https://minutesof.com/on/competition/ Everyone on the record about competition: 69 verbatim quotes from 7 people, December 2012 to August 2026, in one chronology, each with a timestamp and a… en Sun, 30 Aug 2026 22:32:52 +0000 https://minutesof.com/q/68acbd25-bfb2-4770-bc67-f180123ce49d/ https://minutesof.com/q/68acbd25-bfb2-4770-bc67-f180123ce49d/ “A decent subset of the market is willing to pay a premium for true frontier intelligence, but Anthropic and OpenAI are on that hamster wheel.” — David Sacks, All-In Podcast Tue, 25 Aug 2026 18:00:26 +0000 competition https://minutesof.com/q/a2ba80df-2c22-489c-a267-ee3e88591005/ https://minutesof.com/q/a2ba80df-2c22-489c-a267-ee3e88591005/ “You're gonna apply that regulatory framework to AI model releases? Game over. Forget about it. Your six months will be gone like that.” — David Sacks, All-In Podcast Tue, 25 Aug 2026 18:00:26 +0000 competition https://minutesof.com/q/713544d7-5fd8-47e8-a9b2-9bd80b763737/ https://minutesof.com/q/713544d7-5fd8-47e8-a9b2-9bd80b763737/ “Let's just think about the game theory of breaking an LTA. So there's four companies that matter at scale. There's Amazon with their tradiums.” — Gavin Baker, Invest Like the Best Tue, 04 Aug 2026 08:00:00 +0000 competition https://minutesof.com/q/071a9fbf-9796-4a05-b974-2d0f48956429/ https://minutesof.com/q/071a9fbf-9796-4a05-b974-2d0f48956429/ “I have I have a phrase I use, regulation is the friend of the incumbent.” — Bill Gurley, Bill Gurley Tue, 21 Jul 2026 17:02:49 +0000 competition https://minutesof.com/q/d2245f30-b32b-4a5e-b75c-b906db58c59b/ https://minutesof.com/q/d2245f30-b32b-4a5e-b75c-b906db58c59b/ “I'm I'm enamored by the provincial competition in China, and I wonder if shining a brighter light on state versus state competition could lead to some pretty amazing and positive things for our own country.” — Bill Gurley, Bill Gurley Tue, 21 Jul 2026 17:02:49 +0000 competition https://minutesof.com/q/d6e55694-c96b-4231-a809-7b98a5e3b292/ https://minutesof.com/q/d6e55694-c96b-4231-a809-7b98a5e3b292/ “There's seven companies that have raised over $200,000,000 and they're all gonna mount customer acquisition strategies with those dollars.” — Bill Gurley, Forbes Mon, 13 Jul 2026 11:00:14 +0000 competition https://minutesof.com/q/9ae1cf63-50a9-41f2-b9cf-7891113e877c/ https://minutesof.com/q/9ae1cf63-50a9-41f2-b9cf-7891113e877c/ “Because then we'll just throw out two examples, the coding space and the legal AI space. There's seven companies that have raised over $200,000,000 and they're all gonna mount customer acquisition strategies with those dollars.” — Bill Gurley, Forbes Mon, 13 Jul 2026 11:00:14 +0000 competition https://minutesof.com/q/c45ea03a-bf5f-4d2e-9c42-49e96666d877/ https://minutesof.com/q/c45ea03a-bf5f-4d2e-9c42-49e96666d877/ “And today people are just showing up at the door and saying, take the money. In many cases, with the implication, if you don't take it, they'll give it to the competitor.” — Bill Gurley, Forbes Mon, 13 Jul 2026 11:00:14 +0000 competition https://minutesof.com/q/910160e0-ae68-4264-9d50-26e0d7cbd109/ https://minutesof.com/q/910160e0-ae68-4264-9d50-26e0d7cbd109/ “If if I ask you to compete with a farmer that has modern farming equipment and I give you a shovel and a hoe and an oxen, there's zero chance you're gonna be competitive.” — Bill Gurley, Jackson Square Ventures Book Club Wed, 08 Jul 2026 23:30:51 +0000 competition https://minutesof.com/q/15bb1fb6-8220-47fb-9aae-9dc1eb91e618/ https://minutesof.com/q/15bb1fb6-8220-47fb-9aae-9dc1eb91e618/ “The biggest problem is if you're a AI skeptic because you're