Acquired / episode intelligence
Speakers in the public record
Claim mix
Evidence policy
Every row below preserves an exact excerpt. Identified speakers are linked; unresolved voices are labeled and excluded from people counts.
Claim ledger
41 published records
01 / belief
“Perot—people forget—dropped out of the campaign three weeks before the election. I think he's still got 17% or 19% of the vote.”
02 / belief
“There has been so much change in venture in the last few years, more change (I think) in the last few years than in the decade that I was doing venture than watching it before.”
03 / belief
“If I think about where you were first successful, it was really realizing that the internet is an amazing place to transact.”
04 / belief
“I think that's right. I've gone on to raise a lot of money for people in politics for a lot of other great causes.”
05 / belief
“I think when we look back at this system in 10 years, it's going to be more vibrant, more capital, more access, more ideas.”
06 / belief
“I had the feeling at the time, and maybe it's just because at that point in time, I didn't believe in myself (perhaps) the way I believe in myself now, but it felt like a very personal ask, like give me money for my campaign.”
07 / commitment
“I will say it was one of the most extraordinary mentor-mentee journeys over the course of the next 2½ years.”
08 / belief
“I said, well, I can't tell you that, but he's one of the big online travel players. He goes, well, I think Barry wants to buy them too.”
09 / belief
“I think he's onto something and I appreciate that on principle, he has the same allergic reaction.”
10 / belief
“You've raised, I think, literally billions of dollars over the years for Altimeter.”
11 / uncertainty
“I don't know how many thousands of people working on security versus your data center that had two consultants.”
12 / belief
“One of the things you correctly identify, which is, I think that unless you have an architecture, unless you deconstruct what's going on in the world and try to understand the theme, the human behavior that's driving these events, then you just have a bunch of data points that are disconnected.”
13 / belief
“I think among the folks who are doing this, we probably might be first among equals in terms of our insights into how to get public.”
14 / evaluation
“We talked to a bunch of your founders in preparation and they were like, oh, it's wonderful, this is great, this is the best thing.”
15 / belief
“There were different ways to prosecute the strategy. I think there are some people who work the cocktail circuit.”
16 / belief
“I think funders care about that because at the end of the day, helping a hedge fund guy make a little bit more money or some venture capitalist make a little bit more money, it's not what gets me up in the morning.”
17 / belief
“The fund was 2000 and vintage, 2012–2013, I think. I'm not sure when that first round of Snowflake.”
18 / uncertainty
“I don't know if it's going to go down in the first year or up in the first year.”
19 / belief
“In that pool of capital, we could also do a certain amount of private investing. But we realized that for the venture and growth opportunities that we saw, we needed a longer duration pool of capital.”
20 / commitment
“I won't mention the firm but probably one of the best-known firms in Silicon Valley who passed on that round in Snowflake.”
21 / uncertainty
“At the time, if you really rewind the clock, Warren Buffett—I don't know what year it was, 1955 when he started his hedge fund—did both publics and privates.”
22 / belief
“I think Snowflake is still over half, or as at the end of last quarter, was still over half of Altimeter's public position.”
23 / observation
“As Buffett has said, the best investments, you have to be non-consensus and right. The problem is, being non-consensus is most often wrong.”
24 / belief
“I learned through some pretty heady times with him. Then at the end of 2007, I said to him, I think I want to do my own thing.”
25 / belief
“What's cool is I think you've basically already seen evidence that this works with Robinhood.”
26 / belief
“Also, what Altimeter ultimately becomes in this, and you guys (I think) are maybe the peers play examples—certainly one of the first, if not, the first—lifecycle investor, it was just not at all obvious that you should go to join a hedge fund at this point.”
27 / belief
“The signaling effect is profoundly important and I think probably underestimated.”
28 / belief
“I don't remember what the exact share price was. I think the enterprise value at the time was somewhere around $175 million.”
29 / belief
“For us, that infrastructure layer in the cloud, all the enablement that would be required in order to get enterprise in the cloud was something we focused on (I would say) more than probably anybody else, and that proved to be a rich vein.”
30 / belief
“I think he's the number one bestie guestie on our friends over at the All-In pod.”
31 / belief
“I think if they do, think of how elegant that Robinhood app is, or your Schwab, or Fidelity app, you open it up and they see all of these names.”
32 / commitment
“Passed that around the table, I was the biggest LP in that fund by a long shot because I wanted to get it upwards of $100 million.”
33 / preference
“I would say with total respect to all those others, first, I don't want to compete in that first round of institutional capital.”
34 / evaluation
“I have post-traumatic stress from that period because if you are a high-burn business with negative unit economics and you fly into a world where risk premiums change, it doesn't matter how good you are.”
35 / uncertainty
“I don't know if one was a seed, an A, and a B, but those were the first three rounds of institutional capital.”
36 / evaluation
“I would say there was a lot about Ross Perot I don't know—it's not an endorsement of his politics—but it was a reminder to me.”
37 / commitment
“I remember we're on a hike in LA and he said, I know you're going to do great with it. And I said, well, here's the thing I promise you, I may lose it all naturally, but I won't steal it.”
38 / preference
“I took the Series 7 because I thought, man, maybe there's something these people know that I don't know.”
39 / evaluation
“I think about that when I hear from entrepreneurs or when I even think about the risk associated with starting Altimeter or starting the other companies I started, it's really not a risk relative to the risk he undertook.”
40 / preference
“I will say that when we launched, I wanted to be in Silicon Valley, but I was in Boston because I had no dough.”
41 / preference
“The second business where I started with Bej, I think I owned 40% of the business when we sold it, that was 4X–5X the outcome.”