Who is on this subjectordered by the date of their first quote here
9 of 12 lanes rest on fewer than 5 quotes and are marked thin. Offsets are days from the middle first-quote date, 13 Oct 2022 — a date, and nothing else. It is not a claim about who reached a view first.
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Bill Gurley
9
1 Oct 2010 – 29 May 2026
-4395 d
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David Friedberg
1
thin
13 Jul 2021 – 13 Jul 2021
-457 d
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Marc Rowan
6
15 Jul 2021 – 4 Aug 2026
-455 d
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Gavin Baker
3
thin
25 Jan 2022 – 4 Aug 2026
-261 d
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David Tepper
1
thin
13 Oct 2022 – 13 Oct 2022
+0 d
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Brad Gerstner
4
thin
28 Sep 2023 – 3 Feb 2026
+350 d
- David Sacks 1 thin 31 Jan 2025 – 31 Jan 2025 +841 d
- Dylan Patel 7 30 Jun 2025 – 22 Jul 2026 +991 d
- Sir Richard Dearlove 3 thin 25 Sep 2025 – 13 Mar 2026 +1078 d
- John Williams 1 thin
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Kevin Warsh
1
thin
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Scott Bessent
1
thin
The chronologysourced and dated, oldest first
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Bill Gurley
Gurley cites Data Domain and ArcSight as examples of IPO-then-acquisition premium strategy working.
“Another interesting thing is with Data Domain and ArcSight and three part, you've seen companies go public, establish a valuation and then get an M and A premium on top of that.”
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Bill Gurley
Gurley explains Benchmark isn't judged on IRR and would pass on 20% IRR deals due to board seat limits.
“You know, we're luckily in a business where we're not judged on IRR per se.”
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Bill Gurley
Gurley says Benchmark turns down twenty percent IRR opportunities because LPs invest for beta and home runs, not steady returns.
“Like if there's an opportunity where we can make a 20% IRR someone might go, oh you should do every one of those, but we're limited by the number of board seats we can take and our LPs are investing in us to get beta and so they want the home runs”
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Bill Gurley
Gurley says bug bounties are the only offensive security solution versus defensive dam-building approaches.
“It is the only offensive solution. Most of the security solutions are defensive where you're just building a bigger and bigger dam and trying to hold people out.”
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Bill Gurley
Gurley says marketplace success requires doing unscalable things early, which frustrates most business school-trained entrepreneurs.
“And if you took 90% of the entrepreneurs that have been to business school and understand scaling, it drives them nuts.”
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Bill Gurley
Gurley criticizes SoftBank's strategy of deploying hundreds of millions, which forces companies into massive losses.
“I've I've been quoted publicly, like, they've, you know, played a strategy where you hand hundreds of millions of dollars to a company and say, here, go win in the market with this.”
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David Friedberg
Friedberg argues traditional financial firms face a catch-22 in M&A: autonomy loses cross-sell leverage.
“And if they do that, they lose the leverage of their over their existing customer base, which is to cross sell digital services in.”
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Marc Rowan
Rowan tells his team Apollo will change more in the next five years than in the past five.
“I've told our internal team our business is gonna change more in the next five years than it's changed in the past.”
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Marc Rowan
Rowan commits to 15% plus annual cash-on-cash growth with optionality from finance democratization.
“And what we've told the Street is we will grow our business 15% plus cash on cash year over year, and I think that's really good.”
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Bill Gurley
Gurley would bet on a 500 million user communication platform adding avatars over a perfect avatar system without users.
“if I had to place a bet on whether someone that had 500,000,000 users on a digital place platform where people are communicating and that they might add avatars or some digital thing that makes it more immersive versus someone that built the perfect digital three d avatar immersive system but doesn't have the users yet?”
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Gavin Baker
Baker describes adopting a multistage venture strategy from mentor Antonio Gracias.
“But his whole strategy a lot of his strategy for venture, which I ruthlessly copied, is around the idea of their profound advantages towards being multistage.”
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Bill Gurley
Gurley coined the phrase that protecting against downside requires enjoying every bit of upside in venture cycles.
“that's where we came up with this phrase that the best way to protect yourself against the downside is to enjoy every last bit of the upside.”
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David Tepper
Tepper emphasizes need to carefully manage the Panthers' $200 million salary cap and limited draft picks.
“Look, we have to be very careful about how we use our limited resources. We have 200,000,000, 200 plus million salary cap.”
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Marc Rowan
Rowan says Apollo focused on private investment grade markets and now competes for assets amid banking turbulence.
“We went for the private investment grade market. That is the dominant franchise we have built. What we're seeing right now, particularly the turbulence in banking, these are the kind of assets we compete for.”
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Marc Rowan
Rowan says Apollo's existing business plan upside is so large that any distraction is too costly.
“The upside from simply executing the business plan that's in front of us is so high that the price of distraction is just very hard to contemplate.”
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Brad Gerstner
Gerstner says Google made a mistake letting OpenAI go first despite having the technology and capabilities.
“And to relinquish that spot by letting OpenAI go first, when you had the technology, you had the supercompute, you had the capabilities to release that product, I think was a mistake.”
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David Sacks
Sacks argues open-sourcing makes strategic sense for DeepSeek as a Chinese company trying to catch up.
“And so if you're if you're behind and you're trying to catch up, then open source is a strategy that actually really makes sense for you.”
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Marc Rowan
Rowan says he wouldn't have taken Trump's tariff gamble and cites short-term uncertainty and longer-term brand as risks.
