Ep10. Pre-IPO Market, AI Hype Cycle, Is Software Dead? | BG2 with Bill Gurley & Brad Gerstner

[@tomburkett5259]

I was starting to wonder. Better late than ever. So happy to see you guys are still at it.

[@SteveMarzo-ti7fy]

A tech podcast that actually talks about tech and business? Sign me up.

[@shrirangmoghe3784]

Sorry but Brad hogs it in terms of subject he wants to talk at the beginning. I enjoy Bill’s insights a lot more.

[@stephengulick9485]

LOL @ the shot at one of the best podcasts in the game, All In. Cry more. BG2 will never touch their dominance. These guys can’t even put out an episode once a week.

[@pythagoran]

Lets go! I need these two on a 24/7 radio. So much value and clarity of thought.

[@davdjames16]

Thank you for doing these very informative podcasts. Us small retail investors greatly benefit from your professional views. Thank you

[@edwardriffle29]

Thank you both for sharing your thoughts. The future remains unknowable but it will certainly be interesting.

[@kennyfitzpatrick3002]

Anyone seen show notes for the podcast? I think there would be real value to adding them given some of the interesting insights they make and topics they cover

[@mr0ptimistic]

Another great episode, thanks BG2!

[@xvz95he]

Wow, great episode again, thanks for doing this. You mentioned a few reports and that you would link to them, where can I find those, the description doesn't seem to have it

[@NN-pe6ip]

The problem is too much money chasing too few opportunities, or rather opportunities that don't require the extreme levels of capital available. In 2024 most large businesses just don't need the level of capital that is seeking returns, it's obvious even as someone outside the industry.

[@cryptlol4736]

I find it odd that you guys mention Drukenmiller and talk about AI but never mention Palantir? Is this company not on your radar or is there some other reason it’s not in your AI conversation?

[@terekrutherford8879]

"Let me take the other side" "I'm sure you would!" 😂😂

[@jessesinger4592]

Please buy Bill a mic 🙏🙏🙏

[@dluchin1998]

background guitars always make me cringe

[@HabibullahAmjd]

Watching the crypto market's ups and downs shows how quickly things can change. In crypto, strategic, informed trading isn't a choice; it's a must. Remember, caution is as crucial as ambition here. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 1.2Biitcoin to a decent 11.4Biitcoin... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape…..

[@HabibullahAmjd]

Linda Wilburn program is widely available online.

[@redeyesband]

Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.

[@Thebigdogg]

Did Brad’s mom get ChatGPT to write her letter for her 😅🤣?

[@alexNGMI]

I feel so lucky to be able to listen to these two have a conversation every so often. Thanks guys!

[@chriscarr1002]

I teach AI for a living, it’s amazing how quickly this show became a MUST in my KZbin / podcast rotation.

[@James-mk8jp]

What’s there to teach

[@joeslack]

LOVE THIS POD! GREAT TO SEE ANOTHER EDITION. AMAZING INSIGHTS, THANKS FOR DOING THIS GUYS! 🙌

[@michaelholmes8848]

Why are you yelling?

[@alanbauchop6291]

Shout out to your Mom, Brad. Love that message. Thanks for sharing it.

[@nicholas5396]

Intersting that Brad describes exactly what Palantir is and does with Foundry/AIP and yet he hopes Snowflake can pivot to that. Being he's friend with some of the founders curious as to why he doesnt put some Altimeter money in that direction.

[@frankb313]

PLTR seems to fit into the discussion at 52:35 etc

[@backpackly]

Best podcast out there. Incredible there are only 30k subs for this channel compared to millions for "Costco Hauls" and other garbage.

[@Prh34434]

That was a wonderful note Brad. Thanks for sharing. 🙏

[@wenslo8514]

Is there any courses or websites that can teach me about LLMs? I do want to start testing on AI do, specifically finance.

[@carlosoviedo5685]

thanks for not talking politics!

[@tvm73827]

Your mom sounds like ChatGPT or maybe she used chatGPT

[@MichaelDaucher]

Loved your moms note, especially since mine was also born in 1936

[@FourInsights]

Bill always keeps a perspective alternative to the up and to the right all-the-time folks in the valley always respect his opinion.

[@antonioCsilveira]

I appreciate the balance in the discussion in this Pod. The optimism in Brad’s point of view in contrast with the realistic perspective from Bill. Great contrasting discussion without derailing everything with political topics.

[@mohit9920]

Can someone get Gurley airpods?

[@cfarm54]

the note from your mom = great perspective

[@russellmm]

Some of our wise elders understand the blessing of the times we are living in. Thanks for sharing Brad.

[@jonnagap87]

Guys please keep this going and stay out of political talk. I stopped watching all in podcast just because of that. I really don’t care about the political leanings of billionaire vc’s.

[@catshaman7098]

Software is not dead, it simply represents the ugly reality of the US economy that is today sans-“AI”. Tourists, generalists and (perhaps) specialists alike are masturbating themselves into the pathetic convolution of this AI hype cycle that is largely driven by the infrastructure build out and the supply chain involved while blood is on the street everywhere else, and that includes semis that are not exposed to leading edge supply chain or Nvidia. When these “AI” stocks hit peak in estimate revision (2Qs away at the maximum), everyone is going to have that wake-up call and rush to degross. Mark my word and pick your favorite “AI” stock 2Qs from now and see how it does.

[@JackAbou2]

your mom must've used chatgpt to write that note

[@ashh3051]

46:50 Chamath’s 8090 isn’t “90% of the benefits for 80% of the costs”, it’s “80% of the benefit for a 90% discount” (10% of the cost). The fund name must not be very good if it confuses people like this.

[@postbliss]

What a wonderful letter from your amazing mother.

