etn.
01:16:48 · Fabian
[01:16:48] S6: Yeah. For sure. I mean, like, we we ourselves are building companies. So like the... Our primary interest also was to get the most exciting talent in there to potentially cofound with or to hire. So we really had aligned incentives to just build the best community possible. And like now we stopped doing that. Like, it's not a thing anymore. Like, that... That's been like sort of our effort for the last couple of months. And now what we're what we're setting our minds to is just building our companies and scaling them. So... But... Yeah. For for sure, it's really important to get a mixture of different talent and different backgrounds. I I think this is also drawing back to the to the point on CDTM. I think that's also what makes CDTM so great. So that you have 25 people from all sorts of courses from these two universities. Yeah. And all of them have amazing grades and have always like overachieved in some capacity. But then you throw them into this pressure cooker program where you just form bonds. And by living together in a house with like 15 people in like, I don't know, seven or eight bedrooms, like you always share, like there's there's a lot of pressure. Correct? Like... And this this leads to forming bonds and having having like deep human relationships. Right? It's not like I think you can turn any... Like, of course, early startup ideation can be turned into a program, into to some capacity that feels like you can consume it. But in the end, it's like you too, right? Like you turn into some something like a proper love relationship, right? Like you need to you need to be constructive together. You're really really close all the time. And that's like much more of a human experience. So being able to live together, to have that chat experience over over several months that really helped to to form these bonds amongst like all sorts of people with different backgrounds.
01:18:29 · Kosta, Sam, Fabian
[01:18:29] S0: Yeah. Think we're quite happy. Even dressed the same. [01:18:31] S1: Yeah. Yeah. I think we're quite happy that we don't live together cause we literally... [01:18:34] S0: I would kill this guy. I'm sure I'd piss him off as well. [01:18:38] S1: Let's let's talk about Munich and Germany and the ecosystem there and and the difference between there and Palo Alto. What what what are the main differences that you're seeing? Because you're literally at the coalface of that kind of like, you know, comparison, I guess. [01:18:52] S6: Yeah. Yeah. I mean, like, the... I think the... I I don't wanna, like, politicize the the [01:18:58] S1: And I like
01:18:58 · Sam, Fabian, Kosta
[01:18:58] S1: And I like [01:18:59] S6: US and so on. Yeah. I think there's a lot of tension going around it. But I think, like, one core difference was definitely that in Munich nobody was willing to just give us money without strings attached. Right? Like the the European investors that we talked to early on always wanted to have some clause to have preliminary access rights and things like that. I think which also makes sense in an economy where there's just like much less money flowing around. Yeah. And at the same time, the optimism that you have in SF, I think now with the Anthropic IPO, there's like over 5,000 people that are getting 65,000,000 on average. Like, the the amount of people that can cash out and I think like seeing that on a daily basis, of course, leads to people being more optimistic. So I I guess there's a little bit of a different spirit. In in Europe, I think there's... And in Munich, there's an outstanding talent base. There's so many smart people. A lot of them are working towards European sovereignty now and like all sorts of spaces. I think that's an amazing amazing place to be at. So I miss Munich a lot now now being in Palo Alto. I guess there's a lot of pros and cons, but both places are amazing. [01:20:05] S0: Maybe last one before we wrap up. What is the one thing that you're getting excited about for the future? What's something that you're, yeah, you're buzzing to start?
01:20:05 · Kosta, Fabian, Sam
[01:20:05] S0: Maybe last one before we wrap up. What is the one thing that you're getting excited about for the future? What's something that you're, yeah, you're buzzing to start? [01:20:13] S6: I think that the the economic opportunities of AI diffusion are significantly bigger than people comprehend. Like Anthropic poses this $40,000,000,000,000 target addressable market on their on their pitch decks. But actually, that's just the salaries of people that are working nine to five in really shitty inefficient processes. And if you could automate all of those processes, all of these people would have so many ideas on what else to do and how they could improve their overall company's output. So I think the the target addressable market is much bigger for intelligent AI systems. And I mean, like, currently the global software market is like 800,000,000,000 or so. Mhmm. The the knowledge worker market is like $40,000,000,000,000. So if you have an automation rate of 10% now, it's already like five fold market expansion. But as I said, the market is much bigger than these 40,000,000,000,000. So I think people don't comprehend the opportunity that lies in that. [01:21:07] S1: I love [01:21:07] S0: it. Is. Dude, thank [01:21:08] S1: you so much. [01:21:08] S0: Yeah. Thank you. We appreciate it. Hey. Thank you so much. Legend. See you soon. We'll see you later. Yeah. Dude. Ralph, appreciate it. Everyone, [01:21:16] S1: thank you very much for joining us.
01:21:16 · Sam, Kosta
[01:21:16] S1: thank you very much for joining us. [01:21:18] S0: That is the a 16 c etn special. Look at our barber jackets. I know you're all jealous. Where's my... I know you're all jealous.