I still find it interesting looking at some of the deals getting done, but like at TIF, there was an AI-focused fund and just listening to some of the things they've invested in.

I just struggled to see the durability.

And admittedly, we're not close to the deal,

so we don't have that line of sight.

But I just think there's going to be a lot of capital

that disintegrates to zero.

Like, I think any fan is listening,

like everyone's in the same boat,

and all AI's done is exacerbate the speed at which

you need to be thinking long term and durability, durability, all these things we're talking about.

But at the end of the day, the first thing you're founder is going to worry about is genuine

demand. So if you've got that and you've ticked that off, that's great, but then you've got to be

thinking long term and then durability is coming in. But I think, like, the very first thing you've got to be thinking long term and then Drew Bieli is coming in. But I think like the very first thing you've got to do is like, is there a mark for this product

and can we get people to pay for it?

You saw like meta just acquired an entire team, right?

Like the race with AI talent is wild right now.

According to witnesses, the Tesla CEO walked up to the communal kitchen aid force-laced toaster

that sits in the company kitchenette, mumbled something about bridging the gap between man and machine,

and let out a series of yelps as the hot metal seared into the flesh of his groin grunting as he fought off

anyone who tried to intervene.

Can you hear me without an echo?

Yes.

...