Trae Stephens

speaker
555 appearances 2 recordings 1 series first heard Mar 2025 last heard 31 Jul

Trae Stephens’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

Appearances

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Richard, yeah.
Yeah.
No, the Trace Comas guy.
Oh, yeah.
Yeah.
Yeah.
Where he has that famous line where he says, no, whatever you do, don't get revenue.
Once you have revenue, you're going to be judged on the basis of your revenue.
I'm sure there is a path.
You just don't see that discipline exhibited often.
And you can see this in every bubble that's happened over the last 20 years is that everyone believes that they can have a billion in the bank and be responsible with it, and very few people can actually pull that off.
So I think there is something wise about kind of metering that out and having a plan rather than just kind of YOLOing into the abyss.
Yeah.
It's so hard because, like I said, in some cases, it might actually be the right decision to raise as much as you can at the highest price possible.
Yeah, it really has.
I mean, I was at Palantir very early, and that early era of the 2005 to 2015 range, where Palantir and SpaceX were really the only players that were doing this, I mean, it was a wild, wild west.
Both companies had to sue the government for contracts to go through on the basis of this thing called Title X. Yeah.
USC 2377, which is like a commercial preference authority.
So there was really no path.
It was like, if you got to the point where you had a product that was worthy of going into production or going into scale with the government, they would do everything they could to block you.
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