402. Are Software Businesses Defensible? What is the S curve and How to Time it, and Lessons from Investing in Snowflake, Databricks, and Confluent (Sebastian Duesterhoeft)
The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified
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Insights from Investing Experience and the Emergence of AI
The guest reflects on their investing experience, discussing the challenges and opportunities in the market, particularly in relation to the maturity of past investment trends and the emergence of AI. They explore the comparison between the AI cycle and past cycles, such as cloud, and discuss the potential for a new emerging infrastructure stack. The chapter also highlights the shift in certain industries, such as LegalTech, and the importance of combining technology with human input for optimal results.
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Transcript
