Gerstner advises startups to reprice businesses honestly or shut down rather than extend convertible debt.
“reprice the business, get the price right, and if that is not satisfying to you, if you don't own enough of the business at that point in time or whatever, call it quits and restart, right? Because you've got to have the foundation right in these businesses.”
Gerstner tells some portfolio companies to shut down because AI opportunities are too big to miss.
“And I'm sorry if not everybody agrees here, but I'm saying to some of my companies, this is too important a time. The opportunities are too big, right?”