David Morehead

Mentioned in 1 episode

"I think it was the CEO of Salesforce, like six or eight months ago, said that the best that AI was going to be is like 93% right, which is phenomenal, and that might be better than a lot of people, but the issue is software is 100% right."

Mentioned in 1 episode

"We happen to have about 2.5% of the endowment in Anthropic. We have no exposure to SpaceX. We've had no exposure to OpenAI. But about 2 and a half percent of the endowment is in Anthropic."

Mentioned in 1 episode

"We have no exposure to SpaceX. We've had no exposure to OpenAI."

Mentioned in 1 episode

"Say we have Nvidia in the portfolio, and then the next marginal manager wants to add Nvidia to his or her portfolio. We can look at our portfolio and be like, we've got plenty of Nvidia — we actually say no, we don't need more Nvidia."

Mentioned in 1 episode

"Which fund are you not in that you would most like to be in? Probably Benchmark. Ton of respect there."

Mentioned in 1 episode

"The single reason that privates exist is to make money. Period. We're really focusing today on VC, expansion growth equity, and buyout. The return timeline — there are also fewer zeros, so everything else doesn't have to cover for the things that don't work. I think their book is annualizing at like 30% on the growth equity side."