Podcasts about Andreessen Horowitz

Get access to metatrends 10+ years before anyone else - https://qr.diamandis.com/metatrends   Anjney Midha is a General Partner of a16z (Andreessen Horowitz), leading AI and infrastructure transactions. Bonnie Chan is the CEO at Hong Kong Exchanges or HKEX. Dave Blundin is the founder & GP of Link Ventures _ Connect with Peter: X Instagram Connect with Dave: X LinkedIn Connect with Anjney X Linkedin Connect with Bonnie Linkedin Listen to MOONSHOTS: Apple YouTube – *Recorded on October, 2025 *The views expressed by me and all guests are personal opinions and do not constitute Financial, Medical, or Legal advice. Learn more about your ad choices. Visit megaphone.fm/adchoices

[Original air date: June 19, 2025]In this episode, Alex Immerman, partner at Andreessen Horowitz, joins CJ to discuss the CFO role and how it's changing in the era of AI. He explains what the components of a company's AI agenda the CFO should own, how and where it should be leveraged in an organization, and why, if you're preparing to go public, AI needs to be mentioned in your S-1. He breaks down how the financial landscape differs greatly between AI-native SaaS companies and traditional B2B SaaS companies in terms of retention curves and gross margins, and how this relates to the ever-important LTV to CAC metric. As someone who has worked with prominent CFOs and interviewed many for a16z's portfolio companies, Alex also describes the qualities of a great CFO, and shares his favorite interview question, before discussing CFOs, CEO, and board dynamics.—LINKS:Alex Immerman on LinkedIn: https://www.linkedin.com/in/immermanAndreessen Horowitz: https://a16z.comCJ on LinkedIn: https://www.linkedin.com/in/cj-gustafson-13140948/Mostly metrics: https://www.mostlymetrics.com—RELATED EPISODES:a16z's Alex Immerman on the Evolving Role of the CFO in the Age of AIhttps://youtu.be/JIvHp-mlnzsSo You're Looking for a “Strategic” CFO? Bloomerang's Steve Isom on What That Really Meanshttps://www.youtube.com/watch?v=cgHOtvG1Ces—TIMESTAMPS:00:00:00 Preview and Intro00:01:46 AI Margins Improve Dramatically00:02:29 What Separates Great CFOs00:03:29 Founder Mindset Drives Performance00:05:31 Founder Intensity and Margin Expansion00:06:57 Backing Unproven Bets Thoughtfully00:08:29 Interviewing CFOs for Backbone00:09:55 When CFOs Push Back on Strategy00:11:25 CFO Trust With Boards and Investors00:11:50 How CFOs Engage Investors When Hiring00:14:44 Building Strong CFO Investor Relationships00:16:18 Sharing Bad News Early00:17:21 CEO Vision Versus CFO Validation00:20:57 How AI Is Changing the CFO Role00:23:56 Incumbents Versus AI-Native Finance Tools00:26:24 CFOs Driving Internal AI Adoption00:28:07 AI Impact on Customer Support Efficiency00:29:26 Internal Leverage From AI Automation00:31:29 Why Investors Care About LTV to CAC00:34:00 LTV to CAC Across Business Models00:36:26 Retention Curves Matter More Than Growth00:38:16 Evaluating AI Gross Margins Long Term00:40:04 Recipe for AI Margin Expansion00:43:01 What Makes a Public-Ready CFO00:44:47 Beating Guidance Drives IPO Performance00:46:56 Growth Versus Profitability Has Rebalanced#RunTheNumbersPodcast #CFOLeadership #FintechInvesting #AISaaS #VentureCapital This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit cjgustafson.substack.com

What do Sam Altman, Jensen Huang, Reid Hoffman, Marc Andreessen, and Elon Musk actually believe about the future of tech?In this episode of the Newcomer Podcast, we break down the quotes that defined tech in 2025. From OpenAI and Anthropic to venture capital, regulation, and Silicon Valley power, these are the moments where powerful people said the quiet part out loud.Rather than reacting to headlines, we look at the specific lines that revealed how AI companies think about compute and money, how venture capital is consolidating power, and why tech and politics are now inseparable.We cover:What Sam Altman and OpenAI revealed about scale and computeHow VC giants like Andreessen Horowitz and Lightspeed talk about power and accessWhy AI regulation looks very different in public than it does in privateThe quotes that mattered more than any keynote or earnings callThis is a year-in-review told through the words that shaped it.

What do Sam Altman, Jensen Huang, Reid Hoffman, Marc Andreessen, and Elon Musk actually believe about the future of tech?In this episode of the Newcomer Podcast, we break down the quotes that defined tech in 2025. From OpenAI and Anthropic to venture capital, regulation, and Silicon Valley power, these are the moments where powerful people said the quiet part out loud.Rather than reacting to headlines, we look at the specific lines that revealed how AI companies think about compute and money, how venture capital is consolidating power, and why tech and politics are now inseparable.We cover:What Sam Altman and OpenAI revealed about scale and computeHow VC giants like Andreessen Horowitz and Lightspeed talk about power and accessWhy AI regulation looks very different in public than it does in privateThe quotes that mattered more than any keynote or earnings callThis is a year-in-review told through the words that shaped it.

We're joined by producer and production executive Tom Butterfield, whose 17-year career has spanned studio collaborations, independent features, and public sector funding bodies on both sides of the Atlantic. As the principal of Culmination Productions, Tom has produced a diverse slate of films including The Critic, Cellar Door, The Banker, and Die in a Gunfight. He brings a uniquely grounded perspective on what it takes to get a film made.In this conversation, Tom unpacks the realities of producing in today's market. He compares the financing and development models between the UK and US, offers candid lessons from multi-year development journeys, and explains how casting factors into packaging decisions. We also dive into his philosophies on creative collaboration, managing talent relationships, and the producer's role as a problem-solver.Tom also reflects on industry shifts—from the decline of mid-budget theatrical films to the rise of streamer-era economics—and how organizations like Producers United are helping redefine the producer's role in today's evolving landscape. About WrapbookWrapbook is a smart, intuitive platform that makes production payroll and accounting easier, faster, and more secure. We provide a unified payroll platform that seamlessly connects your entire team—production, accounting, cast, and crew—all in one place.Wrapbook empowers production teams to manage projects, pay cast and crew, track expenses, and generate data-driven insights, while enabling workers to manage timecards, track pay, and onboard to new projects from any device. Wrapbook brings clarity and dependability to production payroll, while increasing the productivity of your whole team.For crew: The Wrapbook app eliminates the headaches of production payroll by providing a fast, transparent, and secure solution for workers to complete startwork, submit timecards, and track pay.Trusted by companies of all sizes, Wrapbook powers payroll for some of the industry's top production companies, including SMUGGLER, Tuff, and GhostRobot. Our growing team of 250+ people includes entertainment and technology experts from SAG-AFTRA, DGA, IATSE, Teamsters, Amazon, Microsoft, Facebook, and more.Wrapbook is backed by top-tier investors, including Jeffrey Katzenberg's WndrCo, Andreessen Horowitz, and A* Capital.Get started at https://www.wrapbook.com/

