Martin Casado: belief

Transcript context

…Yeah, I’m curious who these teams are supposed to be that invest in them. I feel like everybody’s like, yeah, robotics, it’s important and like people should invest in it. But then when you look at like the numbers, like the capital requirements early on versus like the moment of, okay, this is actually gonna work. Let’s keep investing. That seems really hard to predict in a way that is not, I think co, CO two, kla, gc, I mean these are all invested in in Harvard companies. He just, you know, and [00:22:00] listen, I mean, it could work this time for sure. Right? I mean if Elon’s doing it, he’s like, right. Just, just the fact that Elon’s doing it means that there’s gonna be a lot of capital and a lot of attempts for a long period of time. So that alone maybe suggests that we should just be investing in robotics just ‘cause you have this North star who’s Elon with a humanoid and that’s gonna like basically willing into being an industry. Um, but we’ve just historically found like. We’re a huge believer that this is gonna happen. We just don’t feel like we’re in a good position to diligence these things. ‘cause again, robotics companies tend to be vertical. You really have to understand the market they’re being sold into. Like that’s like that competitive equilibrium with a human being is what’s important. It’s not like the core tech and like we’re kind of more horizontal core tech type investors. And this is Sarah and I. Yeah, the ad team is different. They can actually do these types of things. Uh, just to clarify, AD stands for…

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