Sam Parr
👤 SpeakerAppearances Over Time
Podcast Appearances
One thing, I think throughout my career, venture's only gotten more competitive.
And now today, it's, you know, as I'm hanging up my boots and watching the next generation, it's even more competitive.
And the...
The burn rates that the VCs are comfortable experimenting with are bigger and bigger than ever.
I thought our $2 billion a year burn rate at Uber was pretty frightening.
OpenAI is burning way more than that.
How much are they burning?
I don't know.
I've seen different numbers.
I don't have access to their financials.
Uber was losing $2 billion a year?
Yeah, but OpenAI is at like $8 or $10.
Scared shitless.
Really?
Yeah.
Oh, yeah.
I didn't sleep much.
There was a piece of it that was, that I think is, as the venture industry gets more industrialized was a problem, which was, I think the Lyft investors knew that they had to keep
funding liquidity.
And for a bunch of reasons that relate to network effects, it was always supposed to be kind of a single marketplace that would win.