[@zisterfitness2697]

A fully autonomous and self-deploying topiary drone trained to maintain the shape of all the bushes, trees, and shrubs around my house - forever. This is the kind to disruptive AI technology that the market (and I) will want to see soon. Just a better chatbot is not going to cut it.

[@bobbyaxelrod5959]

The fact this pod doesn’t do weekly episodes is part of what makes it great

[@alinthemind]

If Databricks were to go public tomorrow, its market capitalization would likely be twice that of Snowflake's.

[@surgicalcapscom]

Roaring Bill's, 2 kitty's sitting around just talking

[@Mmgb1]

Brads mom has some wise words, but i am afraid people wont have the ability to follow her plan and technology will take over their lives in a bad way...as it is happening to teenagers with reels and tik tok damaging their brains so bad 😢

[@notdillon4737]

We will b meeting soon my dawgs

[@ZyppBe]

From 50:00 exactly what Palantir is doing with AIP. How blind are these guys 😂

[@venture-blake]

Potentially 17:15 one of the biggest negatives (to the founders) of this concentration of capital is that larger funds are increasingly stretched on a ratio of principal to invested dollar - which means less support to the early stage startups when they need it (to Brads point re early support).

[@nelsonmacy1010]

Sam Altman is NOT an engineer or a leader like Steve Jobs. Not a buyer of his prognostications

[@Player-oz2nk]

Oh damn you just made my Monday less of Monday.. Thanks 😊

[@jamesjensen5000]

AI is just another utility like electricity… it is not a finished product… it will be incorporated into any devices… it will enable software to do specific solutions… it is early stage.

[@madmaxxmiami]

Tesla in hyper growth mode and they are laying off. It's called reducing costs!

[@michaelbruhl]

The All-In Podcast is the tech bros' equivalent of "The View."

[@designbydavid]

Bill: 35:14 "They would never not mention AI" Apple: Apple Intelligence. :)

[@richardmansfield1013]

Great tech discussion / thoughts thanks gentleman looking forward to your next discussion already in this ever changing world

[@Mrrockstarmeta]

Let bill talk

[@RoboPalInc]

💯❤excessive capital is breeding ground for wastage and inefficiency.

[@yOitSjayyang]

Brad seems bullish on everything while Bill’s like slow down there bud 😂

[@philmisc3513]

Great Pod as always, gentlemen. I love the way BGurley grounds the issues in reality. Wisdom

[@WegatYouuk]

how can people so rich, not even hire a sound guy to get the sound right?

[@daveanton160]

Your Mom sounds like an amazing person

[@richbirecki]

Guys What would liquidity for VC’s / investing be like in a bitcoin (supremely hard money) world??

[@madmaxxmiami]

Thank god you'll be setting CNBC straight tomorrow. They have always been so awful! I love the CNBS thing.

[@a.i.4good911]

Top 3 podcast for me. Hands down! Great job B&B, as always! Congrats on double digit podcasting...

[@cyberft]

Best business pod out. Thanks guys!!

[@michaelbruhl]

Ideal team to dominate the AI revolution

[@PeterUrbanPhoto]

I love that the art on Bill’s wall depicts SRV with the left hand thumb wrapped over the neck…way to go! If you play, you know what I mean ;).

[@jarnathan-snow]

Thanks for giving importance to Capitalism as the system that is driving so much innovation and we are indeed in the luckiest moment ever in history on every level. Society has never been this advanced and we should be proud of it instead of thinking everything negative. But most important, worldwide we should remember that the price of freedom is eternal vigilance.

[@anupdesai1110]

Looked forward to the latest episode! Let’s go!

[@podangadubukus]

Why does bg junior always screaming or talking like political rally while making very simple things

[@michaelholmes8848]

Bill do you have worms?

[@carlosoviedo5685]

love that you analyze companies, you should do more of that, maybe some small caps like $TOST or $APLD

[@flourking]

Lol Brad’s mom’s letter sounded like it was written by ChatGPT

[@dronebrains9027]

Does scarcity breed innovation? It seems to me like the places with the most abundance at a point in time happen to also have the most innovation for its period

[@alvarovillalbaperez9623]

There is excess capital and high interest rates, which keeps the money from moving. What does that mean? How does this economic landscape evolve?

[@Eternalspring22]

Love your conversations topics and perspectives! Love that you’re publishing here! This is appreciated. Thanks!

[@BuleLocky]

Elite pod - insights are on another level. Never stop Bill and Brad! Big love from Bali! 💪🏻

[@-COMMON-MAN]

⭐️⭐️⭐️⭐️⭐️

[@richardstephenson5563]

Another super interesting episode. Thanks BG crew!

[@shouryasimha8941]

Wow, so Spot on about Apple Intelligence at 34:35 .

[@tomaz1969]

thank you, great stuff!

[@oopskapootz7276]

Best business podcast out there.

[@Ryan.G.Spalding]

Really a fantastic podcast.

[@flourking]

Would love to know the artist that did the guitar painting in Bills office

[@michaelholmes8848]

Walmart

[@Ducotevision]

Great episode… next please.

[@mikert89]

Best tech pod right now

[@MindFieldMusic]

New bg2 🤩 Let's goooooo!!

[@ReasonableHuman1]

Tnx

[@davekelsey2338]

Great video!

[@atangbingana283]

2 Goats

[@georgeandersson4483]

Thanks guys!

[@heavenhuang100]

Lets go AI!

[@pumplove81]

i think whats going for this pod , already , is the lack of a clown moderator who picks up flog-me-i-am-a-dead-horse "dockets" and just sticking to what these gentlemen have made billions on .. always spot on .. huge thanks to these 2 awesome dudes