never trying to figure that out. And the truth of the matter is humans have evolved with their tools forever.” — Bill Gurley, Jackson Square Ventures Book Club Wed, 08 Jul 2026 23:30:51 +0000 competition https://minutesof.com/q/a836bc2e-b869-476e-8ac8-dad40b65601e/ https://minutesof.com/q/a836bc2e-b869-476e-8ac8-dad40b65601e/ “And so the thing that could happen is we could have a productivity boom from lower priced goods and services.” — Bill Gurley, All-In Podcast Fri, 29 May 2026 22:47:49 +0000 competition https://minutesof.com/q/87992770-69e8-450c-b3c4-1c7b7d80c347/ https://minutesof.com/q/87992770-69e8-450c-b3c4-1c7b7d80c347/ “I don't think there's any scenario where you just do more for less and all of a sudden everyone has 70% operating margins.” — Bill Gurley, All-In Podcast Fri, 29 May 2026 22:47:49 +0000 competition https://minutesof.com/q/5a74db41-fe73-4bf3-8db5-0364c51b4091/ https://minutesof.com/q/5a74db41-fe73-4bf3-8db5-0364c51b4091/ “I don't think there's any scenario where you just do more for less and all of a sudden everyone has 70% operating margins. That's not gonna happen.” — Bill Gurley, All-In Podcast Fri, 29 May 2026 22:47:49 +0000 competition https://minutesof.com/q/47f97036-0d34-42a8-a1e7-b274edeb26f6/ https://minutesof.com/q/47f97036-0d34-42a8-a1e7-b274edeb26f6/ “The problem with compounding in any is it eventually eats all of the whatever is in the system or it makes it hard for others to compete in that system or participate effectively in that system. And that's the argument that's being made today against capitalism.” — David Friedberg, All-In Podcast Tue, 12 May 2026 21:17:30 +0000 competition https://minutesof.com/q/226edc58-204f-473d-b45a-0c4cc365ace5/ https://minutesof.com/q/226edc58-204f-473d-b45a-0c4cc365ace5/ “South Korea, not China, South Korea can build a nuclear fission plant for one fourth the price that we can in The US. And someone needs to be massively alarmed by that.” — Bill Gurley, MIT Sloan VCPE Mon, 11 May 2026 19:59:13 +0000 competition https://minutesof.com/q/746c1171-f47b-4bdf-af74-4ebc82fb005d/ https://minutesof.com/q/746c1171-f47b-4bdf-af74-4ebc82fb005d/ “They have built, inside of a communist country, have built a system that's highly competitive. And it comes from leveraging provincial competition and some other things.” — Bill Gurley, MIT Sloan VCPE Mon, 11 May 2026 19:59:13 +0000 competition https://minutesof.com/q/5088e7fd-cd96-490d-8e28-742996e15d58/ https://minutesof.com/q/5088e7fd-cd96-490d-8e28-742996e15d58/ “I have a phrase I use, regulation is the friend of the incumbent. So they use it to actually raise prices, prevent competition, and further in ensconce themselves in the leadership role they're already in.” — Bill Gurley, Tom Bilyeu Thu, 23 Apr 2026 13:01:05 +0000 competition https://minutesof.com/q/c8d98da3-41a8-43a6-a28f-f476f4c3e791/ https://minutesof.com/q/c8d98da3-41a8-43a6-a28f-f476f4c3e791/ “And in most fields, and I'm sure this is true in theater even though I've never worked in it, there's tons of winners.” — Bill Gurley, Aaron Lazar: Impossible Dreams Tue, 31 Mar 2026 13:00:15 +0000 competition https://minutesof.com/q/ca3597d6-2f62-403f-88f0-7ee3619d11f4/ https://minutesof.com/q/ca3597d6-2f62-403f-88f0-7ee3619d11f4/ “If you think like just being young will make you good at venture capital, that's wrong. But and it is a job that does not have a supply demand balance.” — Bill Gurley, School of Hard Knocks Podcast Thu, 26 Mar 2026 21:34:25 +0000 competition https://minutesof.com/q/612e2837-3f64-4d0a-9d89-4dc039f838af/ https://minutesof.com/q/612e2837-3f64-4d0a-9d89-4dc039f838af/ “the biggest threat to their businesses where they're cashing in billions of dollars is the open source movement.” — Bill Gurley, Mighty Pursuit Tue, 24 Mar 2026 15:49:15 +0000 competition https://minutesof.com/q/78269afd-6a9c-4f4f-824a-bb93fb6218ba/ https://minutesof.com/q/78269afd-6a9c-4f4f-824a-bb93fb6218ba/ “But what I would tell people is the world's not zero sum. In any field that we're in, there's, there's many, many winners, many, many great winners.” — Bill Gurley, Anthony Scaramucci Tue, 17 Mar 2026 16:00:20 +0000 competition https://minutesof.com/q/f022ded7-b9fb-486a-adaa-4278b4cd8881/ https://minutesof.com/q/f022ded7-b9fb-486a-adaa-4278b4cd8881/ “I can buy 10,000. I could buy a 100,000. I can't buy millions, tens of millions, which is what Jensen's, setting his supply chain up for.” — Dylan Patel, CNBC Television Mon, 16 Mar 2026 21:58:55 +0000 competition https://minutesof.com/q/db39a85b-686a-4842-8953-f7515307baa2/ https://minutesof.com/q/db39a85b-686a-4842-8953-f7515307baa2/ “It's actually insane. And so my plans of hiring and the business we win and the basis we're able to do is actually just growing.” — Dylan Patel, Matthew Berman Mon, 09 Mar 2026 17:07:47 +0000 competition https://minutesof.com/q/a2ff5dff-54a5-44d7-86dd-3f44d1147b98/ https://minutesof.com/q/a2ff5dff-54a5-44d7-86dd-3f44d1147b98/ “I think the odds that that, you know, The US with two, you know, proprietary models can stay ahead of China with 10 open source ones is very low.” — Bill Gurley, BigDeal by Codie Sanchez Wed, 04 Mar 2026 15:00:36 +0000 competition https://minutesof.com/q/1a12e93a-ad89-4cbb-b50f-13fa477ab793/ https://minutesof.com/q/1a12e93a-ad89-4cbb-b50f-13fa477ab793/ “And if you have 10 companies all doing open source, the minute an idea is shared, it's available to the other 10, and they absorb it immediately.” — Bill Gurley, BigDeal by Codie Sanchez Wed, 04 Mar 2026 15:00:36 +0000 competition https://minutesof.com/q/7a002360-69af-41ea-857e-f3a041edf25c/ https://minutesof.com/q/7a002360-69af-41ea-857e-f3a041edf25c/ “in almost every industry in The US where there's heavy regulation, you've ended up with less diversity, fewer companies, more of a oligopoly.” — Bill Gurley, On with Kara Swisher Thu, 26 Feb 2026 15:18:55 +0000 competition https://minutesof.com/q/f5151417-8649-4570-900f-ca38eeb6fd93/ https://minutesof.com/q/f5151417-8649-4570-900f-ca38eeb6fd93/ “I say it's not your father's venture capital. This is a sport of Kings world we've evolved into and it's fight to the death.” — Bill Gurley, Young and Profiting Mon, 23 Feb 2026 11:01:05 +0000 competition https://minutesof.com/q/45757099-7e4d-47d4-8b48-eb34bc6ce2c0/ https://minutesof.com/q/45757099-7e4d-47d4-8b48-eb34bc6ce2c0/ “If different companies are competing to provide the AI service, maybe they'll compete on price to the point where it's not profitable for them.” — Howard Marks, The Investor’s Podcast Sat, 21 Feb 2026 22:45:03 +0000 competition https://minutesof.com/q/538f76b7-6853-4262-9a53-f082056d956f/ https://minutesof.com/q/538f76b7-6853-4262-9a53-f082056d956f/ “To whom will the savings accrue? If different companies are competing to provide the AI service, maybe they'll compete on price to the point where it's not profitable for them.” — Howard Marks, The Investor’s Podcast Sat, 21 Feb 2026 22:45:03 +0000 competition https://minutesof.com/q/cb183734-4890-424e-8f87-6914b43816b0/ https://minutesof.com/q/cb183734-4890-424e-8f87-6914b43816b0/ “now we're in a weird world where the amount of money that gets thrown at every project, I kind of lived through this with Uber Lyft because both companies had