Trump's Cabinet, Google's Quantum Chip, Apple's Flop, TikTok, State of VC with bestie Keith Rabois

4417.378 - 4437.954 Keith Rabois

You don't drive returns in venture to an institutional venture capital fund through an M&A. WhatsApp may be the only one that really drove a fund returning exit to a serious fund. It just doesn't happen that way. I need IPOs to return our funds. Our funds are like billions of dollars. You don't get returns on lots of acquisitions at $50 million to $100 million. Yeah, but a $300 million fund can-