Oxide and Friends Technological Revolutions with Jerry Neumann
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Sep 18, 2025 Jerry Neumann, a veteran investor and writer known for his insights on technological revolutions, joins the hosts to delve into Carlota Perez's fascinating framework. They explore whether AI marks a new wave or is merely the final stage of the IT revolution. Topics include the distinctions between financial and production capital, big tech's cash strategies, and the implications of regulation and social dynamics post-tech busts. Neumann's unique perspective on AI's impact and future investments fuels a lively debate, making it a compelling discussion.
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Three-Time Founder Relationship
- Jerry recounts investing in Liz Zalman's companies across three ventures over many years.
- That long-term founder-investor relationship led to multiple follow-on investments and enduring friendship.
Financial vs Production Capital
- Perez frames technological waves as a shift from speculative 'financial capital' to steady 'production capital'.
- Jerry clarifies financial capital fuels frenzy and risky bets while production capital focuses on rational scaling and customer value.
Fishworks Inside Sun Story
- Bryan describes Fishworks at Sun as an entrepreneurial effort inside a big company that targeted a billion-dollar line.
- He says Oracle became a customer and later acquired Sun's business line, which had complex consequences.
