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Ravi Gupta

๐Ÿ‘ค Speaker
314 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

This idea that you talked about, the small team meme, or Dharmesh's idea of small and mighty businesses, it seems possible that the new status is having a small team. The ratio of magic to people, and I think magic, sure, it can be like measured in revenue if you want to use a very blunt instrument.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

This idea that you talked about, the small team meme, or Dharmesh's idea of small and mighty businesses, it seems possible that the new status is having a small team. The ratio of magic to people, and I think magic, sure, it can be like measured in revenue if you want to use a very blunt instrument.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

But like maybe this idea of magic per employee implied being like, oh my God, you did that with 10 people. That kind of thing. Can't you feel that already? That feels like that shift has happened already. I think so. And I think that if it's happening, that's great. And it's not because that means people will lose their job. That's not the point.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

But like maybe this idea of magic per employee implied being like, oh my God, you did that with 10 people. That kind of thing. Can't you feel that already? That feels like that shift has happened already. I think so. And I think that if it's happening, that's great. And it's not because that means people will lose their job. That's not the point.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

The point is that each person will deliver more magic. They might leave a bigger thing and start a smaller thing or join a smaller thing and have more impact, have more purpose. Nobody likes being a cog in the wheel. Nobody likes feeling like if they left, nothing would change. And I think that the more we can get to people like getting more out of their potential, the

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

The point is that each person will deliver more magic. They might leave a bigger thing and start a smaller thing or join a smaller thing and have more impact, have more purpose. Nobody likes being a cog in the wheel. Nobody likes feeling like if they left, nothing would change. And I think that the more we can get to people like getting more out of their potential, the

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

That would be freaking awesome. It does seem like it's starting to go that way. And I think that is an awesome thing. Small teams feeling like they can do anything. Oh man, there's nothing that stops us from doing that. I think that would be an awesome thing for the ecosystem.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

That would be freaking awesome. It does seem like it's starting to go that way. And I think that is an awesome thing. Small teams feeling like they can do anything. Oh man, there's nothing that stops us from doing that. I think that would be an awesome thing for the ecosystem.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

And frankly, I think that this is conflating two things, but most companies are probably way too big relative to what they need to be public companies. There's no way that most of these companies will like run efficiently right now. Even without AI, you have this thing that these companies are bloated relative to what they should be.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

And frankly, I think that this is conflating two things, but most companies are probably way too big relative to what they need to be public companies. There's no way that most of these companies will like run efficiently right now. Even without AI, you have this thing that these companies are bloated relative to what they should be.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

I think now you factor in AI, you actually have a real reason to change that and to make yourself lean and customer oriented and seeking of magic. But I do think that this idea of the new status might be a small team. I think that's very possible.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

I think now you factor in AI, you actually have a real reason to change that and to make yourself lean and customer oriented and seeking of magic. But I do think that this idea of the new status might be a small team. I think that's very possible.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

One of my favorite concepts that I've heard, I don't know who the first person was to say this. The first person I heard it from was Pat Grady, my partner, which was we invest in slope, not intercept. I guess if I really take that as the logic, I think that's still very true. I think the thing that is possible is that for the best companies, the slope can be way different.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

One of my favorite concepts that I've heard, I don't know who the first person was to say this. The first person I heard it from was Pat Grady, my partner, which was we invest in slope, not intercept. I guess if I really take that as the logic, I think that's still very true. I think the thing that is possible is that for the best companies, the slope can be way different.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

And the slope can be way steeper. And I think if you take that to its extreme, that means that for the best things, sure, like you should be willing to pay more. What I think it really puts a premium on though is be earlier into those companies, figure out what those things are going to be.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

And the slope can be way steeper. And I think if you take that to its extreme, that means that for the best things, sure, like you should be willing to pay more. What I think it really puts a premium on though is be earlier into those companies, figure out what those things are going to be.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

And I think that what that then comes back to is like, okay, what are the attributes of the people who are building them? And I think that comes back to some of the stuff that you've talked about and we've talked about, but like I mentioned ambition, I mentioned curiosity, I mentioned resilience, I mentioned adaptability. You mentioned imagination in there.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

And I think that what that then comes back to is like, okay, what are the attributes of the people who are building them? And I think that comes back to some of the stuff that you've talked about and we've talked about, but like I mentioned ambition, I mentioned curiosity, I mentioned resilience, I mentioned adaptability. You mentioned imagination in there.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

I think that's a hugely important word for thinking about this. So figuring out people that are close to what this can do, optimistic about what it can do, have some imagination. and then are also adaptable as hell because it keeps changing. When it changes, the only thing that you keep dear is like the obligation to deliver magic to the customer and everything else can change.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

I think that's a hugely important word for thinking about this. So figuring out people that are close to what this can do, optimistic about what it can do, have some imagination. and then are also adaptable as hell because it keeps changing. When it changes, the only thing that you keep dear is like the obligation to deliver magic to the customer and everything else can change.