Ep10. Pre-IPO Market, AI Hype Cycle, Is Software Dead? | BG2 with Bill Gurley & Brad Gerstner

BG2Pod with Brad Gerstner and Bill Gurley

This podcast episode explores the impact of excess capital on company behavior, the changing dynamics of the pre-IPO market, and the question of whether software as we know it is dead. The speakers discuss the negative effects of excessive funding, the importance of scarcity in fostering innovation, and the need to examine the reality versus perception of emerging trends like AI. The discussion also highlights the lasting changes in the late stage market of venture capital, the increasing importance of private markets, and the implications of excess capital and staying private longer on entrepreneurship. The episode concludes by emphasizing the need to differentiate between the hype and reality of AI and the unpredictability of technological advancements. The section also touches on the impact of AI on the software industry, challenges facing software multiples, and the potential disruption caused by AI automation. Ultimately, the episode emphasizes the need to adapt and invest in capabilities to stay competitive in the evolving landscape.

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