Invest Like the Best with Patrick O'Shaughnessy
01:08:56 · Noah Shinn
[01:08:56] S2: I'm just very lucky to be able to work with some of the most supportive partners around the table who have been through different but similarly shaped technology transformations in the past. And I would focus less on the numbers and more about on the demand in the space, the demand for a product like this or the demand for an experience like this. It's delivering on that AI experience or that product experience that we've all been waiting for. And so it's also capital intensive. Right? We're a new company. Right? We're trying to create something that's going to hopefully be distributed to billions of people on the planet every day and at a very affordable cost. When I say affordable, I mean, compute costs are high, and we're trying to deliver it in a very affordable way to our users. So it's just very capital intensive. There has to be some boot shopping, especially if you think about the business model that we're chasing after because we could very easily just say, hey. It's going to be a certain subscription, everybody on the platform needs to pay a $100 a month. There are shorter term rewards that we can chase after, or we could raise a little bit of capital, take a certain calculated risk towards... If there are small speed bumps that require a little bit of capital to get ahead of, to be able to prove transaction volume or to prove experience across certain industries, that's how you escape these local optimum of the subscription plan or other things like that.
01:10:10 · Patrick O'Shaughnessy, Noah Shinn, S0
[01:10:10] S1: When I do these, I ask the same traditional closing question of everyone. What's the kindest thing that anyone's ever done for you? [01:10:16] S2: I've been able to surround myself and be able to build such great relationships with so many different people, whether it's in the industry or outside the industry and where I work or in my personal life that I'm very grateful to be around. And hopefully, certainly, I can also extend the same level of kindness and thoughtfulness towards them as well. I know I'm not answering your question. It's more on a higher level. It's just the qualities of things that I noticed that I really appreciate. [01:10:39] S1: Noah, you're building a fascinating company, maybe the most fascinating company of today's AI ecosystem in the world. Thanks so much for your time. [01:10:47] S2: Thank you so much. [01:10:48] S0: If you enjoyed this episode, visit colossus.com. You'll find every episode of this podcast complete with hand edited transcripts. You can also subscribe to Colossus, our quarterly print, digital, and private audio publication featuring in-depth profiles of the founders, investors, and companies that we admire most. Learn more at colossus.com slash subscribe.
01:10:48 · S0, S3
[01:10:48] S0: If you enjoyed this episode, visit colossus.com. You'll find every episode of this podcast complete with hand edited transcripts. You can also subscribe to Colossus, our quarterly print, digital, and private audio publication featuring in-depth profiles of the founders, investors, and companies that we admire most. Learn more at colossus.com slash subscribe. [01:11:09] S3: Patrick O'Shaughnessy is the CEO of Positive Sum. All opinions expressed by Patrick and podcast guests are solely their own opinions and do not reflect the opinion of Positive Sum. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Clients of PositiveSum may maintain positions in the securities discussed in this podcast. To learn more, visit psum.vc.
01:11:53 · S0
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