Key ideas from Vinod Khosla

• Keith rejoined Kleiner Perkins two years ago having invested in zero AI companies before, now 70% of his investments are AI
• Vinod sent an apology letter to LPs when investing in OpenAI in 2018 because it was twice their largest initial investment ever
• Rocket Lab was valued at $40 billion after Kleiner bought a third of the company for $5 million when nobody wanted to invest in space
• AI companies are growing at unprecedented rates - some going from zero to $50 million revenue faster than ever thought possible
• The concept of product managers doesn't make sense in rapidly emerging AI fields where capabilities evolve monthly
• Kleiner Perkins has returned entire funds solely on single financial services investments across every fund in their history
• Most experts are experts in a previous version of the world, not the one you're trying to create - fast learning matters most
• We are in a techno-economic battle with China and must do everything to win while disadvantaging them