billions and billions of dollars” — Bill Gurley, Tetragrammaton with Rick Rubin Thu, 12 Feb 2026 16:34:22 +0000 competition https://minutesof.com/q/fe51e725-980e-481f-b76c-2e41dcbdde73/ https://minutesof.com/q/fe51e725-980e-481f-b76c-2e41dcbdde73/ “And then they have to be two x to four x better to justify four x better to justify their margins because that's what they're charging above cogs.” — Dylan Patel, The MAD Podcast with Matt Turck Thu, 05 Feb 2026 13:30:16 +0000 competition https://minutesof.com/q/0af8e524-c5df-44cd-a672-ddcab4d2b6de/ https://minutesof.com/q/0af8e524-c5df-44cd-a672-ddcab4d2b6de/ “NVIDIA recognizes they're they're the leader, they're the tent pole. Hey, in one respect, they can just run faster than everyone, but it's kind of hard to be two x better than Google or or OpenAI or whoever else's internal chip, right, to justify their, you know, 75% plus margins.” — Dylan Patel, The MAD Podcast with Matt Turck Thu, 05 Feb 2026 13:30:16 +0000 competition https://minutesof.com/q/cab37bea-bd50-491d-a1f9-d5f9cad79a30/ https://minutesof.com/q/cab37bea-bd50-491d-a1f9-d5f9cad79a30/ “In twenty fifteen, ten years ago, papers published by Chinese research labs and major scientific journals were about half of The United States. Yeah. Now 50% more than The United States.” — David Friedberg, Network State Podcast Sun, 21 Dec 2025 08:30:07 +0000 competition https://minutesof.com/q/0c2c511c-7def-42da-b91c-cc0618d3880f/ https://minutesof.com/q/0c2c511c-7def-42da-b91c-cc0618d3880f/ “Hearing that caused me to ask the question, does America really benefit by the fact that the Mag7 have $3,000,000,000,000 market caps?” — Bill Gurley, Tim Ferriss Wed, 17 Dec 2025 16:45:52 +0000 competition https://minutesof.com/q/1948c3cb-c870-4afe-94f8-2523e15bb7e8/ https://minutesof.com/q/1948c3cb-c870-4afe-94f8-2523e15bb7e8/ “So I think the thing that a lot of people in Silicon Valley love about capitalism is this notion of the invisible hand and competition that leads to innovation and best practice, and the winners rise up and they're better for it. That is happening there.” — Bill Gurley, Tim Ferriss Wed, 17 Dec 2025 16:45:52 +0000 competition https://minutesof.com/q/ea3cf02f-7d0e-4bca-b768-9af08fb48270/ https://minutesof.com/q/ea3cf02f-7d0e-4bca-b768-9af08fb48270/ “Oracle is going from like one fifth your size to bigger than you by end of twenty twenty seven.” — Dylan Patel, Dwarkesh Patel Wed, 12 Nov 2025 17:02:10 +0000 competition https://minutesof.com/q/2566df32-2ab3-41ff-a71b-80191739e049/ https://minutesof.com/q/2566df32-2ab3-41ff-a71b-80191739e049/ “So I think there are many boards and many CFOs who have been put in a position where they say, well, if we don't do it, everyone else is doing it, you might fall behind.” — Bill Gurley, Bg2 Pod Tue, 14 Oct 2025 23:56:17 +0000 competition https://minutesof.com/q/c372bdd3-3ac1-4d1c-b117-d9c68e1c2f22/ https://minutesof.com/q/c372bdd3-3ac1-4d1c-b117-d9c68e1c2f22/ “And he says even beyond that, their cost, their quality of vehicles is far superior to what I see in the West.” — Bill Gurley, Bg2 Pod Thu, 28 Aug 2025 23:51:07 +0000 competition https://minutesof.com/q/ac5e3988-2b7f-4115-afae-05500abbe53e/ https://minutesof.com/q/ac5e3988-2b7f-4115-afae-05500abbe53e/ “And he says even beyond that, their cost, their quality of vehicles is far superior to what I see in the West. We are in a global competition with China, and it's not just EVs.” — Bill Gurley, Bg2 Pod Thu, 28 Aug 2025 23:51:07 +0000 competition https://minutesof.com/q/d30a2244-15b1-4298-90b9-89c679a84bf2/ https://minutesof.com/q/d30a2244-15b1-4298-90b9-89c679a84bf2/ “And he insisted they ship him one back to Chicago, and he's been driving it around. And he's made some pretty extreme statements after having experienced Xiaomi.” — Bill Gurley, Bg2 Pod Thu, 28 Aug 2025 23:51:07 +0000 competition https://minutesof.com/q/f8382350-ebd6-4af4-ac16-1dfdcd3fde66/ https://minutesof.com/q/f8382350-ebd6-4af4-ac16-1dfdcd3fde66/ “So now you need to do something, you know, that will give you five x advantage, right, in hardware efficiency for a certain type of workload, and then pray the workload doesn't shift.” — Dylan Patel, a16z Mon, 18 Aug 2025 18:26:43 +0000 competition https://minutesof.com/q/1bef91d6-c75f-476c-a33f-1cec565d5243/ https://minutesof.com/q/1bef91d6-c75f-476c-a33f-1cec565d5243/ “They're gonna have better negotiations with whether it's TSMC or SK Hynix and the memory and silicon side or all the rack people or, like, copper cables, everything, they're gonna have better cost efficiency.” — Dylan Patel, a16z Mon, 18 Aug 2025 18:26:43 +0000 competition https://minutesof.com/q/c8eac535-452a-4b6e-8c91-ceaf06696696/ https://minutesof.com/q/c8eac535-452a-4b6e-8c91-ceaf06696696/ “And you can see peak to trough is down 8% year over year. Peak to trough is, let's say, down 11. So clearly, page views are going down,” — Brad Gerstner, BG2 Pod Fri, 20 Jun 2025 00:11:39 +0000 competition https://minutesof.com/q/3282dfbc-a62e-4b87-ad71-76067163ee7e/ https://minutesof.com/q/3282dfbc-a62e-4b87-ad71-76067163ee7e/ “in these industries where they wanna succeed, they actually make sure that there are 500 competitors or a thousand competitors. And then they let the market whittle down to what the best one is.” — Bill Gurley, BG2 Pod Thu, 05 Jun 2025 23:20:47 +0000 competition https://minutesof.com/q/a64a56f5-df99-4993-bd99-c6e00a54110d/ https://minutesof.com/q/a64a56f5-df99-4993-bd99-c6e00a54110d/ “I think what was really surprising was that it was a Chinese company for the first time. Right? Because Google and and OpenAI and Anthropic and Meta have all traded blows.” — Dylan Patel, Alex Kantrowitz Wed, 23 Apr 2025 16:30:06 +0000 competition https://minutesof.com/q/168141e4-9ed2-43a1-b661-cd71af64f1a7/ https://minutesof.com/q/168141e4-9ed2-43a1-b661-cd71af64f1a7/ “I think this anti Chinese mentality is a little nuts because if you look at low cost EVs, if you look at their subway stations, if you look at, they're leading us in many areas.” — Bill Gurley, Bg2 Pod Mon, 06 Jan 2025 21:47:42 +0000 competition https://minutesof.com/q/b5c60fc9-1d66-4358-a1e6-daaab9bc74ec/ https://minutesof.com/q/b5c60fc9-1d66-4358-a1e6-daaab9bc74ec/ “I could argue, especially since I'm old and I've seen these shifts that everyone's awake on this one, or it has, it's the most awake, like it's heavily choreographed.” — Bill Gurley, Bg2 Pod Thu, 12 Dec 2024 18:20:19 +0000 competition https://minutesof.com/q/1a3c7d28-5482-493f-b526-9c7b3c87b9ca/ https://minutesof.com/q/1a3c7d28-5482-493f-b526-9c7b3c87b9ca/ “If you're a closed model company, the question first is, okay, I'm going to have to compete and keep up with this frontier level competition. That's hard enough. It takes a lot of resources.” — Bill Gurley, BG2 Pod Thu, 25 Jul 2024 14:00:00 +0000 competition https://minutesof.com/q/3393ed6a-9260-4daa-9764-d2347ce64ee5/ https://minutesof.com/q/3393ed6a-9260-4daa-9764-d2347ce64ee5/ “Having crazy money in the market is not necessarily consistent with creating positive return for your venture capital portfolio.” — Bill Gurley, BG2 Pod Thu, 11 Jul 2024 20:24:05 +0000 competition https://minutesof.com/q/a94d9ba3-2eb9-447f-8a3f-11ede0b973ed/ https://minutesof.com/q/a94d9ba3-2eb9-447f-8a3f-11ede0b973ed/ “They were dominant in 10 blue links. They are not dominant in this. There are a lot of other players in the age of” — Brad Gerstner, CNBC Television Tue, 11 Jun 2024 17:21:48 +0000 competition https://minutesof.com/q/95328126-a772-45b7-bfb4-88470ae2d513/ https://minutesof.com/q/95328126-a772-45b7-bfb4-88470ae2d513/ “I think there are four important ingredients to compete in this market. Number one, you have to have capital, and the leaders are spending $40,000,000,000 a year.” — Brad Gerstner, BG2 Pod Mon, 29 Apr 2024 21:09:39 +0000 competition https://minutesof.com/q/e98656f5-e49e-4765-ad64-d71113e105f4/ https://minutesof.com/q/e98656f5-e49e-4765-ad64-d71113e105f4/ “200,000,000 a year? There's no way that's high quality capital allocation from my point of view. There's no chance. But maybe they don't have the alternative.” — Bill Gurley, Invest Like the Best Tue, 23 Apr 2024 08:00:00 +0000 competition https://minutesof.com/q/682c9fbf-482e-4076-926a-e1e64b4e24c5/ https://minutesof.com/q/682c9fbf-482e-4076-926a-e1e64b4e24c5/ “100,000,000 a year? 200,000,000 a year? There's no way that's high quality capital allocation from my point of view. There's no chance. But maybe they don't have the alternative.” — Bill Gurley, Invest Like the Best Tue, 23 Apr 2024 08:00:00 +0000 competition https://minutesof.com/q/e7c90608-1736-448a-be2e-268cfcae2151/ https://minutesof.com/q/e7c90608-1736-448a-be2e-268cfcae2151/ “maybe the reason the magnificent seven exists, maybe the reason why those price wars went to where they did is just everyone got educated.” — Bill Gurley, Invest Like the Best Tue, 23 Apr 2024 08:00:00 +0000 competition https://minutesof.com/q/0f693abc-7efe-457e-9260-6af19f3a948e/ https://minutesof.com/q/0f693abc-7efe-457e-9260-6af19f3a948e/ “I said to Michael one time, what if there were multiple players in an increasing returns game and they knew what the outcome was gonna look like? How would it affect their behavior?” — Bill Gurley, Invest Like the Best Tue, 23 Apr 2024 08:00:00 +0000 competition https://minutesof.com/q/e9ec0586-f96d-4c2e-9b61-2f2683a1776b/ https://minutesof.com/q/e9ec0586-f96d-4c2e-9b61-2f2683a1776b/ “There's high competition. But the big problem, and this is structural, is there's low barriers to entry and high barriers to exit.” — Bill Gurley, Invest Like the Best Tue, 23 Apr 2024 08:00:00 +0000 competition https://minutesof.com/q/b3ce4c20-78b7-4a53-94fa-f0545424528b/ https://minutesof.com/q/b3ce4c20-78b7-4a53-94fa-f0545424528b/ “There's a lot of talk about Boeing these days and a lack of competition and coziness with regulators. And it's a really big problem in the industries that have been around the longest.” — Bill Gurley, Invest Like the Best Tue, 23 Apr 2024 08:00:00 +0000 competition https://minutesof.com/q/b300a6e9-c493-458b-90b1-ccb2d675cb3f/ https://minutesof.com/q/b300a6e9-c493-458b-90b1-ccb2d675cb3f/ “If you wanted to be accurate, non consensus in a way around these, part of it ties into the big guys being interested in what they're doing with their own balance sheet to reinforce this, which I consider to be remarkably dangerous and unhealthy.” — Bill Gurley, Invest Like the Best Tue, 23 Apr 2024 08:00:00 +0000 competition https://minutesof.com/q/a7faf375-298c-4968-989e-fe2413fd4467/ https://minutesof.com/q/a7faf375-298c-4968-989e-fe2413fd4467/ “It's already evolved to a point that's very similar to where Uber, Lyft and DoorDash ended up, where there's just so much money moving around that I really don't even think about it as a startup market anymore.” — Bill Gurley, Invest