Gerstner argues Google 2004 IPO investors captured 90 percent of internet search profits, illustrating patience in venture.
“You could have waited to invest in Google in 2004 and their IPO and you would have captured 90 plus percent of all the profits ever generated in internet search.”
Gerstner reveals Altimeter has said no to over 60 AI companies while competitors do many deals.
“We've said no to over 60 companies. Right? We you know, but when we look around, I see a lot of our competitors doing a lot of these deals.”