In this episode, Sasha Orloff speaks with Usman Gul, founder and CEO of Metal, about building an AI-driven operating system for fundraising backed by Y Combinator and Andreessen Horowitz that helps founders avoid wasting 80% of their investor meetings by using data-driven insights to identify the most likely investors based on historical funding patterns, industry benchmarks, and relationship intelligence across over 500,000 venture rounds. -- SPONSORS: Notion Boost your startup with Notion—the ultimate connected workspace trusted by thousands worldwide! From engineering specs to onboarding and fundraising, Notion keeps your team organized and efficient. For a limited time, get 6 months of Notion AI FREE to supercharge your workflow. Claim your offer now at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://notion.com/startups/puzzle⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Puzzle

On this episode of the SeventySix Capital Sports Leadership Show, Wayne Kimmel interviewed CEO and Co-Founder of Overtime, Dan Porter.Porter, who graduated with a B.A. from Princeton and a masters from NYU, is the CEO and co-founder of Overtime, a sports network for the next generation of fans, generating a billion views a month and backed by VC's like Andreessen Horowitz and Spark, and Kevin Durant and former NBA commissioner David Stern. Previously Porter was the head of digital at Endeavor. He also led and sold the gaming company OMGPOP for $200mm and ticketing company TicketWeb for $40mm. Porter was the creator of the Draw Something mobile game which was downloaded 250 million times. Earlier in his career, Porter led development for Richard Branson and the Virgin Group, worked twice in the music business, was a public school teacher, and was President of Teach For America, the national education non-profit. Today Porter teaches undergraduates at NYU and lives in Brooklyn with his wife, sons, and dogs.Dan Porter:LinkedIn: https://www.linkedin.com/in/danporter/Instagram: https://www.instagram.com/tfadp/?hl=enX: https://x.com/tfadp?lang=enChapters: 00:00 Introduction to Overtime and Dan Porter03:26 Overtime's Growth and League Development06:28 NIL Impact on Player Empowerment09:34 Recruitment and Global Reach of Overtime12:23 Draft Success and Player Development15:30 Media Strategy and Brand Partnerships18:32 Memorable Moments and Community Engagement21:23 Dan Porter's Personal Journey and Leadership24:23 Overtime is Born27:25 Key Videos and Content Strategy30:18 Expansion into Football and Women's Sports33:38 Leadership Lessons and Closing Thoughts

Mirelo, a German startup that is building AI to add synced sound effects to videos, has raised a $41 million seed round led by Index Ventures and Andreessen Horowitz. Also, First Voyage has raised $2.5 million in a seed funding round from a16z speedrun, SignalFire, True Global, and other investors. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Arianna Simpson of Andreessen Horowitz joins Nick to discuss The Crypto x AI Convergence, the Truth About Stablecoins, Tokens vs Equity, and Whether NFTs Will Make a Comeback. In this episode we cover: Stable Coins and Their Impact on Crypto Geopolitical and Regulatory Risks for Stable Coins Crypto's Role in the Financial System and Emerging Use Cases Investing in Tokens and Equity Institutional Adoption and Market Cycles Challenges and Opportunities in the Crypto Market Founders and Their Impact on Investment Decisions The Future of NFTs and Emerging Technologies Guest Links: Arianna's LinkedIn Arianna's X Andreessen Horowitz's LinkedIn Andreessen Horowitz's Website The host of The Full Ratchet is Nick Moran of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area. We're proud to partner with Ramp, the modern finance automation platform. Book a demo and get $150—no strings attached.   Want to keep up to date with The Full Ratchet? Follow us on social. You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter.

David George is a General Partner at Andreessen Horowitz, where he leads the firm's Growth investing team. His team has backed many of the defining companies of this era, including Databricks, Figma, Stripe, SpaceX, Anduril, and OpenAI, and is now investing behind a new generation of AI startups like Cursor, Harvey, and Abridge. AGENDA: 03:05 – Why Everyone is Wrong: Mega Funds Does Not Reduce Returns 10:40 – Is Public Market Capital Actually Cheaper Than Private Capital? 18:55 – The Biggest Advantage of Staying Private for Longer 23:30 – The #1 Investing Rule for a16z: Always Invest in the Founder's Strength of Strengths 31:20 – Why Fear of Theoretical Competition Makes Investors Miss Great Companies 35:10 – Does Revenue Matter as Much in a World of AI? 44:10 – Does Kingmaking Still Exist in Venture Capital Today? 49:20 – Do Margins Matter Less Than Ever in an AI-First World? 53:50 – My Biggest Miss: Anthropic and What I Learn From it?  56:30 – Has OpenAI Won Consumer AI? Will Anthropic Win Enterprise? 59:45 – The Most Controversial Decision in Andreessen Horowitz History 1:01:30 – Why Did You Invest $300M into Adam Neumann and Flow?    

We sit down with creative entrepreneur and studio advisor Joel Pilger. After running Impossible Pictures for two decades—serving major clients like Disney, Nat Geo, and Ford, Joel now helps creative studios and production companies around the world build sustainable, purpose-driven businesses without compromising their creative identity. In this conversation, he shares what it takes to lead a creative business in today's landscape of remote teams, tighter margins, AI disruption, and increased competition.Joel unpacks the most common pitfalls creative studio founders face, especially around sales, marketing, and pricing. He explains why growth doesn't have to mean dilution, how studios can structure their teams for creative freedom and financial discipline, and why the future belongs to lean, elite, highly specialized teams who know how to deliver at scale. Whether you're running a five-person shop or scaling beyond 20, Joel offers practical insights on navigating the “anxious middle,” setting smart financial guardrails, and focusing on what he calls your "genius."This episode also dives into how studios can escape commoditization by shifting from order-takers to trusted experts, developing proprietary methods, and building community with both clients and peers. About WrapbookWrapbook is a smart, intuitive platform that makes production payroll and accounting easier, faster, and more secure. We provide a unified payroll platform that seamlessly connects your entire team—production, accounting, cast, and crew—all in one place.Wrapbook empowers production teams to manage projects, pay cast and crew, track expenses, and generate data-driven insights, while enabling workers to manage timecards, track pay, and onboard to new projects from any device. Wrapbook brings clarity and dependability to production payroll, while increasing the productivity of your whole team.For crew: The Wrapbook app eliminates the headaches of production payroll by providing a fast, transparent, and secure solution for workers to complete startwork, submit timecards, and track pay.Trusted by companies of all sizes, Wrapbook powers payroll for some of the industry's top production companies, including SMUGGLER, Tuff, and GhostRobot. Our growing team of 250+ people includes entertainment and technology experts from SAG-AFTRA, DGA, IATSE, Teamsters, Amazon, Microsoft, Facebook, and more.Wrapbook is backed by top-tier investors, including Jeffrey Katzenberg's WndrCo, Andreessen Horowitz, and A* Capital.Get started at https://www.wrapbook.com/

