Bill Gurley

Founder/President @p3institute
Author: Runnin' Down a Dream, pre-order link below!
Founder: Runnin' Down a Dream Foundation
VC @benchmark
Trustee @sfiscience

[Bill Gurley @bgurley]

I have written my first book! A passion project of almost 10 years, Runnin' Down a Dream aims to give people both the motivation & the methods for thriving in a career they actually love. Put a lot of heart and soul into this - hope you ❤️ it. Pre-order: https://t.co/vR4XG6JxDy

[Bill Gurley @bgurley]

Possible scenarios (ranked in order):

1/ Your country makes the best cheapest products. You export, and your citizens also buy the best.
2/ Your country doesn’t make the best/cheapest; but your consumers enjoy them (Brazil below).
3/ Your country doesn’t make the cheapest/best AND your country blocks access to your market. So you pay more for worst products, and you don’t export. Plus your local companies become less globally competitive as they are protected.

#3 is the worst. It’s what Europe did when America thrived. And it’s what many in Washington recommend today.

[Jonathan Cheng @JChengWSJ]

The Economist: “Brazilians are going gaga for Chinese brands…Affluent Brazilians drive cars made by BYD, use phones made by Huawei, watch televisions produced by Hisense, order meals with 99Food, a delivery app, and shop online at Shopee.”
https://t.co/OJQNWxBZnT

[Bill Gurley @bgurley]

@trivedin @Jakewk @nix_eth @grok Because it’s still “more open” than here is US. Water runs downhill. It’s more disruptive. Like Walmart is more disruptive than Sears. Same reason BYD winning in Europe.

[Bill Gurley @bgurley]

@Jakewk @nix_eth @grok Hows that different from closed sourced model leader? who might covet your business expertise?

On this topic - if we are worried about the "influence" of the model, wouldn't we ant the Chinese distilling on our models? Wasn't that the idea about sharing our media?

[sam lessin 🏴‍☠️ @lessin]

We don’t take stakes in healthy companies. Proposing that as last ditch regulatory capture attempt in commodity market is 😢 … or at best un-American disingenuous WWE politics, not pro-market, not pro-freedom.

[Chamath Palihapitiya @chamath]

It’s well within Anthropic’s rights to compete in any market they choose.

What’s funny, in this instance, are the number of Pharma companies, who through their unchecked use of Anthropic, are driving revenues into what they think is a model provider but is in fact a competitor lurking in the shadows thereby accelerating their own demise.

I suspect any end market with reasonable ROCE that could be AI accelerated is on the table.

If I were them, I’d probably do the same.

[Brad Gerstner @altcap]

The American Dream has never belonged to one party. It belongs to every child. Grateful to be in Newark w @SenBooker signing up kids for @TrumpAccounts. In NJ over 1 M kids have at least $250 waiting in their free, lifetime investment account. 🇺🇸🚀

[Bill Gurley @bgurley]

WeChat has been a little quiet on AI front & perhaps even falling into being considered a laggard. But this week, Pony Ma presented a new vision on how to turn "mini-apps" (still no real equivalent in US) into AI handshakes. Manny partners announced. Could be a powerful move. Read more below.

[Crossing The River @CTR_China]

WeChat has been somewhat quiet in AI land. Now Pony Ma comes out swinging. Leveraging min-apps as a path to being your personal AI agent. Read more below.

https://t.co/xDmWamGNJh

[Bill Gurley @bgurley]

This is absolutely correct. The only way to fight "open" is with "open." Glad to hear a voice in Washington that understands the real stakes.

[Abundance Institute @abundanceinst]

"At this very moment China is giving its AI technology away.

It's releasing open-weight AI models that are cheap, capable, and they're fast becoming the world's default."

We can overcome this. @neil_chilson testified before @HouseCommerce @EnergyCommerce today to explain how.

[Bill Gurley @bgurley]

@jaltma My brother.

[Bill Gurley @bgurley]

@dee_bosa This lie is continuously told by people that don’t understand OS. It can monetize. Not at the level as proprietary which is exactly why it’s disruptive.

“Your margin is my opportunity.“

[Deirdre Bosa @dee_bosa]

narrative violation: open source can be monetized

if Kimi is doing $300M ARR, 70%+ from API --the lesson for the US isn't to dismiss Chinese open models, but build better open model businesses here.

[Bill Gurley @bgurley]

Super cool momentum here. Groundbreaking public/private partnerships. And the most effective program for inequality — direct wealth transfer. No unnecessary rake. Great to see new incremental use cases. Love this - business supporting local community.

[Brad Gerstner @altcap]

$250 M directly into 1 M kids @TrumpAccounts - a totally new type of massive philanthropy unlocked by the Invest America Act. Thank u Sanjay @MicronCEO for laying out a blueprint for businesses across America & welcome to the @InvestAmerica24 CEO Council! 🇺🇸🚀🇺🇸

[Bill Gurley @bgurley]

@Nabilkeano Nope. They will use free AI.

[Bill Gurley @bgurley]

This is 💯 right. You might as well put a high-fence around the United States. We wouldn’t be locking other people out — we would be caging ourselves in. & using AI with price/performance that isn’t globally competitive. No need to protect the fastest growing company of all time.

[Deirdre Bosa @dee_bosa]

Banning or restricting Chinese models in the US would backfire and cede the global AI ecosystem to Beijing

the new AI paradox: slowing America, speeding China

[Bill Gurley @bgurley]

@corleonecapital What allies?

[Bill Gurley @bgurley]

@deepanshusharmx Open source is a powerfully competitive tool used by non incumbents to be successful. Good news is it leads to disruptively low price for consumers. And less monopolists. All good stuff.

[Bill Gurley @bgurley]

Not sure how many out there follow tech and @WNBA but this is quite funny. Maybe @KevinOConnor. HT @sophaller

[Christopher Fryant @cfryant]

When you just happen to report any conceivable threat to your business to the US government.

[Bill Gurley @bgurley]

@ASankarraman Same in EVs. Blocking is using the late 1900 European playbook. Will have same effect.

[Bill Gurley @bgurley]

@DutchRojas Very good. Really targeted at people post first career that still want to be active.