20VC: Why To Win in AI, Investors Need to Change Their Approach | Why VC is Run by Principals and Associates and is a Broken System | The Bull Case for Anthropic & Whether Deepseek Changes Their Strategy with Nabeel Hyatt @ Spark Capital

668.246 - 685.07 Nabeel Hyatt

And the industry moves fast enough that they're not going to wait until an exit or cash to get that other job. You're giving them a promotion or you're giving them more respect in two years or they're going to try to go somewhere else that's better, right? So what does that mean? Well, that means if I want to get a promotion and I'm inside of schmooby schmooby VC firm, then I need markups.