President Donald Trump declared on Truth Social this week that he will sign an executive order aimed at banning state AI laws. The move will almost certainly appease Silicon Valley executives and anger some of his fellow Republicans — not to mention ignite a legal battle with state governments concerned about federal overreach. On POLITICO Tech, host Steven Overly breaks down the latest developments surrounding the closely watched and intensely debated AI moratorium with the help of POLITICO technology reporters Gabby Miller and Brendan Bordelon.  Steven Overly is the host of POLITICO Tech and covers the intersection of politics and technology. Nirmal Mulaikal is the co-host and producer of POLITICO Energy and producer of POLITICO Tech. This episode has been updated to correct a mischaracterization of Andreessen Horowitz's policy position. Learn more about your ad choices. Visit megaphone.fm/adchoices

What if losing your life savings on your first investment at age 27 became the catalyst for understanding why 90% of startups get stuck for the same psychological reasons? That's exactly what happened to Dave Hersh, founding CEO of Jive, board partner at Andreessen Horowitz, and author of Reignition. Dave grew Jive from an open-source project to a NASDAQ IPO, bootstrapping to $12 million over five years before raising venture capital. But when he watched Atlassian, a comparison company that started at the same time, stay on their original trajectory and become worth over $20 billion while Jive eventually died on the public markets, he realized fear and insecurity had driven his capital decision rather than genuine strategy. That painful lesson shaped everything Dave now teaches as an executive coach and General Partner at Metamorph Partners. After working with hundreds of stuck companies, he discovered that 90% of failures trace back to the same psychological patterns. Not cash. Not product market fit. Not competition. Subconscious patterns driving decisions without founders knowing. The statistics are sobering. Between 80 to 95% of founders suffer mental health issues while running their companies. Even successful founders have an 85% chance of experiencing depression or struggles for up to 10 years post-exit. Only 15% are truly thriving after they sell. Dave introduces his inner board meeting framework, which helps founders identify the internal parts driving major decisions. The child wanting safety. The hero wanting to save everyone. The warrior that cannot let go. When you understand these patterns, you can work toward compromises that break through stalemates. The conversation covers when and why to raise capital versus bootstrap, the transition process between identities that most founders skip, and the human-first competitive moats that will define success in the AI era. For founders navigating capital decisions, stuck companies, or the complex terrain after exit, this episode offers a different lens on what actually determines outcomes. FOR MORE ON THIS EPISODE: https://www.coreykupfer.com/blog/davehersh FOR MORE ON DAVE HERSH:https://www.linkedin.com/in/davehersh/https://one-in-ten-thousand.beehiiv.com/ FOR MORE ON COREY KUPFERhttps://www.linkedin.com/in/coreykupfer/https://www.coreykupfer.com/ Corey Kupfer is an expert strategist, negotiator, and dealmaker. He has more than 35 years of professional deal-making and negotiating experience. Corey is a successful entrepreneur, attorney, consultant, author, and professional speaker. He is deeply passionate about deal-driven growth. He is also the creator and host of the DealQuest Podcast. Get deal-ready with the DealQuest Podcast with Corey Kupfer, where like-minded entrepreneurs and business leaders converge, share insights and challenges, and success stories. Equip yourself with the tools, resources, and support necessary to navigate the complex yet rewarding world of dealmaking. Dive into the world of deal-driven growth today! Episode Highlights with Timestamps [00:00] - Introduction: Dave Hersh's journey from dot-com era to executive coaching [02:30] - Growing up in Newport, Rhode Island with no entrepreneurial modeling [05:15] - First entrepreneurial experience: selling ninja weapons to neighborhood kids [07:45] - Arriving in New York on September 10th, 2001 and founding Jive [12:00] - Bootstrapping to $12 million over five years without outside capital [16:30] - The Facebook moment and decision to raise venture capital in 2006 [21:00] - Why founders equate raising money with success and the 10% reality [25:45] - The Atlassian comparison and what could have been a $20 billion outcome [30:15] - Mental health statistics: 80-95% of founders suffer while running companies [34:00] - Post-exit malaise: 85% of successful founders struggle for up to 10 years [43:00] - Identifying internal parts: the child, hero, warrior, and insecure parts [51:30] - Human-first moats in the AI era Guest Bio Dave Hersh is an executive coach, speaker, and investor based in San Francisco with over 30 years of experience in strategy, startups, and conscious leadership. He was the founding CEO of Jive, which he grew from an open-source project to a NASDAQ IPO. He also spent two years as a Board Partner (investor) at the venture capital firm Andreessen Horowitz. He is the author of Reignition, a playbook for helping startups get unstuck and find their breakthrough, and is working on a new book about enlightened leadership in the era of AI. Dave currently serves as General Partner at Metamorph Partners. Host Bio Corey Kupfer is an expert strategist, negotiator, and dealmaker with more than 35 years of professional deal-making and negotiating experience. Corey is a successful entrepreneur, attorney, consultant, author, and professional speaker deeply passionate about deal-driven growth. He is the creator and host of the DealQuest Podcast. Show Description Do you want your business to grow faster? The DealQuest Podcast with Corey Kupfer reveals how successful entrepreneurs and business leaders use strategic deals to accelerate growth. From large mergers and acquisitions to capital raising, joint ventures, strategic alliances, real estate deals, and more, this show discusses the full spectrum of deal-driven growth strategies. Get the confidence to pursue deals that will help your company scale faster. Related Episodes Episode 366 - Jodi Hume: Founder Exits and the Emotional Journey Behind Major Business Decisions: Explore the psychological dimensions of exits and what founders need to prepare for beyond the transaction. Episode 350 - Tom Dillon: When NOT to Take Venture Capital Money: Discover alternative funding sources and how to evaluate whether VC is right for your business model. Episode 302 - Laurie Barkman: Preparing for a Successful Exit with Business Transition Insights: Learn the practical steps for getting your business exit-ready. Episode 328 - Richard Manders: Post-Exit Transitions and Finding Purpose After Selling Your Company: Understand how successful founders navigate identity after major exits. Social Media Follow DealQuest Podcast:LinkedIn: https://www.linkedin.com/in/coreykupfer/Website: https://www.coreykupfer.com/ Follow Dave HershLinkedIn: https://www.linkedin.com/in/davehersh/ Newsletter: https://one-in-ten-thousand.beehiiv.com/ Keywords/Tags founder mental health, post-exit depression, startup psychology, venture capital decision, inner work for CEOs, executive coaching entrepreneurs, identity after exit, bootstrap versus venture capital, founder burnout, stuck companies, inner board meeting, conscious leadership, Jive Software, Andreessen Horowitz, Reignition book, founder transitions, ego in business, capital raising psychology, entrepreneurial mental health, exit preparation, business identity, human-first leadership, AI era leadership

