BG2Pod with Brad Gerstner and Bill Gurley

Ep10. Pre-IPO Market, AI Hype Cycle, Is Software Dead? | BG2 with Bill Gurley & Brad Gerstner

Jun 10, 2024

Tech investor Bill Gurley and Altimeter Capital CEO Brad Gerstner discuss the Pre-IPO market, AI's future potential, the state of software, excess capital impact, AI spending effects on investments, and public market opportunities. Insightful dive into tech, markets, and investing.

58:56

Creator website

Episode guests

Bill Gurley

Brad Gerstner

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Excessive capital distorts company behavior, hindering innovation and efficiency.

The changing pre-IPO market landscape reflects AI's increasing influence on funding trends.

Software industry debates intensify with AI's disruptive potential and challenges for companies.

Deep dives

Excess Capital Distorts Company Behavior

Excess capital distorts company behavior, making it challenging for companies to remain efficient and innovative. Scarcity fosters necessity and innovation, questioning the negative impacts of excessive capital intake on business culture and fundamentals.

Excess Capital Distorts Company Behavior

00:54

Evolution of AI and Software

01:16

Demonstrating Growth and Automation in Data Businesses

01:23

Evaluating Business Metrics for Growth and Profitability

01:18

Intro

2min

The Age of AI and Late-Stage Market Dynamics

23min

Navigating the AI Hype Cycle in the Tech Industry

18min

Effective Applications of Large Language Models in Enterprise Settings

7min

Exploring Snowflake's Expansion into Computing with Cortex AI and the Role of Language Models in Enterprise Settings

2min

Discussion on Company Gleam, Foundational Model Companies, and the Evolution of Software

3min

Exploring the Conflict Between Software Optimism and AI Hype Cycle

3min

Open Source bi-weekly convo w/ Bill Gurley and Brad Gerstner on all things tech, markets, investing & capitalism. This week, they discuss Pre-IPO market Changes, the reality versus perception of AI's future potential, the state of software, the impact of excess capital in the late-stage market, the importance of capitalism and immigration for the future of the United States, and more. Enjoy another episode of Bg2.

Timestamps:

(00:00) Intro

(02:16) Letter from Brad’s Mom

(07:28) The Changing Landscape of the Pre-IPO Market

(24:50) AI Hype Cycle

(33:19) Is Software Dead?

(37:03) The Impact of Excess Capital in the Late-Stage Market

(42:18) How AI Spending Affects Investments

(54:52) Opportunities for Investments in the Public Markets

Available on Apple, Spotify, www.bg2pod.com

Follow:

Brad Gerstner @altcap

Bill Gurley @bgurley

BG2 Pod @bg2pod

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