Gerstner says now is the time to find the 10% of beaten-down software companies that will benefit from AI.
“90% of the companies that are down deserve to be down. Find the 10 that got thrown out with the bathwater. Find the 10%, right, that are going to benefit from AI.”
Gerstner says he won't invest late-stage now due to lack of price discovery, only early-stage at low valuations.
“You couldn't pry a late stage dollar out of my hand right now because I don't think we have real price discovery going on.”