Anil Varanasi is the co-founder and CEO of Meter, which provides full-stack networking infrastructure as a service for businesses. Since founding Meter with his brother Sunil in 2015, Anil has been playing a distinctly long game in one of the most entrenched markets in technology, betting on vertical integration, business model innovation, and a multi-decade time horizon. In this conversation, he unpacks Meter's origin story, from four-plus years of heads-down R&D, and shares how his unconventional approach to planning, management, and pace keeps him excited to run the company for decades. In today's episode, we discuss: Why Anil thinks in 25-year horizons How operating in a monopolistic market shaped Meter's approach Why Meter scrapped a year of OS work during the R&D phase How Meter is rethinking networking's business model Surviving COVID, Apple's M1 transition, and “a thousand bad days” Anil's contrarian views on planning, OKRs, and management How founders can build companies they'll want to run for decades Where to find Anil: LinkedIn: https://www.linkedin.com/in/anilcv/ Twitter/X: https://x.com/acv Where to find Brett: LinkedIn: https://www.linkedin.com/in/brett-berson-9986094/ Twitter/X: https://twitter.com/brettberson Where to find First Round Capital: Website: https://firstround.com/ First Round Review: https://review.firstround.com/ Twitter/X: https://twitter.com/firstround YouTube: https://www.youtube.com/@FirstRoundCapital This podcast on all platforms: https://review.firstround.com/podcast References: ADT: ⁠https://www.adt.com⁠ Alex Honnold: ⁠https://www.alexhonnold.com⁠ Alex Tabarrok: ⁠https://x.com/ATabarrok⁠ ⁠alarm.com⁠: ⁠https://www.alarm.com⁠ Andreessen Horowitz (a16z): ⁠https://a16z.com⁠ Apple: ⁠https://www.apple.com⁠ Bloomberg: ⁠https://www.bloomberg.com⁠ Bryan Caplan: ⁠http://www.bcaplan.com/⁠ Cisco: ⁠https://www.cisco.com⁠ Coca-Cola: ⁠https://www.coca-colacompany.com⁠ George Mason University (GMU): ⁠https://www.gmu.edu⁠ Intel: ⁠https://www.intel.com⁠ Julia Galef: ⁠https://x.com/juliagalef⁠ Martin Casado: ⁠https://www.linkedin.com/in/martincasado/⁠ Meraki: ⁠https://meraki.cisco.com⁠ Meter: ⁠https://www.meter.com⁠ Michela Giorcelli: ⁠https://x.com/M_Giorcelli⁠ Nicholas Bloom: ⁠https://www.linkedin.com/in/nick-bloom-stanford/⁠ Raffaella Sadun: ⁠https://www.linkedin.com/in/raffaella-sadun-3a182225/⁠ Sanjit Biswas: ⁠https://www.linkedin.com/in/sanjitbiswas/⁠ Sunil Varanasi: ⁠https://www.linkedin.com/in/sunil-varanasi-662a01253/⁠ Tyler Cowen: ⁠https://www.linkedin.com/in/tyler-cowen-166718/⁠ Twitch: ⁠https://www.twitch.tv⁠ Timestamps: (01:27) Meter's unusual timeframes (04:06) “We don't do OKRs” (06:32) How to plan without planning (08:31) Track your unhappy customers (11:43) How Meter's journey began (15:02) Dissecting the 2010s SaaS boom (17:06) The networking industry trap (21:44) Meter's first roadblock (22:07) Why Shenzhen accelerated Meter's progress (26:29) The process to get a sales-ready product (31:02) Why you should own the full stack (32:45) The surprising thing you should innovate (35:03) Avoiding the one-trick pony trap (37:39) The secret to finding an excellent market (43:48) How COVID's constraints propelled growth (48:25) Why founders need to know their customers (49:34) Why Meter didn't sell via traditional channels (51:44) You need “seller-market fit” (54:51) The danger of meta-work (56:25) Decoupling management from authority (1:02:17) When the person is the problem (1:05:05) The inherent value of going slowly (1:09:41) Running a company for as long as possible

Everyone worries AI will take their job. Steve Lord thinks we'll hit a bigger wall first: power. Lord is COO of Burkland Associates, which works with Andreessen Horowitz and dozens of other top VC firms. Hear about the infrastructure bottleneck facing AI, what went wrong with crypto's original promise, and Lord's advice for founders trying to raise capital in today's market.

My guest today is David George. David is a General Partner at Andreessen Horowitz, where he leads the firm's growth investing business. His team has backed many of the defining companies of this era – including Databricks, Figma, Stripe, SpaceX, Anduril, and OpenAI – and is now investing behind a new generation of AI startups like Cursor, Harvey, and Abridge. This conversation is a detailed look at how David built and runs the a16z growth practice. He shares how he recruits and builds his team a “Yankees-level” culture, how his team makes investment decisions without traditional committees, and how they work with founders years before investing to win the most competitive deals. Much of our conversation centers on AI and how his team is investing across the stack, from foundational models to applications. David draws parallels to past platform shifts – from SaaS to mobile – and explains why he believes this period will produce some of the largest companies ever built. David also outlines the models that guide his approach – why markets often misprice consistent growth, what makes “pull” businesses so powerful, and why most great tech markets end up winner-take-all. David reflects on what he's learned from studying exceptional founders and why he's drawn to a particular type, the “technical terminator.” Please enjoy my conversation with David George. For the full show notes, transcript, and links to mentioned content, check out the episode page ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠.⁠⁠⁠⁠⁠⁠⁠⁠ ----- This episode is brought to you by⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Ramp⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Ramp's mission is to help companies manage their spend in a way that reduces expenses and frees up time for teams to work on more valuable projects. Go to⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ramp.com/invest to sign up for free and get a $250 welcome bonus. ----- This episode is brought to you by⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Ridgeline⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Ridgeline has built a complete, real-time, modern operating system for investment managers. It handles trading, portfolio management, compliance, customer reporting, and much more through an all-in-one real-time cloud platform. Head to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ridgelineapps.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more about the platform. ----- This episode is brought to you by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠AlphaSense⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. AlphaSense has completely transformed the research process with cutting-edge AI technology and a vast collection of top-tier, reliable business content. Invest Like the Best listeners can get a free trial now at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Alpha-Sense.com/Invest⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and experience firsthand how AlphaSense and Tegus help you make smarter decisions faster. ----- Editing and post-production work for this episode was provided by The Podcast Consultant (⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://thepodcastconsultant.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠). Show Notes: (00:00:00) Welcome to Invest Like The Best (00:04:00) Meet David George (00:03:04) Understanding the Impact of AI on Consumers and Enterprises (00:05:56) Monetizing AI: What is AI's Business Model (00:11:04) Investing in Robotics and American Dynamism (00:13:31) Lessons from Investing in Waymo (00:15:55) Investment Philosophy and Strategy (00:17:15) Investing in Technical Terminators (00:20:18) Market Leaders Capture All of the Value Creation (00:24:56) The Maturation of VC and Competitive Landscape (00:28:18) What a16z Does to Win Deals (00:33:06) David's Daily Routine: Meetings Structure and Blocking Time to Think (00:36:34) Why David Invests: Curiosity and Competition (00:40:12) The Unique Culture at Andreessen Horowitz (00:42:46) The Perfect Conditions for Growth Investing (00:47:04) Push v. Pull Businesses (00:49:19) The Three Metrics a16z Uses to Evaluate AI Companies (00:52:15) Unique Products and Unique Distribution (00:54:55) Tradeoffs of the a16z Firm Structure (00:59:04) a16z's Semi-Algorithmic Approach to Selling (01:00:54) Three Ways Startups can Beat Incumbents in AI (01:03:44) The Kindest Thing

