> Sam, Greg, Elon, Reid Hoffman, Jessica Livingston, Peter Thiel, Amazon Web Ser...

ipsum2 · on Dec 11, 2015

Note that this is "committed $1 billion", not funded. "although we expect to only spend a tiny fraction of this in the next few years."

chimeracoder · on Dec 11, 2015

> Note that this is "committed $1 billion", not funded.

That same caveat could apply to any fund raised by a venture fund - usually funds are committed, and the actual capital call comes later (when the funds are ready to be spent).

It's an important caveat in some circumstances (e.g. it hinges on the liquidity of the funders, which may be relevant in an economic downturn), but in this one, I'm not sure it really makes a difference for this announcement.

fscherer · on Dec 12, 2015

I laughed out loud when I read that, really loud

jcsnv · on Dec 11, 2015

How so?

ceocoder · on Dec 11, 2015

I believe GP is commenting about nonchalant, matter-of-fact mention of $1 billion.

tgb · on Dec 11, 2015

And that the name dropping would have been the clickbait headline in most articles.

jcsnv · on Dec 11, 2015

Thank you