Who is on this subjectordered by the date of their first quote here
4 of 5 lanes rest on fewer than 5 quotes and are marked thin. Offsets are days from the middle first-quote date, 12 Jan 2024 — a date, and nothing else. It is not a claim about who reached a view first.
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David Friedberg
3
thin
29 Sep 2022 – 9 Oct 2025
-470 d
- Dylan Patel 2 thin 5 Dec 2023 – 2 Oct 2024 -38 d
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Brad Gerstner
4
thin
12 Jan 2024 – 6 Jul 2026
+0 d
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Bill Gurley
9
25 Jan 2024 – 13 Jul 2026
+13 d
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Gavin Baker
1
thin
8 Jul 2026 – 8 Jul 2026
+908 d
The chronologysourced and dated, oldest first
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David Friedberg
Friedberg says strong storytellers can infinitely fundraise and sell products that don't exist yet.
“The individuals who possess a strong storytelling trait, an ability to paint a picture that elicits emotional context in the listener in a way that drives them to act is a person that can infinitely fundraise, that can attract and recruit the best employees, that can sell customers on a product that doesn't even exist yet.”
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Dylan Patel
Patel predicts OpenAI could raise $100 billion at $500 billion valuation to build a $100 billion supercomputer after GPT-5.
“And after GPT-five releases, if he goes to the market and says like, Hey, I want to raise $100,000,000,000 at $500,000,000,000 valuation, I'm sure the market would give it to him.”
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Brad Gerstner
Gerstner describes negative reflexivity of overpriced rounds forcing companies to spend money foolishly to match valuation.
“I wouldn't have had to spend money like a fool. They nail it yet again. The negative reflexivity that occurs when you have a headline valuation,”
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Bill Gurley
Gurley criticizes founders obsessed with clearing their last round valuation when raising new capital.
“Yeah. People get overly, focused on this last round valuation thing. Like, it is I can't tell you how many founders I've had a conversation with where it's clear the number one objective in their function about the next financing is to clear the bar of the last round. And it just shouldn't matter that much.”
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Dylan Patel
Patel predicts OpenAI will raise 50 to 100 billion dollars by early next year to fund planned cluster builds.
“there's no fucking way you can pay for the scale of clusters that are being planned to be built next year for OpenAI until unless they raise, like, 50 to $100,000,000,000, which I think they will raise that, like, end of this year, early next year.”
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David Friedberg
Friedberg was rejected by all VCs he approached, including Mike Moritz and John Doerr from Google's board.
“And Danny's like, I'll introduce you to all the VCs in the Valley. I had met two of them from Google's board meetings, Mike Moritz and John Doors.”
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David Friedberg
Friedberg raised exactly $2.2 million from friends and network connections to start WeatherBill after VCs rejected him.
“I raised, like, $2,200,000 from friends and, like, networking to other people that Danny had introduced me and that my friends introduced me to.”
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Brad Gerstner
Gerstner says OpenAI has over $40 billion cash and could raise another $70-100 billion for a fortress balance sheet.
“If these reports are true and they're gonna raise another 70 to 100,000,000,000, they would have over a 100,000,000,000 of cash on their balance sheet.”
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Bill Gurley
Gurley notes committee members fundraise across jurisdictions, which he finds inappropriate.
“One thing that's really amazing that most Americans probably don't realize is once your senator or congressman goes on a committee, they start fundraising in other jurisdictions.”
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Bill Gurley
Gurley notes congressmen on committees can fundraise from relevant industries nationwide, which seems inappropriate.
“Like if you're on the finance committee, you can go raise money from every bank around the country. That just doesn't seem appropriate.”
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Bill Gurley
Gurley acknowledges VC's AI-only focus may be rationally correct behavior but creates hardship for non-AI founders with good economics.
“But I I think it's unquestionably true. Like there's just zero interest. And so that's a tough call for someone that's in a business that may have good unit economics that's not AI.”
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Bill Gurley
Gurley describes current venture capital as sport of Kings fight to the death, different from past era.
“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.”
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Bill Gurley
Gurley warns disciplined fundraising means irrelevance when competitors each have $500M to deploy.
“Well, if you're the disciplined one and there's six players with $500,000,000 each hiring salespeople, you're not going to matter.”
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Bill Gurley
Gurley explains liquidation preference allows VCs to treat investments like debt, getting paid first in sales.
“So venture capitalists typically take preferred stock, and it has a term called liquidation preference, which means in a sale, they get the option to basically treat it like debt.”
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Brad Gerstner
Gerstner states SpaceX IPO will raise approximately $75 billion and is rumored for June 12.
“It's gonna be an incredible IPO. It's gonna raise about 75 it's gonna raise about $75,000,000,000.”
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Brad Gerstner
Gerstner says the president asked him and Michael Dell to raise $100 billion, with tens of billions already committed.
“The president asked Michael Dell and I to go out and raise a $100,000,000,000 for these Trump accounts and we're well on our way.”
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Gavin Baker
Baker recounts Schwartzman's story of being blown off by a Boston endowment during Blackstone's early fundraising struggles.
“I was on a hot Friday afternoon and everybody at the endowment had left. They got completely blown off and then it started pouring rain.”
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Bill Gurley
Gurley says venture firms now proactively push money on working companies rather than waiting for companies to raise.
“They all now believe in network effects and power laws. And so if a company's working, they proactively go to them and ask them to take money, which is what you just referred to.”
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Bill Gurley
Gurley contrasts old fundraising where companies decided timing versus today where investors proactively offer money with implied competitor threats.
“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.”
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