Welcome back to another edition of Goldman Sachs Exchanges, great investors.

I'm Michael Brandmeyer Global Cohead and Co-Chief and Investment Officer of the External Investing Group at Goldman Sachs Asset Management

and your host for today's episode.

Today I'm delighted to speak with Tony Kim, head of Tech Sector fundamental equities at Black Rock.

Tony has been running Black Rock's global technology funds since 2013

and is among the most prominent public market investors in the technology space,

overseeing about $20 dollars in assets.

Tony was in my section and study group at business school, so we go way back

and I've really been looking forward to this conversation.

We will be discussing Tony's views on the tech ecosystem,

the IPO market, public and private valuations,

AI, quantum computing, as well as how to build a great team.

Tony, welcome to the program.

Thanks, Mike, it's great to be here.

Let's begin by discussing your background as an investor.

What drew you to the technology sector?

Well, it was after graduate school.

I started engineering and this was back in the mid 90s

and I went into finance and investment back in the mid 90s and I went into finance investment making and the natural progression was, well, you know something about the technology because you're in engineering.

And they said, go west, young man.

So I ended up in California and

that's how basically it started but I gravitated toward the technology

...