YouSaid · the spoken record

Jerry Murdock

lines on the record: 67
first: 2026-02-28
most recent: 2026-02-28
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“Yeah, I mean, what I've heard is if you can live another five years, you're going to extend another five years. So if you're, whatever state of health you're in today, if you mack it five years, you're going to at least get five years in the back end.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“There was a movie in the 1950s called The Long Hot Summer, and the character Big Daddy was dying of cancer. And at the end of the movie, things were working out with the family. And he says, I feel like I'm going to live forever. And I think about autonomous agents and AI and maybe it's going to help me live forever. That's what I think.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“I would say your kids are always, always watching you. So use that as an opportunity to be your best self, put your heart first and be your best self every moment of the day that you can with those kids.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“Know it was the fact that we survived 9 11. I mean, if you want to know, Insight had incredible funds, you know, funds won these incredible successes, fund one and two are still some of our best funds ever. And then fund three or 99 fund was like all challenged and it did pretty well. All things considered. But the fact that we survived that collapse a lot of VC firms were zombies walking dead, partners splitting up, people going different directions. We hung in there. We hung in there and survived. That's the breakthrough moment.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“I would have been divorced in a pretty sad character probably. Look, I mean, when Jeff and I went out to raise money and we were getting sand kicked in our face, he was 30. I was 35 or 36. We both had acne. I mean, why do you want to give us money? Me, that guy with kids, I can't imagine him, you know. I imagine he's a disaster.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, you know, it's like if you've had a fantastic life, you look back and you say, it's already great. Why would I change it? You know, number one, number two, that guy when I was younger, he wasn't ready for kids. All he was doing was building a business. He was building insight.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“Everything else you buy, you get, you know, you got Orient comes with instructions. You get an iPhone, it comes with instructions. Money doesn't come with instructions, so you need to learn to respect it. It's energy. Money is the equivalent of energy, and you need to respect it. You know, you don't just leave the lights on at home and the air conditioner on your home all day long where you're gone. You respect energy. You treat it with respect. And you use it for good. And you use it to make things happen. And you don't waste it foolishly being an idiot. You don't want to go to Las Vegas and hand out $100 bills to just random people. Take that energy and do something great. I mean, I know, as Larry Page has said, if he had extra money, he'd just give it to Elon to let him build things to change the world. I think that if you've got money and you've got energy, you can give it to entrepreneurs. They'll do amazing things.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“They can, and they are long-term better assets. They've got, if I have an autonomous agent business and I've got Gmail, you're going to have a phenomenal asset that OpenAI doesn't have. But the issue is who's got 800 million people getting to a billion first. I mean, look, you can say there's a billion users on their other properties like YouTube and things. But if you can convert OpenAI's chatbot to my own Jerry Murdoch Autonomous agent from chat GPT, which is I think what Peter Steinbringer is going to do, you're going to have an insanely great business.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“I take them both. I take them both, but I think for me, it's open AI because I got 800 million people using it. But you got 800 million people doing it. When you cross a billion, then you're there. Like, I'm not that big a Bitcoin fan. I'm big in a couple of crypto things. But until you get to a billion users, I'm suspicious of any consumer technology.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“Oh, wow. I had the founders of TrueCaller in Sweden come to Aspen. I said, I'm not going to invest in them, but they took their last dollars to get a plane ticket to Aspen. And they came to me. And this was written about in the information by Amira Frati, the story about it. But basically, these guys were nice guys and I couldn't let them down. I didn't want to, I told them, I don't want to invest, but I'll help you. And I ended up helping him and giving him some money and making it a successful company. And it went public a few years ago and it was a great company for a number of years. But that's when I did not want to go into. And I didn't want to go to Sweden. But I like the guys so much and they came out to ask me and I said, okay, I got to do it.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“Oh, that's easy. The partners at Insight, I mean, what we've really built is one of the great sourcing engines of the world. I mean, Mike Triplet, Jeff Lieberman, Devin, these guys all just were focused on sourcing and managing their teams. And to get through the gauntlet of insight due diligence and get to something that could be funded was a pretty big accomplishment. I think that those guys were the absolute best sources in the world.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“I was lucky because I was losing money every year I've been in this business. I failed. I was always, you know, balanced in that I knew I was going to fail. I knew it was going to be miserable, but I knew I was going to win some, you know. And we were fortunate to do what we did. We were very, very fortunate. But failure to me was always part of my job. And I had to just suck it up. And so there was nothing that came down the pipe that caused me to lose confidence because I'd been taking and dealing with it from day one.