"that one stood a little bit that I guess the story of the foundational story because it looks has been around for a number of years yeah we've been around for over a dozen years the the firm's now man..."

"know out there kind of stuff another third of what we do in terms of style is what we would call thesis driven and that happens to be there's ten investors at the firm and myself and Peter aber the co..."

"inverting it's turning like okay what's the the minimum level of ignorance we need to avoid and you know that basically means knowing as much as we can about the space both public companies private co..."

"premise but that doesn't necessarily reveal whether or not they can actually operate a business and you know somebody that's got the technical expertise to develop a product somebody that's got the pr..."

"so it is I think a rare mix usually the best founding teams we have are that iconic jobs woz like mix we have a company called zukes that's a little bit secretive but less so these days that has raise..."

"interesting right because you hear a lot of VC's saying especially for those areas I only wanted back technical founders but actually you like some of cross-disciplinary teams where people balance eac..."

"to believe ideally before other people might even understand what it is technologically there is I'll give you an example there was a cutting-edge area of physics which actually was real and true and ..."

"fund and to get there do you like pull in outside experts from University X so why do the team itself it luxe is quite technical you know so she's she enforces PhD in electrical engineering in Bilal's..."

"come after you I mean there is a lot of money in the ecosystem but there's not that many people that I actually truly invest in deep take yeah you know I mean today is interesting because I think ther..."

"risks on the table how do we knock them off and and financing risk historically has been one in the space but today I feel like this gear it pundants of cash it's almost too much money like it's the o..."

"they put twenty million round it was a hundred million post during the course of diligence we introduced them to GM and you know nine months later having not invested and been disciplined on price you..."

"way so if you can think further out which also means that you're investing in stuff that is less likely to work more improbable I think you have a competitive advantage now everybody knows that they c..."

"and hype itself is just a measure of belief and expectations right and some of that becomes this positive feedback effect driven by media sometimes it's a narrative that people rally around of success..."

"amazing thing was not just that it was that in Bill's office in a boardroom I find out that these young guys want to take these little antennas for satellite communication and high-speed bandwidth and..."

"unknowable right that's zero but the hundred which was following the certitude of at the edge of each incremental company that led us like a breadcrumb trail to the next zooks same thing you know I'm ..."

"that you know it's it's humbling because you have no idea and then it happens then you can sort of paint it you know paint it backwards this is this linear chain of events that's it speaking of AI wha..."

"and so you continue to be bullish yeah where are we in this cycle we're definitely at the you know I don't know where we are they if we're at the peak but if it's on the cover of Time magazine if it's..."

"you know deep learning and convolutional neural nets and showing the degree of sophistication that they have at the end of the day the customers are gonna want to know what capability do I have to do ..."

"we'll have probably a thousand over the next two years covering every square inch of the ocean and now we are quite literally you know and figuratively navigating very choppy and tricky waters like go..."

"aggressive I think I think investors particularly want to see that that you're gonna be like the kool-aid guy you know just like breaking through walls for your for your team for your investors and ul..."

"so does it work you know find the shortest path to show that it works and then persuade technical experts that firms like us might hire to take a look at it and blow them away thank you so you mention..."

"afford to be wrong okay sit over there so with something that long and horizon how do you place a valuation on something like that and there's no comps it's so you know cutting edge like so how do you..."

"by the way that's another thing people think oh I want to get money from this firm you know there are people that might love lakhs but maybe they don't like Josh maybe they don't like me maybe they li..."