Abie Katz

curious

[Abie Katz @AbieKatz]

@ericvishria Ain’t this you though?

[Abie Katz @AbieKatz]

@TheZvi @grok please summarize

[Abie Katz @AbieKatz]

@villi What do you want to see more of?

[Abie Katz @AbieKatz]

@almostcmb I’d take the deal for Ramp or Anthropic

[Abie Katz @AbieKatz]

@shaunmmaguire @martin_casado It’s cool seeing two of the leading VC firms want to collaborate together on such an important cause

[Abie Katz @AbieKatz]

1.Andreessen Horowitz — 2009 (17 years)
2.Insight Partners — 1995 (31 years)
3.Sequoia Capital — 1972 (54 years)
4.Tiger Global Management — 2001 (25 years)
5.Founders Fund — 2005 (21 years)
6.Thrive Capital — 2009 (17 years)
7.Lightspeed — 2000 (26 years)
8.Accel — 1983 (43 years)
9.General Catalyst — 2000 (26 years)
10.Dragoneer Investment Group — 2012 (14 years)
https://t.co/N6Zgm72XVf Enterprise Associates — 1977 (49 years)
12.Index Ventures — 1996 (30 years)
13.TCV — 1995 (31 years)
14.Khosla Ventures — 2004 (22 years)
15.OrbiMed — 1989 (37 years)
16.Bessemer Venture Partners — 1911 (115 years)
17.Deerfield Management — 1994 (32 years)
18.Battery Ventures — 1983 (43 years)

[Abie Katz @AbieKatz]

@micsolana In 2014 there was a public art project by the non profit Art City Project that took over 11 billboards, 4 bus shelters, and 3 buses and it gave me a surprising amount of joy to see

[Abie Katz @AbieKatz]

@paulg I don’t think there’s any one agreed upon definition for AGI but I like Metaculus’ definition that they came up with in 2020. https://t.co/iESxAuIOEX

[Abie Katz @AbieKatz]

@isaiah_p_taylor One of my favorite pivot stories from toy robots to drone deliveries for key medicines and beyond

[Abie Katz @AbieKatz]

@jonwu_ There’s also been decades (2000–2010) where the returns were

S&P was ~0.91x / –1% IRR
QQQ was ~0.50x / –6.5% IRR
FAANG didn’t exist

If allocators knew they could get 20% annually from the nasdaq they’d fully allocate to it but the futures unknown, hence diversification

[Abie Katz @AbieKatz]

@shivon I think this is reason number 1 why communism doesn’t work

[Abie Katz @AbieKatz]

@realEstateTrent I agree with the point just not the original numbers being small 😂 ….and all the power to the people with $30 mil portfolios as well…they are just even further outliers. It’s also wild to hear the stories and how much of a good deal you could get on real estate 30 years ago

[Abie Katz @AbieKatz]

@realEstateTrent A 100% owned $30 million real estate portfolio with no debt is pretty large

[Abie Katz @AbieKatz]

@auren The Normal Height Basketball Association…I hope it happens! I’d also love to watch and it’s an idea I’ve thought about for a while

[Abie Katz @AbieKatz]

I hope we find durable and scalable ways to fundamentally improve K-12 outcomes. Alpha School’s results on a small scale have been truly extraordinary and I hope at least some of the lessons and technology cross over more broadly to public schools. Ever since learning about the two sigma study I’ve thought eventually technology will replicate a lot of this in the long run.

[Abie Katz @AbieKatz]

1. Many of the best performing companies in the last few years have had improving margins (semis and memory companies) and the leading AI research labs have improved their margins considerably
2. VCs at scale have incredibly high margins (70-90%+) and distributions to LPs don't count against margins, it's an equity flow

[Abie Katz @AbieKatz]

@andrewparker Ramp, Wiz, Applied Intuition, Databricks, Anthropic, Sierra, Anduril, Quince, Figure, Cognition...the list goes on and on

[Abie Katz @AbieKatz]

@ZoharAtkins We could really use more national treasures!

[Abie Katz @AbieKatz]

@kevingibbon @cytronic_ai super cool!

[Abie Katz @AbieKatz]

The most profitable hobby of all time. @FutureJurvetson also has taken many incredible photos of his rockets https://t.co/jJ9sf19ZZN

[Tim Draper @TimDraper]

My partner Steve Jurvetson spent his nights and weekends launching rockets. Totally obsessed.

So I told him, "Find us the best rocket company."

Three weeks later he came back.

"The best rocket company is Elon's."

My first reaction: "Isn't he supposed to be running Tesla?" We already had a big investment in Tesla, but we heard him out.

In that meeting, you could feel it. His mission in life was to make humanity multi-planetary. Tesla was a means to an end.

So we became the first money in after Elon's own $100 million and an investment from Founders Fund.

Just before we invested, the first few rockets had exploded on the launch pad.. but then a Falcon 1 lifted off and worked. It launched one small satellite for Malaysia, and then it was retired.

Falcon 9 was the true workhorse, which good customers came for later over time.

Eventually there were contracts everywhere, and Elon Musk began his journey to make us multiplanetary.

A mission like "we're going to Mars" attracts the best engineers in the world. People take a new job to solve a problem they'll tell their grandkids about.

When Kennedy said we choose to go to the moon, the technologies that came out of that effort changed everything on Earth.

Same thing is happening now. Starlink exists because Elon Musk is building to get us to Mars.

If the mission is grand enough, innovations that happen along the way will enhance and may even redefine the business.

Thanks to Bonnie Blockchain for having me on!