Mike Volpi

“Hanabi is a small fund and we manage $175 million... almost every investment that I've made as part of Hanabi, I will do weekly, bi-weekly, or at least monthly check-ins with founders.”

“I could invest in a company at $10 billion in valuation and three years later, it could be worth $380 billion.”

“They create their own data through their own labs and they do training and reinforcement based off of that.”

“Their own factory will be their data collection instrument and they will have a proprietary funnel, which will be materially differentiated than other people.”

“Every single time a new contract will come up, it's a dogfight. It's Scale. It's Surge. It's Merkur. It's Handshake. It's Turing.”

“In inference, it's a godsend. It's super fast and it's made certain compromises that make it very, very good for that.”

“If you look at Etched or Talus, these are companies that are fundamentally baking in some parts of the neural network weights into the chip itself, which will make it even faster than Cerebras.”

“Companies like Anduril and to a degree Palantir being successful at breaking into the market of selling into the U.S. defense infrastructure will be an inspiration for both sides.”

“I think there's a big difference between, I don't know, Figma and Workday. I think the chances that Dylan's going to figure something out are much higher, a lot higher.”

“I think Josh and his team over there are probably the prototypical built a brand on the down low.”

“You look at Peter Fenton, the biggest thing he's operated was a lemonade stand. But he is one of the greatest VCs of all time.”

“One of the very smart things that OpenAI did is they bought a lot, a lot, a lot of compute ahead of time. As a result, I think Google aside, they probably have the lowest cost of compute of any player in the market right now.”

“I had a conversation with Trey Stevens. And he was like, 'I don't think you get the mix here. Weapons are a system that deters violence.'”

“Participants: Jack Altman, Mike Volpi”