A16z Podcast

The principal political binary of the past century was the political 'left versus right'. But in the 21st century the binary has shifted -- the battleground now is 'open versus closed'. Those states and societies that embrace economic, political, and cultural openness will have a better shot at competing in the software and technology-driven future, argues Alec Ross, author of the new book The Industries of the Future. Ross, who worked on the first Obama presidential campaign and was the advisor on innovation to Hillary Clinton when she was Secretary of State, joins the a16z Podcast to discuss his views on the industries (and cities) of the future, how they are playing out across a 196-country chessboard, and what we all can do to prepare ourselves and our children for what is to come.

No matter how one views Xiaomi -- and there are many ways to view it, for better or worse -- one thing is clear: It, and other such companies (like WeChat and Alibaba), indicate a broader trend around innovation coming from China. Companies and countries that were once positioned as copycats or followers are becoming leaders, and in unexpected, non-obvious ways. For example, through scale, distribution, logistics, infrastructure, O2O, a different kind of ecommerce, mobile marketing, even design... But of a very different kind than iconic examples like, say, SpaceX. Or Apple, which arguably could damage the U.S. if single-mindedly regarded as "our official most innovative company". Or so argue the guests on this podcast, which include a16z partner Connie Chan and author/long-time observer of internet and social media culture Clay Shirky, who is currently based at NYU Shanghai, wrote the popular book Here Comes Everybody, and most recently authored Little Rice on "smartphones, Xiaomi, and the Chi

During his “Stratos” jump Felix Baumgartner fell faster than the speed of sound, reaching an estimated speed of 833.9 mph plummeting from the edge of space. Baumgartner’s return trip to earth lasted just over nine minutes, but there was seven years of preparation that came before the record-setting mission. Equipment had to be tested and pushed beyond its limit, and so did Baumgartner. It was the task of Red Bull’s director of high performance Andy Walshe to help train Baumgartner physically and psychologically to do what had never been done before. That’s Walshe’s job -- to work with Red Bull’s athletes and artists to get them to places they’ve never been before. Walshe joins the pod, along with a16z’s Jordan Stankowski, to discuss the methods, technologies, and tools he uses to help get people past seemingly unbreakable barriers. The good news is it isn’t just world-class athletes or your favorite pop-star that can benefit from Walshe’s research and work -- it’s all of us.

The NFL has descended upon Silicon Valley for Superbowl 50, and a16z was fortunate to have 30 of the world’s best football players post-up at the firm to talk about the intersection between the world of professional sports and venture capital. Joe Montana -- yes, the Hall of Fame 49ers quarterback – joins a discussion with a16z’s Jeff Jordan and Ben Horowitz about their approaches to tech investing and the startup ecosystem, how they manage the risk involved (there’s plenty), and whether athletes and other high-profile folks can -- and indeed should – get involved. Here’s one piece of common ground: The hardest thing for NFL legends and VC’s alike? Losing.

Max Levchin helped build PayPal. Then he went onto tackle gaming at Slide. Now he’s back in the world of payments and finance with his latest startup Affirm. a16z’s Angela Strange talks with Levchin about Affirm’s opportunity in the world of finance, and how it aims to build trust among a customer base that doesn’t trust banks. Why building models around loans requires making bad loans, and finally, why everyone should start watching Kurosawa’s "Seven Samurai" -- over and over.

Technology companies are running hard at almost every part of the traditional banking business -- from raising funds to moving money from one person to another. And as you would expect, that has meant change, both in terms of the banking services that are available to all of us, and the pricing of those services. It begs the question of what role banks play going forward, and whether tech companies are partners or competitors (or some combination) to the players in the traditional banking business? And finally, if banking gets unbundled by tech –- if there is a choice of services -- what fees, and at what price will consumers be willing to pay? a16z’s Alex Rampell leads a discussion with TransferWise Executive Founder Kristo Käärmann and Tilt founder and CEO James Beshara on the future of money and monetization. The discussion occurred as part of the firm’s U.K. Tech Summit. The views expressed here are those of the individual AH Capital Management, L.L.C. (“a16z”) personnel quoted and are not the views of a

From Aaron Sorkin to Steve Jobs to Meredith Perry and Elon Musk, "original" thinkers -- such as entrepreneurs -- do a lot of different things to move the world to their visions. And many of those things (and traits) are counterintuitive, such as ... Embracing procrastination. But there's a catch: It's about being the just-right amount of procrastinator, expert, or confident. There's a curvilinear relationship between too much and too little. There's also some surprising findings about why NOT to "start with the why" but with the how. Because sometimes the how is much more believable than the why. Especially when it comes to getting people to engineer things from ubeam to SpaceX. Or to really being able to tell the difference between communication vs. confidence vs. competence. Ultimately, it's all about being flexible, argues top Wharton management professor and New York Times columnist Adam Grant in his new book Originals. So how do we strike the just-right balance -- whether making an en

