Mamoon Hamid

I love products that create markets. Slack created a market. Figma created a market. They get to create the playing field, they play on the playing field, and they win the game. There is more capital in our industry than ever before. That capital at times thinks that everything will be a deck of corn, and you're overfunding some companies.

I love products that create markets. Slack created a market. Figma created a market. They get to create the playing field, they play on the playing field, and they win the game. There is more capital in our industry than ever before. That capital at times thinks that everything will be a deck of corn, and you're overfunding some companies.

I love products that create markets. Slack created a market. Figma created a market. They get to create the playing field, they play on the playing field, and they win the game. There is more capital in our industry than ever before. That capital at times thinks that everything will be a deck of corn, and you're overfunding some companies.

there's a lot of time being spent on a lot of the middle layer between the foundation models and the applications there's just a lot going on there i feel like perhaps it's a little over invested we've invested in a lot of application layer companies we took actually the top 20 jobs in the us and it's doctors it's lawyers and it's developers how do we help supercharge these people who are highly scarce highly skilled and we're not producing enough of them

there's a lot of time being spent on a lot of the middle layer between the foundation models and the applications there's just a lot going on there i feel like perhaps it's a little over invested we've invested in a lot of application layer companies we took actually the top 20 jobs in the us and it's doctors it's lawyers and it's developers how do we help supercharge these people who are highly scarce highly skilled and we're not producing enough of them

there's a lot of time being spent on a lot of the middle layer between the foundation models and the applications there's just a lot going on there i feel like perhaps it's a little over invested we've invested in a lot of application layer companies we took actually the top 20 jobs in the us and it's doctors it's lawyers and it's developers how do we help supercharge these people who are highly scarce highly skilled and we're not producing enough of them

Would you agree with that statement? It is the most exciting time to be alive. We're in the midst of a super cycle like none we've seen before. The AI super cycle, as you know. It reminds me of the time when I first came to Silicon Valley in 1997. I was 19 years old and it was all just roses all around me. It was the rise of the internet. This time feels much like it multiplied by 10.

Would you agree with that statement? It is the most exciting time to be alive. We're in the midst of a super cycle like none we've seen before. The AI super cycle, as you know. It reminds me of the time when I first came to Silicon Valley in 1997. I was 19 years old and it was all just roses all around me. It was the rise of the internet. This time feels much like it multiplied by 10.

Would you agree with that statement? It is the most exciting time to be alive. We're in the midst of a super cycle like none we've seen before. The AI super cycle, as you know. It reminds me of the time when I first came to Silicon Valley in 1997. I was 19 years old and it was all just roses all around me. It was the rise of the internet. This time feels much like it multiplied by 10.

And that obviously puts us in an interesting spot as venture investors who get to invest into this cycle.

And that obviously puts us in an interesting spot as venture investors who get to invest into this cycle.

And that obviously puts us in an interesting spot as venture investors who get to invest into this cycle.

Yeah, we have some very strong incumbents, Google, Microsoft, Amazon, Meta, Oracle, who can all spend hundreds of billions on these front end models. So you're absolutely right. And Larry's absolutely right, of course.

Yeah, we have some very strong incumbents, Google, Microsoft, Amazon, Meta, Oracle, who can all spend hundreds of billions on these front end models. So you're absolutely right. And Larry's absolutely right, of course.

Yeah, we have some very strong incumbents, Google, Microsoft, Amazon, Meta, Oracle, who can all spend hundreds of billions on these front end models. So you're absolutely right. And Larry's absolutely right, of course.

It doesn't because I think the opportunity is still in front of us. I think there are so many things to build on top of this infrastructure, all these frontier models that is going to create so many trillions of value over the next decade.

It doesn't because I think the opportunity is still in front of us. I think there are so many things to build on top of this infrastructure, all these frontier models that is going to create so many trillions of value over the next decade.

It doesn't because I think the opportunity is still in front of us. I think there are so many things to build on top of this infrastructure, all these frontier models that is going to create so many trillions of value over the next decade.

Okay, so we just talked about how everyone's over-investing right now into the cycle. None of us can miss, whether it's the large incumbents or us as venture investors back in companies. And so your question is like, where do we invest as venture investors? And I can tell you, we've invested in a lot of application layer companies that are solving very specific pain points.

Okay, so we just talked about how everyone's over-investing right now into the cycle. None of us can miss, whether it's the large incumbents or us as venture investors back in companies. And so your question is like, where do we invest as venture investors? And I can tell you, we've invested in a lot of application layer companies that are solving very specific pain points.