How to Think About Scale, Funding & Competitive Positioning | David Solomon & Ben Horowitz

We were the largest wholesale funder in the world 10 years ago. There are a lot of things you want to be the largest in the world. Wholesale fund not one of them.>> We got a lot of criticism like why are you raising money now. What are you stupid. And it turns out that the best time to raise money is when nobody has money.>> Last year the four largest companies contributed 1% to GDP growth with their $400 billion of spending. M&A and capital raising IPOs are driven by confidence. For the last four years, wh ...