David Rosenthal: uncertainty

Transcript context

…I felt like this after shipping apps to the Apps Store, then I was five or six hit, and suddenly there were a million apps. I was like, shoot, it's over. Meanwhile, machine learning had yet to arrive, crypto had yet to arrive. Michael Moritz at Sequoia has a wonderful saying of this. I don't know that this is actually publically written anywhere, but this is the biggest lesson that he took from Sequoia's Cisco investment, which he was looking at the returns at Cisco. He was like, how are we ever going to top this? This is the top. We'll never do better. He was talking to Don Valentine about it and Don was like, it's always going to be bigger. As long as Moore's law continues, then the number and scale of industries that computing and technology can address are always going to grow as long as that is happening. The next generation is always going to be an order of magnitude bigger than this generation. That is played out time and time and time again. Of course, Moore's law technically didn't continue, but the number of cores for the same price that you can put on a single system on a chip has followed the same trajectory as Moore's law. Even when we hit the upper limit on certain things in Physics, the industry seems to figure out a way to continue to have the spirit of Moore's law and the price and power of compute continue such that, this is another Andreessen saying, but at some point, the hardware limitations go away and compute becomes free. Then it's really all about with an infinite and free resource of compute, what you can do with software?…

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