Your homeowner’s insurance didn’t anticipate Airbnb. Your car insurance certainly didn’t see Lyft and Uber coming. And when your car drives itself, it’s anyone’s guess how the insurance industry will wrap its collective head around that one. a16z’s Frank Chen and Mike Paulus talk insurance on this segment of the pod. Yes, insurance. Insurance may not be the sexiest part of your life (hopefully), but because of the changes in how we move through the world -- literally and figuratively -- insurance is due for a reinvention. What are the possibilities for new and better insurance, and which technologies and trends are driving it.

There are fewer and fewer parts of our lives that don't feel like an extension of our smartphones. Any song you might want to hear. Any place you might want to go. And a ride to get there. All served up simply, quickly, at the right price, and with an experience that is actually enjoyable. And then there is the world of banking. Taavet Hinrikus, CEO and co-founder of money transfer company TransferWise, and a16z's Angela Strange discuss why and how banking and finance -- from paying back a friend to refinancing a mortgage -- is about to catch up to the rest of our technology-enabled lives. The views expressed here are those of the individual AH Capital Management, L.L.C. (“a16z”) personnel quoted and are not the views of a16z or its affiliates. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by a16z. While taken from sources believed to be reliable, a16z has not independently verified such information and makes no represent

We often hear stats like “more people have mobile phones than toilets” about places like Africa, but what does that actually mean for people? “It is b.s.,” (no pun intended), argues one of the guests on this episode. Then there are statistical predictions about mobile penetration and usage — for example, that there will be one mobile phone per African within just three years. But how do we make sense of such stats, in context? It may make more sense to measure devices per household … and to also consider power structures and whether women, too, truly have such access. Finally, since access is mainly about affordability, what good is a smartphone with an internet connection if data plans are prohibitively expensive? Watching just one YouTube video could cost an African family an entire month of groceries. Yet mobile and wi-fi may be collapsing Maslow’s famous hierarchy of needs. With three experts from various backgrounds and regions of Africa — Nkiru Balonwu of international music media company Spinlet; Alan

The thing about enterprise security, from the outside at least, is it reads like a Hollywood thriller. Nation states are after your company’s most valuable assets and they must be stopped at all costs. And yes, some nation state-sponsored hacks have caused tremendous damage. But the best course for most companies isn’t to focus on combatting Mission Impossible-like come through the vent break-ins, says Tanium co-founder Orion Hindawi. It’s the far less sexy practice of simply keeping the virtual windows and doors to your company locked. “It is the thing that will fix you,” Hindawi says. In a conversation from the firm’s Capital Summit event, Ben Horowitz and Orion discuss the state of enterprise security, and how Tanium’s block and tackle -- not cloak and dagger -- approach has defined the company’s technology and also led to its tremendous growth. The views expressed here are those of the individual AH Capital Management, L.L.C. (“a16z”) personnel quoted and are not the views of a16z or its affiliates. Cert

Smartphone components have become a kind of Lego kit for all kinds of consumer technology. Cameras, sensors, and batteries all get mixed and matched in different permutations to create different gadgets. It might be something that enables your connected home, offers a video capture system for cops, or powers a remote video chat/treat machine for your dog (I know, we all need that). But since practically every component is now available to everyone -- and the manufacturing expertise to tie it all together as well -- it becomes very hard to distinguish via hardware alone. Software is the key to breaking from the pack, say Benedict Evans and Steven Sinofsky in this post-2016 CES podcast. What Benedict and Steven saw and learned from this year’s gathering of the consumer electronics industry in this segment of the a16z Podcast.

For as long as there has been software we have had this collective hope -- maybe more of a desire -- that software will make all kinds of work easier, more productive, and more creative. Spreadsheets, computer-aided design tools, digital publishing platforms, though never perfect, are examples of software that have definitely changed how we work and what is possible. Still, you find very few people enthusing about Excel over cocktails. So what is going on with Slack? The messaging app crops up in conversation at dinner parties. It’s become a kind of cultural signifier of a tech savvy workforce that is always looking for better ways to connect -- inside and outside of work. In this segment of the podcast we discuss Slack with its founder Stewart Butterfield. Why Slack has resonated so well across all types of people, from engineers at NASA’s Jet Propulsion Lab to dentists, and what that says about how we work today and about our ongoing quest for the perfect tools and services to get the job done. The convers

