Key ideas from David Solomon

• Goldman Sachs was the largest wholesale funder globally 10 years ago - 'There are a lot of things you want to be the largest in the world. Wholesale funder, not one of them' - David Solomon
• The four largest companies contributed 1% to GDP growth last year with $400 billion in capital spending, driving an unprecedented investment supercycle
• The Mythical Man-Month principle that 'nine women cannot have a baby in one month' no longer applies in AI - you can now throw money at problems and solve them
• Companies are scaling from zero to over $1 billion in revenue in less than a year, something never seen before in technology
• Goldman Sachs spent $6 billion on technology last year but would have preferred $8 billion - efficiency gains from AI could unlock that additional investment
• For the last four years in M&A, 'whatever the question was, the answer was no. Now whatever the question is, the answer is maybe' - David Solomon
• AI leads aren't sustainable like traditional software leads - 'if you have proprietary data and enough GPUs, you can solve almost any problem' - Ben Horowitz
• The best time to raise money is when nobody has money - A16Z raised their first fund during the 2009 financial crisis when others criticized the timing