Katherine Boyle: belief

Transcript context

…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. And it wasn't the first thing that people attacked, because it didn't have the highest gross margins the way that these Software as a Service businesses did. But as technology permeates everything else in the world, it turns out that you can build some really big businesses by attacking these broad swaths of the American economy. I think we're going to continue to see lots and lots of entrepreneurs do that. We're all better off for it.…

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