This week, we discuss the Cloudflare outage, their current business strategy, and paying OSS maintainers. Plus, thoughts on loading the dishwasher and managing your home. Watch the YouTube Live Recording of Episode (https://www.youtube.com/live/byFyPbe9HC0?si=DpOApdTKs9oh-bWl) 548 (https://www.youtube.com/live/byFyPbe9HC0?si=DpOApdTKs9oh-bWl) Runner-up Titles Mystery Knob Vegans are cursed vegetarians Skilled enough Defrag the dishwasher Design Intentions QR codes everywhere I don't know where we draw the line, but I know where we start SDT IoT CMBD, Home Edition. SDT Open Source Money Maker Lead with Nagware Stocks go up, stocks go down Safari's my naked browser Coté wanted to add periods to all of these but did not. Rundown FFmpeg to Google: Fund Us or Stop Sending Bugs (https://thenewstack.io/ffmpeg-to-google-fund-us-or-stop-sending-bugs/) Cloudflare blames massive internet outage on 'latent bug' (https://techcrunch.com/2025/11/18/cloudflare-blames-massive-internet-outage-on-latent-bug/) Cloudflare outage on November 18, 2025 (https://blog.cloudflare.com/18-november-2025-outage/) Replicate is joining Cloudflare (https://blog.cloudflare.com/replicate-joins-cloudflare/) Relevant to your Interests The Walt Disney Company Announces Multi-Year Distribution Agreement With YouTube TV (https://thewaltdisneycompany.com/the-walt-disney-company-announces-multi-year-distribution-agreement-with-youtube-tv/) Anthropic claims of Claude AI-automated cyberattacks met with doubt (https://www.bleepingcomputer.com/news/security/anthropic-claims-of-claude-ai-automated-cyberattacks-met-with-doubt/) Disrupting the first reported AI-orchestrated cyber espionage campaign (https://www.anthropic.com/news/disrupting-AI-espionage) Compact, human-readable serialization of JSON data for LLM prompts (https://github.com/toon-format/toon) Outage Tracker | Updog By Datadog (https://updog.ai/) Jeff Bezos Creates A.I. Start-Up Where He Will Be Co-Chief Executive (https://www.nytimes.com/2025/11/17/technology/bezos-project-prometheus.html) Power (https://a16z.com/powerpoint-is-your-therapist-gamma-is-your-coach/)P (https://a16z.com/powerpoint-is-your-therapist-gamma-is-your-coach/)oint is your therapist, Gamma is your coach | Andreessen Horowitz (https://a16z.com/powerpoint-is-your-therapist-gamma-is-your-coach/) Red Hat Introduces Project Hummingbird for “Zero-CVE” Strategies (https://www.redhat.com/en/about/press-releases/red-hat-introduces-project-hummingbird-zero-cve-strategies) A new era of intelligence with Gemini 3 (https://blog.google/products/gemini/gemini-3/) The platform that needs a platform (https://cote.io/2025/11/19/the-platform-that-needs-a.html) The AI Coding Startup Favored by Tech CEOs Is Now Worth $29.3 Billion (https://www.wsj.com/tech/ai/the-ai-coding-startup-favored-by-tech-ceos-is-now-worth-29-3-billion-14c72c02) The Smartest Fliers Use This App to Survive America's Travel Hell (https://www.wsj.com/tech/personal-tech/flighty-app-flight-cancellations-delays-900a8aad) Oracle's Market Cap Decline: Analyzing the Impact on Finance (https://platformonomics.com/2025/11/platformonomics-tgif-108-november-14-2025/) OpenAI's Fidji Simo Plans to Make ChatGPT Way More Useful—and Have You Pay For It (https://www.wired.com/story/fidji-simo-is-openais-other-ceo-and-she-swears-shell-make-chatgpt-profitable/) Europe's cookie nightmare is crumbling (https://www.theverge.com/news/823788/europe-cookie-prompt-browser-changes-proposal) Nonsense AI-Powered Teddy Bear Caught Talking About Sexual Fetishes and Instructing Kids How to Find Knives (https://gizmodo.com/ai-powered-teddy-bear-caught-talking-about-sexual-fetishes-and-instructing-kids-how-to-find-knives-2000687140) Whipped Cream Worth $80K Stolen in Ontario (https://www.yahoo.com/news/articles/whipped-cream-worth-80k-stolen-135930616.html) Conferences DevOpsDayLA at SCALE23x (https://www.socallinuxexpo.org/scale/23x), March 6th, Pasadena, CA Use code: DEVOP for 50% off. CFP open until Dec. 1st. SDT News & Community Join our Slack community (https://softwaredefinedtalk.slack.com/join/shared_invite/zt-1hn55iv5d-UTfN7mVX1D9D5ExRt3ZJYQ#/shared-invite/email) Email the show: questions@softwaredefinedtalk.com (mailto:questions@softwaredefinedtalk.com) Free stickers: Email your address to stickers@softwaredefinedtalk.com (mailto:stickers@softwaredefinedtalk.com) Follow us on social media: Twitter (https://twitter.com/softwaredeftalk), Threads (https://www.threads.net/@softwaredefinedtalk), Mastodon (https://hachyderm.io/@softwaredefinedtalk), LinkedIn (https://www.linkedin.com/company/software-defined-talk/), BlueSky (https://bsky.app/profile/softwaredefinedtalk.com) Watch us on: Twitch (https://www.twitch.tv/sdtpodcast), YouTube (https://www.youtube.com/channel/UCi3OJPV6h9tp-hbsGBLGsDQ/featured), Instagram (https://www.instagram.com/softwaredefinedtalk/), TikTok (https://www.tiktok.com/@softwaredefinedtalk) Book offer: Use code SDT for $20 off "Digital WTF" by Coté (https://leanpub.com/digitalwtf/c/sdt) Sponsor the show (https://www.softwaredefinedtalk.com/ads): ads@softwaredefinedtalk.com (mailto:ads@softwaredefinedtalk.com) Recommendations Brandon: The Beast in Me (https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.netflix.com/title/81427733&ved=2ahUKEwiy4NnP_P6QAxWGnWoFHU37GesQFnoECGcQAQ&usg=AOvVaw0QnhTLbjScTHWLLBI4qs26) Matt: The Prestige (https://www.imdb.com/title/tt0482571/) Coté: Fantastic 4 (https://en.wikipedia.org/wiki/The_Fantastic_Four:_First_Steps) with that Boba Fet (https://en.wikipedia.org/wiki/The_Fantastic_Four:_First_Steps)t (https://en.wikipedia.org/wiki/The_Fantastic_Four:_First_Steps) guy (https://en.wikipedia.org/wiki/The_Fantastic_Four:_First_Steps), “Winter's Mourning,” from Uncaged God (https://www.dmsguild.com/en/product/382873/uncaged-goddesses)d (https://www.dmsguild.com/en/product/382873/uncaged-goddesses)esses (https://www.dmsguild.com/en/product/382873/uncaged-goddesses). Photo Credits Header (https://unsplash.com/photos/gray-and-white-spoon-and-fork-lot-closeup-photo-vZZfVCUOKfw)