In this, world of massive cloud-based applications and services, rolling out software has moved from an episodic event to an almost continuous release cycle. In that environment, software products aren’t as “done” as they used to be -- they can’t be -- so the focus has shifted to reversibility. Building a development organization with the design tools and processes that can aggressively iterate while also creating safety nets. So if things do get screwy they can be fixed before customers even notice. Call it DevOps or application operations, Steven Sinofsky leads a discussion with Karthik Rau from SignalFx and Alex Solomon from PagerDuty about the evolution of I.T. operations – and the requirements and challenges that modern distributed applications pose for a development organization. The views expressed here are those of the individual AH Capital Management, L.L.C. (“a16z”) personnel quoted and are not the views of a16z or its affiliates. Certain information contained in here has been obtained from third-p

Every organization these days is clear about the need to get its data act together. But that doesn’t mean the path toward data bliss is clear. Data has gravity. It resides in different places at different organizations -- on premise, in the cloud, and flowing from external sources. And the rate of change within organizations is always different. So an approach towards handling data that works for one company may be the exact wrong thing for yours. Steven Sinofsky leads a conversation with three founders -- Prat Moghe, from Cazena; Gaurav Dhillon from SnapLogic, and Roman Stanek from GoodData – about the opportunity and variety of ways forward for companies looking to make the most of the data that matters. The views expressed here are those of the individual AH Capital Management, L.L.C. (“a16z”) personnel quoted and are not the views of a16z or its affiliates. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by a16z. While

The old constraint when it came to technology was hardware -- how many CPUs can I get my hands on. Today, spinning up compute can be done from any smartphone with an AWS account or something similar. The current constraint is software. And since software is written and operated by people, tackling that constraint comes down to making people as informed, enabled, and efficient as possible. Three CEOs and co-founders of three companies that serve software developers -- Chris Wanstrath from GitHub, Jeff Lawson from Twilio, and Ben Uretsky of Digital Ocean -- take part in a conversation with a16z’s Peter Levine about the needs of software developers. What are the emerging platforms, ecosystems, and tools that help developers succeed at what is increasingly the most important job in any company – writing and running software. The views expressed here are those of the individual AH Capital Management, L.L.C. (“a16z”) personnel quoted and are not the views of a16z or its affiliates. Certain information contained in

As software becomes core to every industry, there is a need for more and more software development across practically every department in a company. But as anyone who has tried to get quality software developed knows, that has given rise to a supply and demand problem. Leveraging open source software is a big part of the solution to that problem, but venturing into the open source world raises all sorts of questions for most companies. For example, how do you engage as a company in the open source community; what are your obligations to the project; and if you are hiring a development team what clues ought you to be looking for to get the best developers? And what are the developers looking for? And in the end, who’s responsible and accountable for the all this code flowing around? In a discussion from the firm’s 2015 Tech Summit, Steven Sinofsky digs into all those questions with a panel that includes Roger Dickey, founder and CEO of Gigster, Slack CMO Bill Macaitis, GitHub Director of Field Services Matthew

Chris Milk calls virtual reality the “ultimate empathy machine.” The filmmaker and founder of VR shop Vrse talks with a16z’s Chris Dixon about how virtual reality can connect with people in ways no other medium can. Milk describes the ways virtual reality production veers from the traditional techniques of filmmaking, and why the results can transport people to places and feelings that we’ve never experienced -- except in the real world. The discussion happened as part of a16z’s 2015 Academic Roundtable. The views expressed here are those of the individual AH Capital Management, L.L.C. (“a16z”) personnel quoted and are not the views of a16z or its affiliates. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by a16z. While taken from sources believed to be reliable, a16z has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a give

You know how talented Andre Iguodala is as a basketball player. You may not know that he signed with the Warriors in part to be near Silicon Valley and the tech scene. Iguodala knows tech, and in a conversation with a16z's Jeff Jordan at the 2015 Tech Summit he talks about his relationship with tech as a professional athlete and as a businessman. The views expressed here are those of the individual AH Capital Management, L.L.C. (“a16z”) personnel quoted and are not the views of a16z or its affiliates. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by a16z. While taken from sources believed to be reliable, a16z has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should co

Mellody Hobson, president of Ariel Investments, sits down with Ben Horowitz during a16z's 2015 Tech Summit for a wide ranging conversation on investing, the state of markets, and how Hobson began her career in finance. Oh, and Star Wars! Hobson has a little inside info given that her husband is George Lucas. And for the minuscule number of people who have not seen the new Star Wars pic -- no spoilers here.