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“I got Jeff Horn and Devin Pareck to jump in with me on this. And I pushed really, really hard. We did that investment less than 30 days from the time I met the team and the time we closed. And it turned out to be a watershed investment for the company and got us into lots of things like consumer and things we weren't doing at the time. That was just because the quality of that idea was insanely great.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“What I saw, and this is really interesting, like our early investments, the idea of Twitter, which I call the status update for the world, was so brilliant, so over the top, it was far better than anybody on the team's ability to execute against it. So I think Twitter could have been infinitely a more interesting company, but VCs got involved and created politics and they fired Jack Dorsey early and they created issues and the company was pretty messed up from that trauma of firing one of the founders. And at the same time, they were very excited and the community was growing, the community was helping it. And for me, I saw an incredible idea that wasn't easily replicated. And there was enough momentum to it that this was for me a no-brainer. And it was a bet that I put my entire reputation on the line.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“The only way I played the game. And I mean, I went big on my things, you know, when I invested in Twitter in 2009. There was 30-something people, no revenue. My fund for like, are you kidding me? It was a watershed moment that my partners allowed me to make that investment.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“Here's the secret here's the real secret. I never left the game. I retired from inside. I retired from negotiating term sheets. I retired from board seats. I retired from internal investment committee meetings. I retired from having dinners with LPs and answering LP phone calls. But I didn't retire. I haven't done a single investment on my own that someone didn't bring me that I love and I trust. Every investment that I've done, which is over 100, has come from someone close to me and said, Jerry, I need your help to help me think about this thing. And through that process of trying to help someone else, I end up in it. And that's been fun because it's an experience that you're not doing on your own. Your experience you're doing with people you care about.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“Absolutely the best time. You're in a sea change. Humans are no longer going to be the decision makers about software. It's going to be autonomous agents. This sea change, this tsunami, is so different than anything that's come in the past that people that embrace this new model can embrace it from scratch right now can have a huge advantage over people that have been successful with older models that don't quite move fast enough because they've already rich they've already made a lot of money hard to get old dogs to move fast”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“One correlations you can look across all VC funds and look at their vintage, whether it's a 99 vintage or 2004, 2005 vintage. And the one correlation you can make to success was timing. If you did a fund in 2005, 2006, you were in great shape to take advantage of the mobile thing that started happening in 2008.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“That's a function of the team. That's a function of who's involved and that a function of experience. Overall, if I were to invest in a company, I would be very suspicious of remote management because human beings today need it. As we move to autonomous agents and human beings, that's a good question, you know. That's a very good question. I don't know how the feature is going to play out, but in the past remotely managed situation. I know for me, because I didn't live in New York as a co-founder, it was really hard on my team for me to fly in, fly out, fly in, fly out. And because you have to make decisions remotely, you have to sit with an entrepreneur. You're in San Francisco and you have to commit now. And you've got a whole team in New York. You know, it's really tough being that remote guy. You know, if you're all local and you're all sit in the same office, you got to make a decision tomorrow.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“Oh, that we hadn't done. In the early days of insight, the big mistake we hired some famous guy to start insight Europe. And after six months, we shut it down. It was a mistake and a half. We were not mature enough to do that. And Europe was something we loved Europe early on. Fond Juan had an investment called SLP in Paris. Fund two had a company called Metacuatro in Spain. It went public. That was a big win. We did deals in Portugal. We did deals in the Czech Republic in the 90s. So we thought, oh, let's do a fund big mistake. Too much difference, too much. We needed to stay in New York together. We needed to focus. We needed to learn from each other. Having people in Europe was too challenging. That was a mistake that we made.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“I did a different kind of at 19, I got accepted to the United States International University in Nairobi, Kenya. So 1977, I get on a plane, go to Europe, around for a couple of months, and then I go spend six months in Africa. I was spent weekends documenting traditional dances with the director of Beaumas. I was out in the hinderland. And Kenya is the size of Texas with 13 major tribes with 76 individual clans and dialects. And we wanted to document it all. And going out and living with these people in the weekends was going over the edge. I mean, I ate things I'd never believed I'd eat again. I mean, I'd lived in little huts with goats. You know, it was not a pretty sight.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“Fucking child. So knowing the edge, Harry, that's what it's all about. We've got to all go over the edge and hope to live to tell about it. That's what gives you the sense of knowing that gives you joy in life and gives you a sense of ease and comfort as you move through it.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“Absolutely. You've got to go. Hunter Thompson was a writer that lived near the Aspen area who I used to love Hunter Thompson's works. He said, you really don't know the edge unless you go over it. And clearly you did. Oh, dude. I've been over.