Ravi Gupta

Probably the bigger thing I would add to my list, Patrick, is in the past, I think resilience, grit, those are things that have always been there for any founder that you like really want. I think the thing that I do believe is newly important, it's always been important, but more important for me is the like agility adaptability. It's the world-class reactor point.

Probably the bigger thing I would add to my list, Patrick, is in the past, I think resilience, grit, those are things that have always been there for any founder that you like really want. I think the thing that I do believe is newly important, it's always been important, but more important for me is the like agility adaptability. It's the world-class reactor point.

It is the willingness to change on a dime with new information and the desire to go and figure out that new information. and to never hold a convenient belief and to examine it. That's probably new. And that combined with more slope for the best ones, I think that what's going to happen, the best companies are going to be worth more and the mediocre ones are going to be worth less.

It is the willingness to change on a dime with new information and the desire to go and figure out that new information. and to never hold a convenient belief and to examine it. That's probably new. And that combined with more slope for the best ones, I think that what's going to happen, the best companies are going to be worth more and the mediocre ones are going to be worth less.

I just think the gap is going to widen. And that is exciting and intimidating because you better get it right.

I just think the gap is going to widen. And that is exciting and intimidating because you better get it right.

I don't think it's better. If you believe this is true, I think there's multiple ways to express it. So maybe a few different ways. One, I think if you are an investor in early stage companies and you pick the right founders building the right things, I think the upside is better than it's ever been. That, I think, is an amazing place to sit.

I don't think it's better. If you believe this is true, I think there's multiple ways to express it. So maybe a few different ways. One, I think if you are an investor in early stage companies and you pick the right founders building the right things, I think the upside is better than it's ever been. That, I think, is an amazing place to sit.

And it's about picking the right people and being lucky enough to have them pick you. So that, I think, is still an incredible privilege and lucky place to sit. I genuinely believe that. I think that if you are someone who doesn't sit here, there's different ways that are really good to make money. Figure out the public companies that are actually going to embrace this.

And it's about picking the right people and being lucky enough to have them pick you. So that, I think, is still an incredible privilege and lucky place to sit. I genuinely believe that. I think that if you are someone who doesn't sit here, there's different ways that are really good to make money. Figure out the public companies that are actually going to embrace this.

I think that Mark Casey at Capital Group tells this great story from a long time ago of how during like the beginning of the internet era, he was really impressed with how Home Depot was thinking about this. And his example was, we went through item by item that we sell, and we figured out the price of the item relative to the cost of the shipping.

I think that Mark Casey at Capital Group tells this great story from a long time ago of how during like the beginning of the internet era, he was really impressed with how Home Depot was thinking about this. And his example was, we went through item by item that we sell, and we figured out the price of the item relative to the cost of the shipping.

And we specifically went through and we are tracking that over time. But the ones that are most relevant for internet sales are the ones where this ratio makes sense for a customer. And we will continue to update our opinions as we figure out shipping costs go down. And we might choose different products if customers want to buy them.

And we specifically went through and we are tracking that over time. But the ones that are most relevant for internet sales are the ones where this ratio makes sense for a customer. And we will continue to update our opinions as we figure out shipping costs go down. And we might choose different products if customers want to buy them.

I thought that suggested they were ready for a world where people were going to shop differently than they were in retail. And I suspect Mark did really well on an investment in that company a long time ago. By the way, one of my favorite episodes, of course, was with Ken Langone. It was amazing. And the Frank Blake one too.

I thought that suggested they were ready for a world where people were going to shop differently than they were in retail. And I suspect Mark did really well on an investment in that company a long time ago. By the way, one of my favorite episodes, of course, was with Ken Langone. It was amazing. And the Frank Blake one too.

But anyways, figuring out what public companies are going to embrace this, what kinds of people are going to embrace this, big deal. And then I think on the private equity side, my instinct is encouraging those CEOs to get closer to what this can do and having that come back and impact their business.

But anyways, figuring out what public companies are going to embrace this, what kinds of people are going to embrace this, big deal. And then I think on the private equity side, my instinct is encouraging those CEOs to get closer to what this can do and having that come back and impact their business.

The reason I laugh, I was laughing a little bit when you asked because the shared delusion of the, how are we using AI slides in a board deck that everyone sees as the board member and produces as a, operator is probably one of the funnier things out there right now, which is some 20 to 30% reduction in some sliver of your business to be like, hey, board, don't worry, we're using AI.

The reason I laugh, I was laughing a little bit when you asked because the shared delusion of the, how are we using AI slides in a board deck that everyone sees as the board member and produces as a, operator is probably one of the funnier things out there right now, which is some 20 to 30% reduction in some sliver of your business to be like, hey, board, don't worry, we're using AI.