You have this innovation bazooka with these models. Why [music] would you point it at rebuilding [clears throat] payroll or ERP or CRM. The general story that we're going to vibe code everything is flat wrong and the whole market is oversold software.>> I'm so excited to welcome Anish Akaya GP at Andre where he leads consumer and fintech investing at series 8. Now an interesting topic that's not discussed is the cost of transitioning from one SAS provider to another going dramatically down. So systems integ ...

You have this innovation bazooka with these models. Why would you point it at rebuilding payroll or ERP or CRM. The general story that we're going to vibe code everything is flat wrong and the whole market is oversold software.>> I'm so excited to welcome Anish Akaya GP at Andre where he leads consumer and fintech investing at series 8. Now an interesting topic that's not discussed is the cost of transitioning from one SAS provider to another going dramatically down. So systems integration.I don't think we' ...

To be honest, I could actually very compellingly argue it's cheap in two seconds. Watch this. Tesla trades at 1.2% trillion plus or minus.It's got a 100 million flat car business with declining profitability. Let's value that at 2x revenues. That's 200 billion.So, that leaves you a trillion left. There's only two assets that give you that. Self-drive and Optimus.For lack of any information, split it 50/50. Half self-drive, half Optimus. Tesla's self-drive opportunity, which has zero commercial revenue, 20 c ...

with money you gain more time invest the time in your kids. I think that five six years ago I didn't in the last three years I have you know we talked a lot about navan mission and vision and private jets and all of these things there is nothing more rewarding than that I have twins that are 18 my relationship with them is so good so deep I have also a 12 years old again same thing invest the time don't pay that price I did pay that price earlier I definitely regret it and I'm not doing it anymore I'm reall ...

I think there are only two types of companies. For private companies, they're growing at insane rates or they're unfundable. And for public companies, they're accelerating and not decelerating.And whichever category you're in, it's a waste of. ...

The entire Navan was created because of my anxiety in an airport. And it's so so true. No matter what, even with jets, I'm still having the same anxiety.Flying is hard, you know, like time zones is still a thing. Jet leg is still a. ...

When companies shift from being valued on revenue multiples with no deduction for loss, totally ignoring option dilution all the way to being valued on free cash flow and you know where they're basically deducting the SPC, it's just such a huge change. It's such a valuation reset that if you go into that valuation reset and the market suddenly stops thinking of as a growth company and starts thinking of let me compare you to a bank or a utility or an industrial company. It takes a lot of years of flat stock ...

I think Nvidia has no choice. It has to bail out. If OpenAI needs a bailout, it has to bail them out.It has no choice. But, you know, 100 billion is a lot for Nvidia and there it doesn't want everything to be circular. So, that there is there is I think it's just a dance.But, if OpenAI were to stumble and Nvidia has enough like the stumble can't be existential, right. I mean, Microsoft bailed them out for years, but if Nvidia can afford it, it has to it has to bail them out. Enthropic and others have alread ...

Would you prefer to be a SpaceX investor taking 20% dilution here or a Twitter/x. ai investor rolling into the largest market cap private company on the planet maybe 6 months before it goes public. What you just saw is the rehabilitation of the IPO.I'm going to call it the end of stay private forever. >> Compute and revenue have a 1 to1 correlation. So as long as that holds, it makes sense to consume every single penny of capital on all of planet Earth.Elon operates like the Marines. No investor left behind ...

Would you prefer to be a SpaceX investor taking 20% dilution here or a Twitter/x.ai investor rolling into the largest market cap private company on the planet maybe 6 months before it goes public? What you just saw is the rehabilitation of the IPO. I'm going to call it the end of stay private forever. >> Compute and revenue have a 1 to1 correlation. So as long as that holds, it makes sense to consume every single penny of capital on all of planet Earth. Elon operates like the Marines. No investor left behin ...