Samir Kaji
speaker
769 appearances
5 recordings
1 series
first heard Sep 2025
last heard 28 Jul
Samir Kaji’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 4 in all, peaking in Jul 2026 with 1.
Appearances
One question I have is like, when you think about big firm, there's all this thing, big firm, bad, good, small fund, good.
Some people say it the other way around.
I think that's the wrong argument.
I think these are different economic models, which we'll get into in a second.
But is there anything that...
causes you a little bit of pause of, is that $2.7 billion really indicative of the future?
And the thing I struggle with is human beings just tend to be very linear.
I never thought a company within five years would go to a trillion dollars and do $50 billion plus in revenue.
I've just never seen it.
And so I'm not, as an ex-banker who also lent to companies during the dot-com, I tend to be a little bit more on the conservative side and not
fully swallow the blue pill.
But at the same time, I look at this new era that we're in with AI and I say, well, what is going to change over the next 10 to 20 years in terms of median outcomes of the top companies?
Again, I think there's going to be a lot of expensive mistakes, but do a lot of the sins get absolved because the power law is so amplified with that top 1%, which instead of 2.7 could be 4 billion or 5 billion.
Well, then you're playing the game as everybody else, because then you need a bigger and bigger exit to be able to return the funds.
So think about $100 million fund.
If you're in a company that exits for $500 million, which is a great exit, by the way.
In today's world, it may not seem like that.
If you read the news cycles, $500 million exit, you own 10%.
That's $50 million of $100 million fund.
You're returning half the fund.
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