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, yeah. I mean, look, you choose your life, you choose your path. You shouldn't regret it if you're getting what you want and you're growing as a person. The most important thing looking back is what have you learned about yourself? When I would talk to our younger partners, like you had Jeff Lieberman on your show and some of our other partners, I'd say, hey guys, you know, it doesn't help to get super rich early like you have unless internally you have the sense of self and you're comfortable with the decisions you make because that's the key thing. You know, you can become super successful early, but you've got to internalize that success, recognize with the failures are if I have any wisdom at all, it's because I fucked up so much and I've learned from it.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“But Jeff and I just lived on airplanes for the first 10 years. Back in the day, that was pretty revolutionary. Remember? Silicon Valley was all about people walking down the street. There was VCs that said, I don't invest in anything more than five miles from my office.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“You know, there's a great British actor I had lunch with once named Kenneth Bronhaw, and he was reflecting on exactly that question. He said, he's made to Hollywood movies, but he's done a lot in theater, a lot with Shakespeare. And he said, you know, I could have been more like Olivier that went to Hollywood and did Hollywood films late in life. But I didn't. I chose a different path. And for Brana, I think he was very happy he didn't move to Hollywood. He could have had that career. And he's 65, 66. Now looking back and he's saying, yeah, I could have been that. But you know what? I'm really happy I didn't do that. So maybe you're like Kenneth Brana. You're going to be happy you didn't do to Hollywood. I didn't. We started in New York. I've never left Aspen. I lived in New York part time. I never moved away from Aspen. Jeff and I found insight in New York City and I cover the West Coast because it was a lot quicker for me.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“Yes, if you don't change, you die. Changing is what allows you to adapt to the world. I mean, the most interesting thing if NAI, if you look at future stuff, is Fei Fei Lee's new startup about this visual representation of a world. I mean, what she's clearly articulated is that, you know, language is a very subpar descriptor of the world. It's just limited. So for autonomous agents,”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“When I found it entrepreneur that I liked, it was smart, but maybe too comfortable. Maybe I'm a person I liked as a human being more and they weren't crazy enough. They weren't really driven enough. They didn't have that chip on their shoulder. They didn't have that obsession. You know, because, you know, you want to work with people you like. And so most of the people that I liked were the ones that let me down and let themselves down. It's the people that you struggle with that are a little sharp edge, that are a little aggressive, and that you may not like as people that are like, wow, okay, well, but they might be the ones that succeed. And you have to find that core of humanity in them that you can like them and help them. But most of the most successful people are going to be challenged socially.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“Good question. The first thing is, how do you know it's really intuition and not wishful thinking? So that's the first thing I've learned over time that intuition was almost never wrong. But what I was wrong was me thinking it was intuition. It was nothing but wishful thinking.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“People, we need good intuition to make good decisions. And without that component, you're not going to succeed. So in my humble opinion, maybe I've got better intuition. And that's the reason I've been more successful.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, if we use money as a proxy for success, it's funny, you know, with some of our mediocre companies, we thought about swapping out the CEO. And it's like, well, the problem is it's a mediocre company and anybody we would put in would have to already be worth a couple hundred million bucks. So why would they do it? And so you've forced to sort of limp along with the existing team because you're just not going to recruit someone better. There wouldn't be successful. There's no validation unless they've made a lot of money. So number one, it's a proxy for success and success is the combination of experience and validation of when and how to make decisions. For me, there's two components to every decision. There's the logic and the second is the intuition. And you need the intuition. And so the one thing that the autonomous agents aren't going to have is intuition. Not anytime soon. And so we need...”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“Going to do it. I mean, VC firms should have their own autonomous agents. Everybody should. I mean, can you imagine the medical analytical work? Certainly the PE firms are all going to have autonomizations analyzing markets, analyzing where the opportunity is. So if I was starting from scratch, the one thing I could imagine is having incredible data like a vet on a new opportunity for the white space for where these new AI companies are going to go and say, wow, the data says this guy's on the right market. He just needs to execute. And then he evaluate not just the person, but the quality of how they use autonomous agents. That's going to be the deciding factor for venture capitalists and startups. We're going to be on the same level playing field. How well do we use autonomous agents in our job?”