David Friedberg's Capital Deployment Theory

Extracted Attributes

• Stance

  Optimistic

• Proponent

  David Friedberg

• Core Premise

  Significant productivity advancements from AI and related technologies

• Contrasted With

  AI Doomerism, Job Displacement

• Expected Outcome

  Unprecedented investment and economic growth

• Key Technologies

  Artificial Intelligence (AI), Self-driving cars

Timeline

• David Friedberg introduced and discussed his Capital Deployment Theory on the All-In Podcast, contrasting it with AI Doomerism and job displacement concerns, and linking it to broader discussions on U.S. fiscal policy and industrial strategy. (Source: Document 1ef0ac59-8251-4bbc-9949-00578445630a)

  N/A

Israel

Israel, officially the State of Israel, is a country in West Asia. It shares borders with Lebanon to the north, Syria to the north-east, Jordan to the east, Egypt to the south-west and the Mediterranean Sea to the west. It occupies the Palestinian territories of the West Bank in the east and the Gaza Strip in the south-west, as well as the Syrian Golan Heights in the north-east. Israel also has a small coastline on the Red Sea at its southernmost point, and part of the Dead Sea lies along its eastern border. Its proclaimed capital is Jerusalem, while Tel Aviv is its largest urban area and economic centre. Israel is located in a region known as the Land of Israel, synonymous with Canaan, the Holy Land, the Palestine region, and Judea. In antiquity it was home to the Canaanite civilisation, followed by the kingdoms of Israel and Judah. Situated at a continental crossroad, the region experienced demographic changes under the rule of empires from the Romans to the Ottomans. European antisemitism in the late 19th century galvanised Zionism, which sought to establish a homeland for the Jewish people in Palestine and gained British support with the Balfour Declaration. After World War I, Britain occupied the region and established Mandatory Palestine in 1920. Increased Jewish immigration in the lead-up to the Holocaust and British foreign policy in the Middle East led to intercommunal conflict between Jews and Arabs, which escalated into a civil war in 1947 after the United Nations (UN) proposed partitioning the land between them. After the end of the British Mandate for Palestine, Israel declared independence on 14 May 1948. Neighbouring Arab states invaded the area the next day, beginning the First Arab–Israeli War. An armistice in 1949 left Israel in control of more territory than the UN partition plan had called for; and no new independent Arab state was created as the rest of the former Mandate territory was held by Egypt and Jordan, respectively the Gaza Strip and the West Bank. The majority of Palestinian Arabs were either expelled or fled in what is known as the Nakba, with those remaining becoming the new state's main minority. Over the following decades, Israel's population increased greatly as the country received an influx of Jews who emigrated, fled or were expelled from the Arab world. Following the 1967 Six-Day War, Israel occupied the West Bank, Gaza Strip, Egyptian Sinai Peninsula and Syrian Golan Heights. After the 1973 Yom Kippur War, Israel signed peace treaties with Egypt—returning the Sinai in 1982—and Jordan. In 1993, Israel signed the Oslo Accords, which established mutual recognition and limited Palestinian self-governance in parts of the West Bank and Gaza. In the 2020s it normalised relations with several more Arab countries via the Abraham Accords. However, efforts to resolve the Israeli–Palestinian conflict after the interim Oslo Accords have not succeeded, and the country has engaged in several wars and clashes with Palestinian militant groups. Israel established and continues to expand settlements across the illegally occupied territories, contrary to international law, and has effectively annexed East Jerusalem and the Golan Heights in moves largely unrecognised internationally. Israel's practices in its occupation of the Palestinian territories have drawn sustained international criticism—along with accusations that it has committed war crimes, crimes against humanity, and genocide against the Palestinian people—from human-rights organisations and UN officials. The country's Basic Laws establish a parliament elected by proportional representation, the Knesset, which determines the makeup of the government headed by the prime minister and elects the figurehead president. Israel has one of the largest economies in the Middle East, one of the highest standards of living in Asia, the world's 26th-largest economy by nominal GDP and 16th by nominal GDP per capita. One of the most technologically advanced and developed countries in the world, it spends proportionally more on research and development than any other country in the world and is widely believed to possess nuclear weapons. Its culture comprises Jewish and Jewish diaspora elements alongside Arab influences.