“That's not a gamble I would have taken from the position we had. Having said that, short term uncertainty, that's the risk. Longer term brand, that's the risk,”
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Dylan Patel
Patel identifies a major shift in Zuckerberg's strategy toward pursuing superintelligence recently.
“He was chasing like AI is good and great, but like AGI is not a thing that is gonna happen soon. So sort of this is a big shift in strategy”
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Dylan Patel
Patel suggests NVIDIA should use its massive tax bill to invest directly in data center infrastructure despite customer conflicts.
“Now this is obviously gonna be, like, crazy because, like, now they're buying g p their own GPUs and putting them in data centers and doing stuff, and they're competing with their own customers,”
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Brad Gerstner
Gerstner argues OpenAI's global expansion mirrors Google's early 2000s strategy of competing worldwide without government permission.
“This is what Google did in the early two thousand. Right? And by the way, Google didn't have to go to Washington to get a permission or to get a license.”
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Brad Gerstner
Gerstner warns believing China only wins through theft or subsidies prevents US self-improvement.
“if we have this view that the only reason China's competitive or winning is because they're they're stealing or they're subsidized, I think what that view does is it allows us to dilute ourselves into believing we don't need to get better ourselves.”
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Dylan Patel
Patel explains Anthropic's strategy prioritizes solving software engineering and computer use to accelerate AGI development recursively.
“First, we have to solve software engineering, and then we can use that to build all the other pieces. Right? First, we have to solve computer use.”
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Sir Richard Dearlove
Dearlove says big bang system changes are the worst approach for intelligence communities.
“And, of course, the worst thing that you want to do is to have a big bang change in the intelligence community and introduce a new system.”
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Sir Richard Dearlove
Dearlove warns that big bang system changes are the worst approach for intelligence agencies.
“of course, the worst thing that you want to do is to have a big bang change in the intelligence community and introduce a new system.”
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Dylan Patel
Patel notes early GPU systems had low volume but Supermicro continued engineering through generations anticipating future demand.
“What there there wasn't much volume. Right? In those initial systems. Right? In the early time frame. Yeah. Early time frame.”
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Brad Gerstner
Gerstner notes OpenAI has not built data centers while Microsoft, Oracle, CoreWeave, and SoftBank are building them.
“I haven't heard them break ground on any data center. I hear Microsoft building data centers, Oracle building data centers, CoreWeb building data centers, SoftBank building data centers.”
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Dylan Patel
Patel explains Jensen fears specialized chips could undercut NVIDIA's margins if they only made general-purpose GPUs.
“Jensen is very paranoid about losing. Right? These specializations if he just kept making his mainline chip would mean people could you know point point solutions for specific parts of the market would crush him on cost and performance, then he can't justify his margin.”
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Dylan Patel
Patel says Sam Altman's greatest skill is taking advantage of a crisis to sign government deals.
“That's maybe his greatest skill, is to take advantage of a good crisis. And so he goes out there and he signs deals with the US government.”
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Sir Richard Dearlove
Dearlove warns Israel risks winning militarily against Iran but losing politically despite extraordinary achievement.
“This small country with a relatively small population has taken on and defeated a country of 90,000,000 people. You know, it's an extraordinary military achievement. But beware, you could win militarily and lose politically.”
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Bill Gurley
Gurley says Anthropic uniquely both leads AI development and is the most negative public commentator on AI risks.
“I have to tell you that Anthropic is a mystery to me. I've never ever seen a company that is both leading their field and the most negatively outspoken commenter on what they do.”
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Gavin Baker
Baker explains Hock Tan's model is opposite of Dell's: find drained profit pools with no competition, enter, and raise prices.
“Hock's model has always been to find a profit pool that has been drained and there's no competition left, enter that and jack prices up.”
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Dylan Patel
Patel argues companies cannot pause to measure ROI because experimentation is the only path to finding AI value.
“So how one say, oh, pause, let me measure value, when trying a bunch of stuff is the only way you can actually get to figuring out where the value is versus what doesn't work?”
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Gavin Baker
Baker argues breaking memory supply agreements could destroy franchises due to allocation loss risk.
“I just think given that this is, the axis around which kind of everything is revolving, man, like, might blow up your entire business and your franchise by breaking an LTA.”
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Marc Rowan
Rowan announces new Austin office intended to build future businesses rather than replicate existing operations.
“We confirmed yesterday that we will be opening a new office in Austin, Texas. And unlike a new office that simply houses more of the same,”
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Kevin Warsh
Warsh notes the FOMC unanimously reaffirmed its Statement on Longer-Run Goals and Monetary Policy Strategy at its organizational meeting.
“The Federal Open Market Committee, at its annual organizational meeting this week, unanimously reaffirmed its "Statement of Longer-Run Goals and Monetary Policy Strategy."”
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Scott Bessent
Bessent cites 2026 strategy identifying far-left terrorists as one of three major U.S. threats.
“The 2026 U.S. Counterterrorism Strategy identifies violent far-left terrorist groups as one of the three major terrorist threats facing the United States today.”
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John Williams
Williams outlines three key features for monetary policy: consistent strategy, readiness to act, and disciplined adaptation to changing conditions.
“Third, it implies being clear-eyed and disciplined in adapting to and communicating the changing economic landscape and resulting policy trade-offs and decisions.”
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Where they overlapsame programme, same subject
- CNBC Television also carries Brad Gerstner, David Friedberg and Marc Rowan on this subject, at different times.
- Invest Like the Best also carries Bill Gurley and Gavin Baker on this subject, at different times.