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“The problem is, you get an old man here who's going to want to have it up in the mountains in Aspen or in the Alps. That's my new thing. I'm not like Elon or Jensen that are going to do this for the rest of their life. I'm just doing this for impact. I can't even imagine going out there and doing it for the same reasons I did it years ago. It's like Bob Dylan got interviewed and they asked him, well, what was it like for you back in 1964 at Newport? He says, I don't even know who that guy was. You know, and I feel the same way. I don't even know what that guy was like back in 1995. It's moved on. I was always into this business for the creative impact and to play a very small role on a team that was doing something meaningful. So I want to do that. That's going to be important, but it's just a matter of having the right amount of wisdom about how the change is going to impact people and how you're.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, let's go back to 9-11. There was several of these traditional, now they're called, you know, something more sophisticated private equity, but they were kind of buyout shops. Teddy Forstman, who I knew, ran a great one, except in 2000, he went all in on telcos, virtual telcos. Then it was over for him after 9-11 done. No more forceful and little. And so there'll be stories like that. I don't know about Bravo or anybody else, but they'll definitely be PE firms that end up like Forceman Little. And then there'll be other ones that had the right bets and did the right creativity. And they'll be bigger and better and more important than they were before. Life is basically a set of experiences you have and the total sum of the decisions you make. Any of these firms is about the decisions you make. And now we're at a point in time when you need to review.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, absolutely. I mean, it's all about how smart is your agent? How smart are you to deploy the agents and how old are you willing to listen? I think the thing that's shocking is that autonomous agents work, that OpenCall worked. And that's why so many developers are so passionate about OpenCall because it's something that's working on its own without having to be reviewed. It's an employee. You've gone from an assistant to actual employee. Think about that. That's major, major difference in life. And I think those kinds of changes are going to be really important to notice.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“You know, look, people never really talk about it, but it's all about culture. What's your culture? If you're looking to have a culture of A players, and Steve Jobs talked about this at Apple, you want, how do you just continue to grow with A players?”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“Think healthcare may hit that before the labor market hits it because it's going to happen. We'll find out this fall what's the impact of health care on the election and if it's a big impact then you can assume that labor will be a major impact on the you know on any administration”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“There's already innovative businesses in Wyoming where they're taking veterans and giving them branches to lease because now with technology, one or two people can run a massive ranch instead of eight people. And so there's new things like that happening everywhere.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“It means that, you know what, you're going to go and get effectively a certain amount of money guaranteed to you every month so that if you're a white collar person, they'll change the unemployment program because no administration is going to want to sit there and say, yeah, I've presided over 10, 15 percent of the country unemployed. What they'll do is have an option to put them into a program. And we retrain people to do something different, maybe to have a better quality of life. If you tape the optimistic view, those jobs that are going to be going away are not going to be jobs that get you a vacation in Brazil anytime soon. They're the jobs that you're suffering at every day, making a living and you're struggling as to whether you can pay your health care or not. And so maybe those people say, I'm going to move out of the city, move out of the suburb, and maybe I'm going to move back to the country and grow food. You know, I'm going to get this grant to do so.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“The autonomous agents grow in three sectors, consumer, small business, and enterprise. My guess is enterprise is last this whole AI revolution, there have been last. They may catch up in a year or two. We'll see. That's going to be what I think Chat TPT and Google and Anthropic are absolutely going to be focused on is getting their own version of the autonomous agents adopted by enterprises rapidly. When this happens, we're going to see dramatic change. And I think politically the minimal viable income may become a reality or at least a ballot question in two and a half years.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“The next marketing person. So the first thing you see is people stopping or slowing down hiring of white-collar employees that input data and use a computer. That's the first thing. Second thing, depending on the speed at which these autonomous agents evolve, because there's a lot that they need to do. They've proven it exists, that they can write code, and they can do anything you want from a scheduling perspective for your life. So they already can replace a human being. They will. I think that the job market's very uneven. I think the first companies that are going to go with this are going to be small, medium businesses, because they're the ones that, wow, one secretary makes a huge difference in their, you know, two, three, four-person company. You don't need humans doing it. You've got the autonomous agent doing it. So I think we have to look at what's the speed at which”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“You know, I'm glad you brought that up. We're about two and a half years from the next presidential election. I'm here to say that that is going to be a major issue on the next presidential election. It could decide the election. It'll be one of the most important things because there's no easy answer. There's no question that anyone that inputs data into a computer that does scheduling, that an executive assistant or people doing marketing, those jobs are ultimately going to be better done by autonomous agents, white-collar jobs. People have been saying that for years. I mean, this is nothing new. The question is, when was it going to happen? And now with the advent of OpenClaw and NanoClaw and all the other autonomous agents that are coming, they're the direct threats, first of all, not to the people with the job, first of all, to the next person in line, the next junior developer you want to hire, the next executive assistant.