AI will be more transformative than the internet. I have reoriented my entire investment strategy around that belief.
When Yahoo offered to buy Facebook for a billion dollars I helped convince Mark to say no. That was a two hundred billion dollar no.
The best founders have a quality you cannot teach. They bend reality. Mark had it. Jensen has it. You know it in the first meeting.
I invest globally because the next Facebook will not necessarily come from Palo Alto. It might come from Beijing or Bangalore.
I invested 12.7 million in Facebook when it was a college social network. The first 30 minutes with Mark told me everything I needed to know.
Venture capital is about people not business plans. The best founders rewrite their business plan three times. The worst ones follow it blindly.