Durability is crucial because most profits in technology companies are realized 10 to 20 years later, emphasizing the importance of long-term vision and endurance.

There's a nuanced difference between valuing technology companies and speculative assets, as the latter often lacks the same foundational value and utility.

The long-term value of companies will ultimately depend on their ability to solve real customer problems and generate sustainable revenue, as seen with major tech firms like Google and Meta.

Investors often chase opportunities in startups, hoping to profit from future growth, which can lead to inflated valuations that may not be sustainable.

The acceleration of technology, particularly AI, is nonlinear, and as a result, we need to rethink our beliefs about business valuations and growth. Companies can grow rapidly, and we must adapt our thinking to this new reality.

Over the past 15 years, tech has shifted from being a fringe industry to a dominant force, with many companies now valued at over a trillion dollars.

Trust in exponential growth and momentum, as startups that are growing tend to continue growing if they maintain that momentum.

When evaluating new technologies, it's important to consider their long-term viability rather than just their initial hype.

For Silicon Valley investors, growth is the primary metric for determining whether to invest, more so than team or past experience.