The Visionary
The future, and what is barely possible, reads round the next corner.
Brad Gerstner earns The Visionary designation because his conviction operates at civilizational scale. The Altimeter founder frames augmented intelligence as larger than the internet and financial inclusion as a democratic imperative, then structures capital to match, rejecting diversification for conviction-weighted concentration behind founders who want to change the world.
“So, you know, as you know, 2022 was a tech recession. It was a challenging year for all of us who are investing in tech. And yet we bounce back in 2023 with one of our best years in the history of the firm. And what we recognized in the fall of 22, in fact we had our investor day for all of our LPs.”
“Right? It's not very convincing. But, you know, jamming ball, one of my partners in the firm, he was a young partner at Redpoint Venture Capital Firm in Silicon Valley. He had 75,000 followers on his substack called Clouded Judgment. This guy's 29, 30 years old, right? How did Bill Gurley break through in Silicon Valley?”
“You get into the public markets, you can innovate plenty in the public markets. Public markets exact a discipline which is good for companies. They keep companies fit. And the reality is your price is your price. It will go up and down depending upon factors in your control and many factors beyond your control.”
“If you're a poor white kid in Indiana, right? Or you're a black kid in Trenton or if you are a Latino kid living in East Palo Alto, this is an opportunity to unite America. We are all on Team America. And so that's the other thing. We're not going to pick and choose, right? And we're not going to pick and choose companies.”
Masters in Business: “Brad Gerstner on Tech Investing”
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