Evidence receipt / uncertainty
Published · transcript-backedDavid Rosenthal: uncertainty
27 Jul 2021 Acquired Andreessen Horowitz Part I
“I don't know if they actually fly to Japan or if they meet with SoftBank in the US.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- uncertainty
- Recorded
- 27 Jul 2021
- Publisher
- Acquired
- Episode
- Andreessen Horowitz Part I
Transcript context
…It sounds like Capex to me, David. That sounds like a lot of CapEx. As they're raising all this money, they're investing forward in all this CapEx and they're getting orders in. Pets.com is like oh, yeah, I'm thrilled to get some of this infrastructure. Then, in early 2000 of course, in March 2000, the bubble starts to deflate. A lot of these orders start vaporizing, but they have forward contracts to buy all this CapEx. They need money even though they just raised $65 million. They go around—this is such a great moment. They're trying to raise money from everyone and all the VCs are spooked at what's going on. They're literally traveling around the world. They go to SoftBank. I don't know if they actually fly to Japan or if they meet with SoftBank in the US. I had no idea.…
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