Friedberg explains rising interest rates compressed VC time horizons from ten-fifteen years to under five years.
“When interest rates jump up to 4%, well, now I can invest my money and I can make 20% back on my money in four and a half years.”
Friedberg says AI enables in-silico simulation of complex mining projects that previously required thousand-plus person analyst and engineering programs.
“And then how are you gonna refine the ore? Every one of those steps of that deeply complicated, highly technical project can now be run-in Silico.”