Welcome to OK Computer. I'm Dan Nathan. I'm joined by Jeff Richards. He's the managing partner at GGV Capital. Jeff, welcome back to the pod.

Good to see again.

It's been a while. You've been a little busy over the last few months. I had to go look at our notes. Mirdra and Rick Heitzman, and this was mid-March, this was in the throes of the Silicon Valley Bank

meltdown, and we really focused on what was going on there and how it affected BC firms like

yours and Ricks and how it was affecting your portfolio companies. Hey, by the way, stick around.

I have a great conversation with the aforementioned Rick Heitzman.

Right after Jeff and I get done, we are going to hit two of his portfolio companies. One of them is Synthesia and the other is Roe. You may also know them as Roman

we go deep in some of the trends that are going on with those two companies. But Jeff, let's start with

this AI thing because I got to tell you, man, I feel like we'd still be bogged down with the regional

banking crisis.

This AI bubble didn't actually inflate in a manner.

And it was pretty convenient.

Thank God the script writers planned ahead.

And we got to transition from SB to AI in a very rapid fashion.

It was interesting.

I think we were talking about it at the time.

There was not exactly the sort of

systemic risk that we felt in and around that kind of 08, 09 period, but we also talked about at

the time that there was a lot of really great technologies that were born out of that very

disruptive period in the financial markets. And it feels like that narrative played out really to a T

right here because this is a technology that you, as somebody who's followed enterprise

software for decades now, you've been using these terms machine learning and generative AI and

...