David Rosenthal: belief

Transcript context

…Going back to your original question, as a venture firm, how do you create a new practice? I think if we do our jobs right, and we invest in the companies that we're intending to invest in, and we tell the story right, I think every venture capital firm will have an American dynamism practice. While selfishly as an investor, I don't necessarily want that. But as an American, I want that. I want every firm to say, actually, this is the best place to be investing. I can't believe we weren't looking at it and just the extraordinary opportunity. It's not impact investing, it's not ESG. It's not just, oh, well, we're going to see incremental returns. It is going to be the source of American innovation. It is a great place for the top venture firms to be investing. I think if we do our jobs right, we will see this new category. It'll be just like enterprise, will be just like consumer. I'm excited for that to happen, truly. I think that's the story of the next 10–20 years of Silicon Valley. It's cool. You can see it's starting. Space is the first piece of this, I think. It went from deeply unconsensus in Silicon Valley to now pretty consensus. Yeah. One of the things that I think has made this easier is we see these companies in our portfolio before we had this practice. They are soaring. It is not something where it's like, oh, we're creating something completely new from nothing. There are a lot of success cases. The idea that it's just going to be these one-offs, no. This is going to be a category of innovation that becomes almost like you have to be investing actively in this category. In the same way that SaaS wasn't a thing, and then now, who would say we don't invest in SaaS? That is what I think is going to happen. It's not just going to be these one-offs. Maybe we're an investor in this weird thing. It's just going to be, no, this is a category of innovation that's going to be driving this country for the next 10, 20, 30 years.…

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