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, first of all, autonomous agents, and it may take a year or longer for most enterprises to actually enable and get committed to autonomous agents, but they're going to write software faster, cheaper than any human being on the planet. They already are. And so, again, it's this thing of like, if you're making your software for autonomous agents and they have a reason to use it and it's valuable, great. You're going to do fine. But if you're not making your software for autonomous agents, you're going to be challenged in the future. Maybe it's six months, maybe a year, maybe 18 months, but you're going to be severely challenged if you still think human beings are going to buy your software.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“Look, I was just at the Olympics and there's a lot of people trying to win a gold medal and not many people do. And so, you know, you can try all you want, but you better be world class at what you're trying to do if you're going to get the medal.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“First of all, it's never happened before. So it's happening now. My guess is the way pricing models will work better. And it's been in process for a few years. One of my companies, Docker, has been moving dramatically toward this as they move into AI, which is a consumption-based model. So if the agent has the access and has the authorization to use something, say a sandbox, you're just going to pay based on consumption. The sandbox is nothing more than you're buying memory or buying compute. And so you just open it up. It's free. Start using it. And then you ultimately have to pay. And the agent will come and tell you, hey, we've reached our limit with the sandbox company here. What do we need to do? And that's how it's going to work.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, think about this right now all software is eventually purchased by human beings. Software is going to be purchased or used by agents. And what's going to happen is an autonomous agent becomes an employee. You give it credentials. You give it identity. And then it's up to the agent to make the decision. You will review them like an employee and say, hey, what did you buy? What did you spend? What did you accomplish? And you will manage that autonomization just like an employee. You need to prepare for that. If whatever you got invested in is that future going to be done and controlled by agents and am I in the right position for that or not?”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“Of record or their software declines because they haven't really moved fast enough. What we have with the tsunami happening is a wake-up call to move to higher ground. Don't get caught on the beach when the damn thing hits the beach. Move to higher ground. And that kind of adapting of your business, some people will do it, some people won't.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“It depends on what the time frame is. If you look at most software companies that are out there, normally when a new technology comes, it's sort of expands the market before it contracts because people are already in their momentum. They're doing what they're doing. I wouldn't expect to see normal software companies to see software just fall off the radar. That's not going to happen. I think what happens is that people get fearful and prices change and then the underlying quality of the business changes based on how well the management team adapts to the situation. You can imagine some companies that have system of records that have great context but actually increase value if they're able to put that context to work with agents, with autonomous agents. And then you have other people that, oh, they don't really adjust fast enough. They don't really understand what the new market's like and then their system.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“There's a lot of companies that sit on top of it, like in Sino, there's dozens and dozens of companies that have built on top of the Salesforce system a record. So the real question is, let's look at their health. Let's see how they do. You know, if those guys start getting knocked off one by one and enough of them get knocked off that the underlying value of Salesforce becomes less, then you're going to say Salesforce is going to be worth less. But in the history of companies, Salesforce is like a Mount Everest, right? It's an 8,000 meter peak sitting there. It's not going to melt overnight. That thing is going to be around for a long time. The question is how valuable is it? And the way to look at it, that question, the way to analyze it is how valuable are all those companies that build themselves on top of it. If those guys start going down, well, then you're going to see some issues.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, it depends. I'm an investor in Carta and have been for a long, long time, and that's a system of record of sorts for stocks, and it has a lot of potential. And I believe they're doing the right thing on all fronts. But if tokenization of stocks come and they use CARTA, then CARTA is going to be infinitely more valuable, right? Because they have the cap table, they can help manage the tokenization. However, if tokenization comes and they bypass CARTA and a new system of records get built, then there's not much to say that that system of records is going to be worth much in the future. So it depends on execution of the carter management team and their ability to go capture the trends that are coming forward.”
2026-02-28 · The Twenty Minute VC · 20VC: Why Cursor is Dead | An AI Tsunami is Coming & You Need to Prepare | Systems of Record Become Valueless Databases with Agents | Is This The End of Tech Private Equity with Jerry Murdock, Co-Founder of Insight Partners · IDENTIFIED FROM THE TRANSCRIPT · source