Ben Horowitz explains why a16z doesn't invest in neoclouds after living through the dotcom bubble "If you get into a pathological debt situation, that can wreck anybody. It's why, by the way, we're not invested in any of these neoclouds, for that reason. That whole thing scares me, having been through it." "It can end up being a very dangerous arbitrage business where you can get upside down easily." "You look at Loud Cloud just as an example, here's a simple thing that happened to us in 1999. Bandwidth was $1,500 a megabit. And you couldn't get it, it was very hard to get. And so you had to get a long-term contract, three years." "By 2001 it was $50 a megabit. So if you were holding bandwidth, you were just dead." "So that kind of thing is so out of the control of the entrepreneur. And so different than what we'd like to fund. That, you know, it just scared me to death."

Warsh to Georgieva: “You pronounce ​it AI. In the US we now pronounce it SI.”

The famous investor Marc Andreessen has said the Biden administration pushed him to the political right, but sources say his grievances don't always match reality. bloomberg.com/news/features/…