.@jcal7 (Founder, @trueventures) on the scale of the AI boom: “Our numbers are 2 to 4 trillion of CapEx going into the AI wave over the next five years. In every prior wave (Web2, mobile, cloud) the value created at the application layer on top of that CapEx was 5 to 10x.” “We’re talking about markets that haven’t been invented yet. Net new consumer behaviors. Net new enterprise behaviors. At an unprecedented level.” For founders and investors, he calls it “the vintage of a lifetime.”