consumer: everyone on the record — The Minutes https://minutesof.com/on/consumer/ Everyone on the record about consumer: 6 verbatim quotes from 3 people, November 2019 to July 2025, in one chronology, each with a timestamp and a link to… en Sun, 30 Aug 2026 22:32:52 +0000 Brad Gerstner: Gerstner argues consumer ownership, not hardware, determines value; Google dominated for twenty https://minutesof.com/q/19ca1b64-10d8-4f63-902b-e2dac6fe1613/ https://minutesof.com/q/19ca1b64-10d8-4f63-902b-e2dac6fe1613/ “The battle for the consumer is ultimately where the value accrues, Sonny, not who runs, you know, what hardware.” — Brad Gerstner, BG2 Pod Thu, 31 Jul 2025 15:11:15 +0000 consumer Brad Gerstner: Gerstner reports OpenAI consumer product has 65% annual churn rate based on credit card data. https://minutesof.com/q/250854f5-f93f-4259-a16a-85e6841f5cf6/ https://minutesof.com/q/250854f5-f93f-4259-a16a-85e6841f5cf6/ “At least for the cohorts that are old enough, the churn's about 65% annually. So they're only 35% retaining, which Sax had hinted at on all in.” — Brad Gerstner, BG2 Pod Sat, 22 Jun 2024 17:50:33 +0000 consumer Brad Gerstner: Gerstner estimates OpenAI's consumer business represents $2.1 billion of roughly $3-4 billion t https://minutesof.com/q/edee5ce6-f851-4261-8b67-186bd741c93c/ https://minutesof.com/q/edee5ce6-f851-4261-8b67-186bd741c93c/ “It would imply that there are about 2.1 of the three four is the consumer business” — Brad Gerstner, BG2 Pod Sat, 22 Jun 2024 17:50:33 +0000 consumer Bill Gurley: Gurley identifies long-term memory as a major unsolved problem preventing AI from becoming true p https://minutesof.com/q/132863e0-30a1-451e-8a59-14170cd85857/ https://minutesof.com/q/132863e0-30a1-451e-8a59-14170cd85857/ “I do think this memory issue is a big, big deal, at least on the consumer side. So none of the major contenders today can remember who you are because it would require them.” — Bill Gurley, BG2 Pod Thu, 08 Feb 2024 19:35:00 +0000 consumer Bill Gurley: Gurley argues Google and Facebook's power led investors to wrongly believe consumer businesses ar https://minutesof.com/q/34a66b21-08cd-4cb8-b5b6-80047409236f/ https://minutesof.com/q/34a66b21-08cd-4cb8-b5b6-80047409236f/ “I think over the past three or four years, mainly because of the power of Google and Facebook that a lot of people have come to tell themselves that consumers over.” — Bill Gurley, CNBC Television Wed, 12 May 2021 16:26:01 +0000 consumer Gavin Baker: Baker argues used iPhone resale value enables Apple to charge premium prices while maintaining lo https://minutesof.com/q/779c17c7-a53e-4162-9b8e-8cb353fecb78/ https://minutesof.com/q/779c17c7-a53e-4162-9b8e-8cb353fecb78/ “When you trade in your phone, you capture that. That lets the used iPhones retain their value better, supports a dramatic price premium for Apple.” — Gavin Baker, Invest Like the Best Tue, 26 Nov 2019 10:30:00 +0000 consumer