Rory O'Driscoll

Get rid of the CEO you brought in so you could relax, like go into Sergey Brin mode.

But you do have time if the game is not over.

Well, hold on.

Boom comes out of YC, cool company, quickly raises at an arguably fake billion dollar round from airlines with no revenue.

December 2024, a year ago, crashes down round, maybe $500 million valuation, but it might be worse when you think about the cram down and the effects.

That's a tough moment.

AI booms, and now you're back up to 1.5 billion.

Yeah.

2021, $1 billion no revenue, crashed to half of that or less at the end of last year, massive cram down round, and then back to $1.5 billion.

I mean, if I was an investor, I might still have whiplash, but it's great.

But who knows how it looks with all that change?

I'm not sure.

Crazy story.

There's so many of those.

We all have them.

We all have the ones, a couple ones in our portfolio that actually got a big AI lift this year.

Didn't know it would be boom, but it was.

Well, they've sold zero of either.

They've sold no planes and no jet turbines for AI power.

So it's a big bet.