Mark Cuban on the AI Bubble: Who Actually Gets Wiped Out?
Episode publishedPodcast: All-In with Chamath, Jason, Sa...All-In with Chamath, Jason, Sacks & Friedberg
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You and I lived through a couple of bubbles. Seen this movie before. And and this wave seems very different than
verygood.
.Com wave. So let's talk about that. Are you concerned about a bubble? We're seeing bubbly like behavior people
It's not it's not the traditional .com bubble. Right? Because back then, there were companies going public, getting crazy valuations, and people are buying them, and the stock would go up, you know, 50%, a 100% with companies that had no revenue, no traffic, no nothing, and you'd go get a cab back then, and people would be talking about Yeah. And you don't you don't see that at all today. So it's not a bubble that's going to impact most people in the room, right, or most people across The US, but it could just destroy a lot of VCs and a lot of funds and a lot of PE. Right? Because they're goin
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used to be the product managers for brokerages had to outperform their numbers, right, for, you know, the SPX or whatever, but now you got to outperform to keep the money coming in. Yeah. You got to outperform the the fun next door. And they're all ananthropic and getting their outcomes at SpaceX and celebrating, but if shit hits the fan
Yeah. It really is like, I've only done venture for just over ten years, and it is wild to watch so many people who deployed at the wrong time just out of business. They just invested at the peak, and entry price matters. And you and I have been in a bunch of deals together, and we used to get to investing companies at 5,000,000, 10,000,000 Yep. As angel investors, and then all of a sudden, the request was forty, fifty, 60, and the product's not launched, and you're
like, how does this work? Yeah. And, you know, and what's happening now is the market leaders, Google, etcetera, Meta, they're borrowing hundreds of millions billions of dollars.
Yeah. That's interesting.
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