“powers your phone, we own. Those are all really backbone…” — The Knowledge Project at 4:48
“powers your phone, we own. Those are all really backbone things. So what we do is backbone. This is not innovative venture capital that we're doing. But 50% of the backbone of what we own today did not exist as an asset class for investment 20 years ago. What percentage of that would you say is new things versus…”
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