The speaker characterized the COVID-era, pre-LLM period as an unusual investment environment in which investors were uncertain about what to fund.

“a weird moment in history where it was like covid and pre llm from an investor perspective i think it was like a weird like what do i invest in at this time do i do more sass like people were trying to like pattern match they're like oh there's no collaboration platform for developers around this tool and like figma was like you know successful with adding you know making design collaborative and so”