to grow so that the market cap will grow. Otherwise, why would they invest with you when they can invest with somebody else? Everybody's chasing growth, right? And you can only grow so much once you're Amazon size. You can only grow so much. And Jeff Bezos has said in an interview that he thinks like Amazon is just not going to make it.

They need that to continue to grow so that the market cap will grow. Otherwise, why would they invest with you when they can invest with somebody else? Everybody's chasing growth, right? And you can only grow so much once you're Amazon size. You can only grow so much. And Jeff Bezos has said in an interview that he thinks like Amazon is just not going to make it.

And like nobody ever makes it because that's just how things work. Rise and fall. That's how companies work.

And like nobody ever makes it because that's just how things work. Rise and fall. That's how companies work.

Well, it's just difficult to keep growing. Yeah. I mean, at some point, how is NVIDIA going to keep growing? What is the total addressable market of GPUs, right? They're already a $3 trillion company. Is suddenly the world going to need 10 times, 100 times? Maybe, but at some point, it won't need any more GPUs. There will be enough, and the market will be sated, right?

Well, it's just difficult to keep growing. Yeah. I mean, at some point, how is NVIDIA going to keep growing? What is the total addressable market of GPUs, right? They're already a $3 trillion company. Is suddenly the world going to need 10 times, 100 times? Maybe, but at some point, it won't need any more GPUs. There will be enough, and the market will be sated, right?

And then all the investors are going to turn on them and just ditch them. And that's the rational thing to do. If you're a rational actor in, you know, the economy is to take your money out of the company that's declining and put it into a company that's rising. Right. Sure. And that's how like venture capital works.

And then all the investors are going to turn on them and just ditch them. And that's the rational thing to do. If you're a rational actor in, you know, the economy is to take your money out of the company that's declining and put it into a company that's rising. Right. Sure. And that's how like venture capital works.

They're trying to like ramp up your valuation so they can, you know, exit when there's a liquidity event, whether that's an acquisition or whether that's going public or something. And each round has to be bigger. Otherwise, you've got a down round and you've got a company that's in decline and people start leaving the ship.

They're trying to like ramp up your valuation so they can, you know, exit when there's a liquidity event, whether that's an acquisition or whether that's going public or something. And each round has to be bigger. Otherwise, you've got a down round and you've got a company that's in decline and people start leaving the ship.

So because growth is so intrinsic to for-profit enterprises, it's not built for sustainability. Charities are, by definition, just built to sustain themselves. So if you want to go long, if you want to exist, multi-generational starships getting to Kepler or wherever, you need to have a charity-type structure.

So because growth is so intrinsic to for-profit enterprises, it's not built for sustainability. Charities are, by definition, just built to sustain themselves. So if you want to go long, if you want to exist, multi-generational starships getting to Kepler or wherever, you need to have a charity-type structure.