We explore how Wisconsin is emerging as a new destination for filmmakers. We sit down with filmmaker Nathan Deming and veteran studio executive Suzanne Jurva, two key voices behind the recent passage of groundbreaking film incentive legislation in the state. Together, they break down how this bipartisan initiative came to life, what it means for the state's creative economy, and why it could serve as a model for regional film development elsewhere.Nathan shares his experience shooting in Wisconsin while splitting time between LA and the Midwest, and how the lack of infrastructure highlighted the need for change. Suzanne, whose career spans DreamWorks, independent film, and tech, discusses how her studio background shaped her advocacy efforts and why she believes the state is uniquely positioned to support both indie and studio-level productions. This episode dives into the real challenges of regional filmmaking—from crew access to gear rental—and how smart, community-driven policy can unlock growth. We also explore the early impact of these changes, the importance of post-production and training ecosystems, and the broader economic ripple effect of investing in film. About WrapbookWrapbook is a smart, intuitive platform that makes production payroll and accounting easier, faster, and more secure. We provide a unified payroll platform that seamlessly connects your entire team—production, accounting, cast, and crew—all in one place.Wrapbook empowers production teams to manage projects, pay cast and crew, track expenses, and generate data-driven insights, while enabling workers to manage timecards, track pay, and onboard to new projects from any device. Wrapbook brings clarity and dependability to production payroll, while increasing the productivity of your whole team.For crew: The Wrapbook app eliminates the headaches of production payroll by providing a fast, transparent, and secure solution for workers to complete startwork, submit timecards, and track pay.Trusted by companies of all sizes, Wrapbook powers payroll for some of the industry's top production companies, including SMUGGLER, Tuff, and GhostRobot. Our growing team of 250+ people includes entertainment and technology experts from SAG-AFTRA, DGA, IATSE, Teamsters, Amazon, Microsoft, Facebook, and more.Wrapbook is backed by top-tier investors, including Jeffrey Katzenberg's WndrCo, Andreessen Horowitz, and A* Capital.Get started at https://www.wrapbook.com/

Please enjoy this encore of Caveat. This week, we are joined by ⁠Michele Kellerman⁠, Cybersecurity Engineer for Air and Missile Defense at ⁠Johns Hopkins University Applied Physics Lab⁠ discussing Women's health apps and the legal grey zone that they create with HIPAA. Ben has the story of the potential sale of TikTok to U.S. investors. Dave's got the story of a looming deadline on renewal of a key cybersecurity information sharing bill. While this show covers legal topics, and Ben is a lawyer, the views expressed do not constitute legal advice. For official legal advice on any of the topics we cover, please contact your attorney.  Links to today's stories: ⁠Trump turns Biden's TikTok law into a big win⁠ ⁠Cyber threat information law hurtles toward expiration, with poor prospects for renewal⁠ ⁠Get the weekly Caveat Briefing delivered to your inbox. Like what you heard? Be sure to check out and subscribe to our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Caveat Briefing⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, a weekly newsletter available exclusively to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠N2K Pro⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ members on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠N2K CyberWire's⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ website. N2K Pro members receive our Thursday wrap-up covering the latest in privacy, policy, and research news, including incidents, techniques, compliance, trends, and more. This week's ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Caveat Briefing⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ covers ⁠⁠⁠⁠⁠the ⁠Trump administration's⁠ approval of a long-awaited deal for ByteDance to divest from TikTok, transferring majority ownership — and control of its recommendation algorithm — to a U.S.-led group including Oracle, Silver Lake, and Andreessen Horowitz. The Department of Justice also kicked off its major antitrust case against Google's ad tech business, seeking a forced divestiture of its AdX exchange and potential structural changes to restore competition in the online advertising market. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Curious about the details? Head over to the ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Caveat Briefing⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ for the full scoop and additional compelling stories. Got a question you'd like us to answer on our show? You can send your audio file to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠caveat@thecyberwire.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Hope to hear from you. Learn more about your ad choices. Visit megaphone.fm/adchoices

Reflections from international school leaders on ethics, practice, and what the future may hold. About Warren Apel Warren is the Director of Technology at The American School in Japan, co-founder of the edtech startups Scholastico and Ecoballot, and Global Project Coordinator for the World Digital Schools Project. With over 20 years of experience in international education, he has served at schools in Japan, India, Egypt, and the Netherlands. Warren is a Google for Education Certified Innovator, Apple Distinguished Educator, and National Board Certified Teacher. A frequent presenter at NESA, EARCOS, ECIS, ISTE, Google, and Apple education events, he brings expertise in AI in education, K–12 cybersecurity, technology integration, data analysis, and teacher training. His mission is to improve learning through the purposeful and well-managed use of technology. Warren Apel on Social Media LinkedIn: https://www.linkedin.com/in/warrenapel/  School Website: https://www.asij.ac.jp/ About Greg Clinton Greg Clinton is the Head of School at the American International School Chennai. Before this role, he served as Director of Technologies and Research & Development at AISC and has taught literature and philosophy in schools and universities across Peru, India, Sudan, Japan, and the United States, including Stony Brook University and Colegio Franklin Delano Roosevelt in Lima. Greg is the co-founder of IB Score Reports, an educational data service used by over 200 schools worldwide. He holds a Master's degree in Philosophy and a PhD in Comparative Literary and Cultural Studies. Greg is also a founding member of the global AI in Education Collaborative and leads the Near East South Asia Council of Overseas Schools (NESA) digital school project. Greg Clinton on Social Media LinkedIn: https://www.linkedin.com/in/greg-clinton/  School Website: https://www.aischennai.org/ Resources If you're interested in tracking trends of which AI models are gaining popularity, this report from Andreessen Horowitz is excellent. https://a16z.com/100-gen-ai-apps-5/ Podcast episode with author David Yeager (People I Mostly Admire ep 160 How to Help Kids Succeed) (web link) It gets into how non-cognitive skills—like self-regulation, agency, and focus—are foundational to student success. It explores why simply limiting screen time or enforcing rules isn't enough, and instead emphasizes building environments that foster long-term habits and motivation. His book 10 to 25: The Science of Motivating Young People: A Groundbreaking Approach to Leading the Next Generation―And Making Your Own Life Easier unpacks this even more.  It's not hard to make the connection between top-down rules about screen time and top-down rules about using AI. If parents or teachers want kids to obey the rules, we need to give kids agency and involve them in setting their own boundaries. Ryan Tannenbaum The Scout Mindset: Why Some People See Things Clearly and Others Don't, by Julia Galef John Mikton on Social Media LinkedIn: https://www.linkedin.com/in/jmikton/ Twitter: https://twitter.com/jmikton Web: beyonddigital.org Dan Taylor on social media: LinkedIn: https://www.linkedin.com/in/appsevents  Twitter: https://twitter.com/appdkt  Web: www.appsevents.com Listen on: iTunes / Podbean / Stitcher / Spotify / YouTube Would you like to have a free 1 month trial of the new Google Workspace Plus (formerly G Suite Enterprise for Education)? Just fill out this form and we'll get you set up bit.ly/GSEFE-Trial  

