Stephen Witt

So now 50% of the company, there's only like 30, 40,000 people at the company, 50% of them have a net worth exceeding $25 million.

And if you look at like the top layer of management, I mean, they're all at least sent to millionaires, if not billionaires.

I was talking to Tench Cox, who's been on the board and actually was one of the first investors in 1993 before they went public.

And, you know, Tench has invested in thousands of companies and, you know, both as a venture capitalist and as a kind of classic stock market investor.

And I was like, is this your best investment?

And he looked at me like it was the dumbest question anyone had ever asked him.

He was like, yeah, it's my best investment.

And later I realized that if you have a founder stake in the most valuable company in history, then by definition, that is the single best investment you could ever make in human history.

And Tench had made it.

Jensen calls this the zero billion dollar market.

And what it is, it's building products that not only don't have any competitors, but actually have no customers.

Dead serious.

That's the zero in $0 billion market.

There is no customers.

When Jensen started building dedicated hardware for artificial intelligence, that market segment did not exist.

Now this will be a little crazy to think about now.

15 years ago, AI was a career graveyard.

The total amount of venture capital investment in AI in like 2010 was closer to zero than any other meaningful number.

And not only that, but it had repeatedly disappointed investors in the past.

And so it was just music, not just the dead field, but like a radioactive field.