Web Search Results

• Dave Friedberg on how to assess potential investments

  forward-looking statements include, but are not limited to, estimates with respect to financial condition, results of operations, and success or lack of success of the depicted investment strategy. All are subject to various factors, including, but not limited to general and local economic conditions, changing levels of competition within certain industries and markets, changes in interest rates, changes in legislation or regulation, and other economic, competitive, governmental, regulatory and [...] If you invest with the market, meaning everyone is saying something is absolutely going to happen this way. You're going to get market-matching returns. If you invest where the market isn't, either you're before the market, or you disagree with the market. So the market says something is 100% likely to happen, and you think there's a non-zero chance that doesn't happen. And if I'm right, I'm going to get paid off. That's the sort of investments we should be making if we want to get [...] provided by the Firm. This website is presented for financial institutions and investment professionals only and is not intended for individual consumers or retail investors, unless specifically noted. Unless otherwise indicated, commentary on this site reflects the personal opinions, viewpoints and analyses of the author and should not be regarded as a description of services provided by the Firm or its affiliates. The opinions expressed here are for general informational purposes only and are

• Dave Friedberg on TPB's thesis-first investment strategy

  Capabilities Overview marketplace_1_ Build Model allocations, evaluate funds, and automate admin with AI-powered workflows connected-devices Fundraise Build client-ready materials and connect proposals to streamlined transaction workflows networking--03_1_ Manage Deploy capital thoughtfully, and automate investment servicing, updates and reporting menu_thumbnail (4) (1)%20(1).png?width=600&height=338&name=menu_thumbnail%20(4)%20(1).png) The Opto platform [...] forward-looking statements include, but are not limited to, estimates with respect to financial condition, results of operations, and success or lack of success of the depicted investment strategy. All are subject to various factors, including, but not limited to general and local economic conditions, changing levels of competition within certain industries and markets, changes in interest rates, changes in legislation or regulation, and other economic, competitive, governmental, regulatory and [...] provided by the Firm. This website is presented for financial institutions and investment professionals only and is not intended for individual consumers or retail investors, unless specifically noted. Unless otherwise indicated, commentary on this site reflects the personal opinions, viewpoints and analyses of the author and should not be regarded as a description of services provided by the Firm or its affiliates. The opinions expressed here are for general informational purposes only and are

• David Friedberg's Alphabet-backed Production Board raised $300 ...

  "At least for my lifetime, I don't think there's going to be any shortage of problems and opportunities to go after," the 41-year-old Friedberg said. "If we have a liquidity event, we should be able to recycle that capital and use it for new work." [...] If there's a business opportunity, TPB will spin the company out and give it a CEO, management team and lab space, while still offering centralized services for legal, human resources and finance. Some of the companies have raised additional capital from other venture investors. "They can focus on getting a product built or getting product-market fit, and then over time as they mature, we start to hand some of those operating functions off so they can operate independently," Friedberg said. [...] TPB is an investment company, but it's not set up as a venture fund. That means Alphabet and other outside investors own shares in the parent entity but not the portfolio companies. They only get liquidity if TPB goes public or gets acquired. "If one of our companies were to go public or get sold, we don't take that capital and distribute it back to our shareholders," Friedberg said in an interview this week. "It stays on the balance sheet and we keep building." ## No shortage of problems

• There's a .00006% Chance of Building a Billion Dollar Company

  “When you say you got lucky, you got lucky because you didn’t know what was going to happen. The corollary is, if you know what’s going to happen, then there is no luck. There’s also no uncertainty and no risk,” Friedberg says. “In this context, shouldn’t your objective be to always know what’s going to happen? To always remove the unknowns?” [...] But then he thought about it more. “It occurred to me that whether or not this guy was making money in a given month was based on how many days it rained. That’s actually a huge problem.” Digging a little deeper, Friedberg discovered that upwards of 70% of businesses are affected by the weather every year — a simple stat that gave birth to an idea: an insurance service for companies that would pay out when bad weather was on the way. [...] Starting with the Bike Hut on the Embarcadero in San Francisco, Friedberg saw a country full of businesses big and small losing millions of dollars due to the weather. Beyond that, he saw livelihoods lost that could be protected by the right business model. That’s what kept him driving hard through the red tape, through years of poor market fit, through endless investor rejections.

• David Friedberg on The Framework for Business Value ... - 20VC

  How does David foresee the impending rate hikes? What impact will this have on venture and the economy? What segment of the market will be first to be hit? Why is growth investing last to be hit? How does early stage play out in this very new environment? How will we see the velocity of capital deployment change in this new period? What does David believe are some of the crucial flaws of the venture model?