What if everything we thought we knew about loyalty, leadership, and the future of work is about to be rewritten? In this episode of Start With a Win, Adam Contos sits down with Steve Cadigan - LinkedIn's first-ever Chief Human Resources Officer and one of the most respected minds in global talent strategy - to explore the shifting realities of today's workforce. From the rise of a restless generation to the untapped power of learning and mobility inside organizations, this conversation challenges leaders to think beyond old models of retention and success. It's a provocative look at how businesses can thrive amid constant change - and why the key to keeping your best people might be the very thing that sets them free.Steve Cadigan is a globally recognized talent advisor and founder of Cadigan Talent Ventures, a Silicon Valley firm that has worked with top organizations like Google, Intel, and the BBC. As LinkedIn's first CHRO, he guided the company through its IPO and shaped its culture, which later became the foundation for a Stanford University course. With over 25 years of HR leadership, he has advised leading VC and consulting firms such as Andreessen Horowitz, McKinsey, and Deloitte. A sought-after speaker and media expert, he frequently appears on Bloomberg, CBS, and CNBC and teaches at major universities. His book, Workquake, debuted as a #1 Amazon Hot New Release in 2021. Recognized annually since 2021 as a top 100 thought leader in talent, he serves on multiple boards and advisory panels, helping leaders craft innovative talent strategies. Having lived and worked in Singapore, Canada, and the U.S., he brings a global perspective to the future of work. Based in California, he enjoys coaching basketball and playing tennis.00:00 Intro02:15 This is my moment…have you found yours? 03:40 This is the last thing companies think about!05:05 Ways of winning without a team that has been together for a long time08:25 The need for this has accelerated! 11:01 A person is loyal to this13:30 CEOs need to do a better job in removing the silo thinking18:30 Would you rather…?20:50 Advice, listen up!23:30 I do this for my twinshttps://stevecadigan.com/https://www.linkedin.com/in/cadigan/  steve@cadiganventures.com https://www.tiktok.com/@stevecadigan?lang=en===========================Subscribe and Listen to the Start With a Win Podcast HERE:

Ian Krietzberg joins Peter to discuss the newest frontier in American campaign politics: the deep-pocketed, scorched-earth war against politicians who dare to regulate artificial intelligence. As Ian explains, Silicon Valley giants—from OpenAI to Andreessen Horowitz—are ponying up millions to kneecap Democrats pushing for oversight of these fast-growing, opaque, and increasingly powerful companies. See all the ways bp is investing in America at ⁠⁠⁠⁠⁠⁠⁠⁠bp.com/InvestingInAmerica⁠⁠⁠⁠⁠⁠⁠ . To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

We're joined by Tara Hein-Phillips, CEO and co-founder of Jolt—a film distribution company using AI, data, and performance marketing to reinvent how independent and documentary films find their audiences. With a background as Chief Product Officer at Sundance, where she launched the first virtual festival and co-founded Sundance Collab, Tara brings a rare blend of creative sensibility and digital strategy to the conversation.She shares how Jolt's Interest Delivery Network helps filmmakers identify and activate niche audiences through community partnerships, targeted events, and iterative data testing. From climbing doc Girl Climber to the upcoming Boston-set Cathedrals, each film receives a personalized rollout aimed at maximizing impact and viewership.We also explore how Tara's time at Sundance shaped her approach to Jolt, the role of festivals as modern-day marketing launches, and why sustainable careers for filmmakers require a mindset shift around budgets and reach. Tara offers a timely, thoughtful perspective on what it takes to connect stories to the people who need them most.About WrapbookWrapbook is a smart, intuitive platform that makes production payroll and accounting easier, faster, and more secure. We provide a unified payroll platform that seamlessly connects your entire team—production, accounting, cast, and crew—all in one place.Wrapbook empowers production teams to manage projects, pay cast and crew, track expenses, and generate data-driven insights, while enabling workers to manage timecards, track pay, and onboard to new projects from any device. Wrapbook brings clarity and dependability to production payroll, while increasing the productivity of your whole team.For crew: The Wrapbook app eliminates the headaches of production payroll by providing a fast, transparent, and secure solution for workers to complete startwork, submit timecards, and track pay.Trusted by companies of all sizes, Wrapbook powers payroll for some of the industry's top production companies, including SMUGGLER, Tuff, and GhostRobot. Our growing team of 250+ people includes entertainment and technology experts from SAG-AFTRA, DGA, IATSE, Teamsters, Amazon, Microsoft, Facebook, and more.Wrapbook is backed by top-tier investors, including Jeffrey Katzenberg's WndrCo, Andreessen Horowitz, and A* Capital.Get started at https://www.wrapbook.com/

Convicted felon Donald Trump got booed at an NFL game after our euphoric election. So the elites in Congress hit the panic button. This is World War III in America: oligarchy, Big Tech, and Democratic Senators obeying in advance.  Here to help us get back on track is Evgeny Finkel, a historian at Johns Hopkins University's School of Advanced International Studies, and the author of Intent to Destroy: Russia's Two-Hundred-Year Quest to Dominate Ukraine and other works on  the anatomy of evil. He shares his advice for building an opposition to fascism in the U.S. and what he fears more than a MAGA dictatorship–a civil war.  For our bonus episode this week, Gaslit Nation answers your questions about crisis, rising autocracy and more! To listen to the bonus, subscribe to our Patreon at the Truth-Teller level ($5/month) or higher. We are extremely grateful to our listeners who are keeping us afloat during very difficult economic circumstances. Every bit of support helps give us the freedom to tell the truth, so thank you again for making Gaslit Nation possible! Want to hear Gaslit Nation ad-free? Join our community of listeners for bonus shows, exclusive Q&A sessions, our group chat, invites to live events like our Monday political salons at 4pm ET over Zoom, and more! Sign up at Patreon.com/Gaslit!   Show Notes:   Intent to Destroy Russia's Two-Hundred-Year Quest to Dominate Ukraine https://www.hachettebookgroup.com/titles/eugene-finkel/intent-to-destroy/9781541604674/   Why We Must Inherit the Third American Revolution https://avantjournal.com/2024/04/08/why-we-must-inherit-the-third-american-revolution/   CLIP: Trump getting booed at an NFL game in Maryland: https://bsky.app/profile/acyn.bsky.social/post/3m5a7te2sva2q   CLIP: https://bsky.app/profile/thetnholler.bsky.social/post/3m4y34obdzk2o   CLIP: Sen. Angus King: "Standing up to Donald Trump didn't work" https://bsky.app/profile/atrupar.com/post/3m5bqhe6mrx26   CLIP: Q: Will you assure House Democrats they'll get a vote on ACA subsidies by a date certain? MIKE JOHNSON: Ah -- no. I'm not promising anyone anything. https://bsky.app/profile/atrupar.com/post/3m4xvxwbikg2h   CLIP: George Carlin – https://www.youtube.com/watch?v=PhqPHQcVeH0    Democrat Aftyn Behn's Chances of Winning GOP Tennessee House Seat—Polls https://www.newsweek.com/democrat-aftyn-behns-chances-of-winning-gop-tennessee-house-seat-polls-11024292   Aftyn Behn (D), Matt Van Epps (R), and four independent candidates are running in the special election for Tennessee's 7th Congressional District https://news.ballotpedia.org/2025/11/06/aftyn-behn-d-matt-van-epps-r-and-four-independent-candidates-are-running-in-the-special-election-for-tennessees-7th-congressional-district/   8 Senators Break Ranks With Democrats and Advance G.O.P. Plan to End Shutdown Two of them are retiring, and none of the others face re-election in 2026. https://www.nytimes.com/2025/11/10/us/politics/senators-democrat-shutdown-vote.html   Gil Duran: "In 2022, Peter Thiel protégé Balaji Srinivasan—formerly of Andreessen Horowitz and Coinbase—envisioned a Second American Civil War. He predicted it would be triggered by Bitcoin. This is how it would work" https://bsky.app/profile/gilduran.com/post/3m5decrbsv22n   NEWS: The UK is no longer sharing intelligence with the US about suspected drug trafficking vessels in the Caribbean because it does not want to be complicit in US military strikes and believes the attacks are illegal, sources familiar with the matter told CNN. https://bsky.app/profile/natashabertrand.bsky.social/post/3m5efzunquc2n   EVENTS AT GASLIT NATION: December 1st 4pm ET – Deaf Republic by Ilya Kaminsky + Total Resistance by H. Von Dach – Poetry and guerrilla strategy: tools for survival and defiance. Minnesota Signal group for Gaslit Nation listeners in the state to find each other: join here.  Vermont Signal group for Gaslit Nation listeners in the state to find each other: join here. Arizona-based listeners launched a Signal group for others in the state to connect, available here. Indiana-based listeners launched a Signal group for others in the state to join, available here. Florida-based listeners are going strong meeting in person. Be sure to join their Signal group, available here. Have you taken Gaslit Nation's HyperNormalization Survey Yet? Gaslit Nation Salons take place Mondays 4pm ET over Zoom and the first ~40 minutes are recorded and shared on Patreon.com/Gaslit for our community