Like the Best Tue, 23 Apr 2024 08:00:00 +0000 competition https://minutesof.com/q/d5c0f9f2-b446-446d-930c-8ba4108784f0/ https://minutesof.com/q/d5c0f9f2-b446-446d-930c-8ba4108784f0/ “the second thing people said was that the runtime models are just highly competitive and many people think that some of the models are already priced under cost, which goes back to the credit investment theme that you and I have talked about.” — Brad Gerstner, BG2 Pod Thu, 04 Apr 2024 17:20:29 +0000 competition https://minutesof.com/q/12fdb8ce-abba-43a5-aa2b-5c00b3b71edf/ https://minutesof.com/q/12fdb8ce-abba-43a5-aa2b-5c00b3b71edf/ “There are already people competing with Nvidia. AMD's competing with Like, there are other people that have somewhat of a head start. Like decades.” — Bill Gurley, BG2 Pod Thu, 22 Feb 2024 12:20:31 +0000 competition https://minutesof.com/q/fa2d7b01-051f-42f8-ab72-c441507a20aa/ https://minutesof.com/q/fa2d7b01-051f-42f8-ab72-c441507a20aa/ “I do believe that there's going to be five to seven companies that will have a GPT-four size model, at least, right, in terms of total flops.” — Dylan Patel, The Inside View Wed, 09 Aug 2023 15:00:23 +0000 competition https://minutesof.com/q/21ece15c-63ae-4065-8f85-9b0a20a6a8dd/ https://minutesof.com/q/21ece15c-63ae-4065-8f85-9b0a20a6a8dd/ “And that's why someone said to me the other day, if Solana eats ETH, then all of these tokens are worth far less than we imagined because there's just a race to the bottom.” — Bill Gurley, Invest Like the Best Tue, 07 Dec 2021 09:00:00 +0000 competition https://minutesof.com/q/d5d7c03b-37ba-443e-be68-a0d5d23d3570/ https://minutesof.com/q/d5d7c03b-37ba-443e-be68-a0d5d23d3570/ “Yes. But I think there's an equally interesting counterpoint to that, that Solana might be cheaper than Ethereum, but then the son of Solana might make Solana equally uninteresting.” — Bill Gurley, Invest Like the Best Tue, 07 Dec 2021 09:00:00 +0000 competition https://minutesof.com/q/ab9ae27d-de5b-413e-b639-e412df314ecf/ https://minutesof.com/q/ab9ae27d-de5b-413e-b639-e412df314ecf/ “One, primitives are simpler. And so the creator tools at Second Life, you could do amazing rich things, but they were a little harder to use.” — Bill Gurley, Invest Like the Best Tue, 07 Dec 2021 09:00:00 +0000 competition https://minutesof.com/q/3e10c557-73d3-4f16-ac35-1f6bb5e86e5a/ https://minutesof.com/q/3e10c557-73d3-4f16-ac35-1f6bb5e86e5a/ “And I can only imagine what it feels like to be at whether it's Apple with FaceTime, Google with Hangouts, Facebook with whatever their video chat is.” — Gavin Baker, Invest Like the Best Thu, 02 Apr 2020 09:30:00 +0000 competition https://minutesof.com/q/c8bf150f-579c-4812-a91b-95b2c9379471/ https://minutesof.com/q/c8bf150f-579c-4812-a91b-95b2c9379471/ “Hyper competition has made it such that the majority of VCs biggest fear is missing out on the next investment.” — Bill Gurley, Bloomberg Tech Thu, 15 Feb 2018 00:05:18 +0000 competition https://minutesof.com/q/6f68a77b-5988-4d2a-baba-a56d8b6821b8/ https://minutesof.com/q/6f68a77b-5988-4d2a-baba-a56d8b6821b8/ “And interestingly, they're not, you know, least with Wintel, you had Microsoft, Intel and Dell and Compaq all fairly aligned to the same initiative.” — Bill Gurley, GigaOm Tue, 11 Dec 2012 18:06:49 +0000 competition https://minutesof.com/q/177345e7-9b27-441c-8b45-c7d617df7a7e/ https://minutesof.com/q/177345e7-9b27-441c-8b45-c7d617df7a7e/ “When I got into venture, every startup presentation ended with what are you going to do when Microsoft does this? Right.” — Bill Gurley, GigaOm Tue, 11 Dec 2012 18:06:49 +0000 competition