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.”
Gerstner argues waiting until Google's 2004 IPO still captured 95% of all search value ever created.
“you didn't have to invest in search until Google's IPO in 2004 to capture 95% of all ever generated by Internet search.”
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 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 Altimeter's investment thesis for two years has been correlation to intelligence improvements.
“The overarching theme now for two years at Altimeter is we wanna be positively correlated to improvements in intelligence.”