We were the largest shareholder of Corsera through our strategy. We owned 16% of Corsera when it went public. What did it go public.Huh. We sold the stock at 36 bucks a share and it's $8. $800 million back to LP. ...

So when we go down to that first 35, that's how many companies give or take? Like seven. But most of it is Alibaba, Spotify, Palunteer, and Twitter. This is just dumb block. Come on. I'm not that smart. I mean, we made ridiculous sums of money for LPS in that period. We made a ton of money on Lyft and we lost money on Uber. What? Yeah. How does that work? 40% of my third fund went into Spotify. I went back to our LPs and said, "Listen, we weeded up. We need to pivot. We need another 300 million bucks becaus ...

One of the strategic opportunities was to create Only Fans many many years before Only Fans and we decided not to do it. How does that come as a strategic opportunity and why did you decide not to do it. The reason why I'm saying that we could have done it is because this was actually bubbling within the first versions of Fiverr organically.We didn't have a category for that. We started noticing this was happening behind the scenes. There were like code words that people spread on social and said, "Oh, go t ...

Some companies that were once worth a billion dollars can go to zero. Easily done. Rich Wong Excel said 20% of unicorns this week will just fail.This is pretty rough and tough, but my gut would be it's roughly 20% will be good enough to get public in the end. 20% will totally maybe 25 in each site just for arbitrary sake. And then 50% in the middle are meaningful enough to be valuable but not so meaningful that they'll get public and they'll be merged.They'll combine with someone else that'll be PE. But it' ...

So you're the guy who puts ads in my Dualingo. But I did that. Yeah.Jeem Canu, CPO at Dualingo. Gem leads product strategy for over 90 million monthly active learners. Consumer products live and die in the pixels.Product managers are sometimes viewed as I'm the mini CEO. I decide strategy and then people execute. That is like the worst definition of a product manager that I've ever heard.So if someone is actually creating more output with AI, well, they'll probably get promoted faster. Why would you write s ...

And in the case of Circle, over half of the IPO was sellers, which means you just opted to sell a security at 31 bucks a share and two days later it's trading at 80 bucks a share. That's a lot of money to leave on the table. So, I'm sure if you chose to sell in the IPO, you're sitting back and going, hm, I feel amazing about the outcome, but oh my god, that's a lot of money on the table.Like 20 million shares, I think, were secondary. And you know, at 50 60 bucks of extra dollars a share, that's a billion d ...

how freaking awesome the US capital system is. I mean, the United States has 4% of the world's people. We have roughly 23% of the world's GDP. We have 67% of the world's market cap.We won. Not just our GDP, our income is higher than our population ratio, but our wealth, our corporate sector is even higher than our GDP. Some companies that were once worth a billion dollars can go to zero.The definition of a great business is when your customers can hate you and still do business with you. The truth is SpaceX ...

If you think about the competitive playing field of these different model providers against one another, there's three pillars, right. There's algorithms, compute, and data. And data, I think, is actually the primary pillar that you can imagine a real durable competitive advantage emerging.Because the issue is algorithms, that's IP that at some point, you know, the rest of the industry will learn about. Compute is, you know, you can have more compute than other people, but other people can just spend more m ...

what AI companies is doing right now like the foundational companies it's like privatizing the Manhattan project. So imagine that they do build the atomic bomb and now they're sitting in saying h maybe we'll do it nonprofit or maybe they say oh we'll license the atomic bomb. Do you see a government allowing this.Think about that for a second. If you get to AI that cures the worst disease in the world, which actually is worth a lot of money, do you see government leaving this in private hands. No way. ...

You know when I started building my first company, you create something that is outstanding, you succeed, how fast would someone clone you. Maybe 25 years ago, this would have taken a year depending on the sophistication. When we launched Fiverr, 15 years ago, time to clone was between 6 and 9 months.The time to clone right now is 10 days. Probably for simpler stuff, it's nothing. So the influx of just the amount of things that are being built and they don't have a differentiator, they don't have the delta ...