Are markets starting to rotate out of tech? Jim Paulsen of Paulsen Perspectives weighs in as investors reassess the rally. On Capitol Hill, Emily Wilkins tracks the latest on the government shutdown. Mark Mahaney of Evercore ISI breaks down gig economy earnings and investor takeaways. Dana Telsey dives into retail and consumer trends. Plus, Kathy Boyle of Andreessen Horowitz joins to discuss the cooling AI trade and OpenAI's leadership drama. Also featuring travel disruptions with Phil LeBeau and a look at next week's catalysts with Adam Crisafulli of Vital Knowledge. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Andreessen Horowitz is pausing its Talent x Opportunity (TxO) fund and program, according to multiple sources. Several people who spoke to TechCrunch pointed out that its hiatus comes as top names in tech eliminate, cut, reframe, or completely walk back on prior public commitments related to diversity, equity, and inclusion. The Trump administration has threatened legal and political ramifications for businesses supporting anything that could be seen as DEI.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

On this week's Stansberry Investor Hour, Dan and Corey welcome Adrian Fenty to the show. Adrian is the founding managing partner of MaC Venture Capital, an early-stage venture-capital ("VC") firm investing in visionary founders. Before breaking into VC, Adrian was the mayor of Washington, D.C. from 2007 to 2011. Adrian kicks off the show by discussing how he transitioned from politics to VC, starting with investing in education-technology companies and working at established firm Andreessen Horowitz. As he explains, VC is still the Wild West of investing, so he searches to find "technical" founders with big ideas. Adrian also covers which sorts of companies MaC is invested in right now and how he helps them grow. (0:00) Next, Adrian talks about AI investing in the VC space – what conversations are happening and how companies are keeping up in this new and rapidly evolving ecosystem. He says that the U.S. is "building the future through technology," and it's drawing talent from all over the world. Adrian then discusses why he doesn't encourage early exits, the pattern of larger companies "acqui-hiring" AI engineers and founders from smaller companies, and how he finds promising startups to invest in. (17:26) Finally, Adrian talks politics. Once D.C.'s youngest mayor, he shares his thoughts on city governments and politicians not doing enough for their people, especially in terms of trying to reduce crime. His solution for this problem involves putting someone ambitious and qualified in charge of the efforts. Adrian says that, similar to management at successful companies, city officials need to tackle problems head on and not let them fester. He then finishes with a discussion about Americans "letting politicians off too easy," gives his opinion on the upcoming New York City mayoral election, and argues that the government needs to be held to higher standards. (35:20)

Iman Abuzeid, M.D., is the Co-founder and CEO of Incredible Health, the largest AI-native healthcare career marketplace, with AI voice agents Gale and Lyn used by over 1 million U.S. healthcare workers and 1,500 healthcare employers. Incredible Health's agentic technology transforms the experience and economics of healthcare hiring, with the average hospital reducing hiring times from 90 days to under 20 for permanent nurses.Iman is one of the few CEOs leading a unicorn startup, with a company valued at $1.65 billion that has raised $100M from Andreessen Horowitz and others. Iman's innovative leadership is recognized across dozens of awards, including TIME Magazine's TIME100 NEXT list in 2024. Iman is a MD and holds an MBA from The Wharton School of the University of Pennsylvania. In todays show we get to meet her, learn more about the success of Incredible Health and more! Learn more about your ad choices. Visit megaphone.fm/adchoices

Creative Strategies Senior Analyst Austin Lyons talks with TITV Host Akash Pasricha about Amazon's strong AWS results, its Trainium chip strategy against NVIDIA, and Apple's focus on the iPhone and services. We also talk with Emerald AI Founder & CEO Varun Sivaram about the startup's $18M raise and its software approach to solving the AI data center energy bottleneck. Crypto Reporter Yueqi Yang joins to discuss Kraken's soaring $20 billion valuation and the boom in crypto private markets, followed by Maven AGI Founder & CEO Jonathan Corbin, who talks about the crowded AI customer support space and his three-to-five-year timeline for AGI. Lastly, Venture Capital Reporter Natasha Mascarenhas breaks down Benchmark's "anti-Andreessen Horowitz" strategy and the implications of its new General Partner. The episode also features clips from The Information's WTF Summit with YouTube's Chief Business Officer Mary Ellen Coe and Tubi's CEO Anjali Sud.Articles discussed on this episode:https://www.theinformation.com/articles/benchmarks-ai-pressure-test-high-prices-smaller-stakes-poached-starhttps://www.theinformation.com/articles/stock-markets-crypto-rally-boosts-private-companieshttps://www.theinformation.com/articles/amazons-cloud-liftsTITV airs on YouTube, X and LinkedIn at 10AM PT / 1PM ET. Or check us out wherever you get your podcasts.Subscribe to: - The Information on YouTube: https://www.youtube.com/@theinformation4080/?sub_confirmation=1- The Information: https://www.theinformation.com/subscribe_hSign up for the AI Agenda newsletter: https://www.theinformation.com/features/ai-agenda

We sit down with Steven Fishman, a veteran in entertainment payroll and a Wrapbook team member. With more than 26 years of experience at companies like Media Services and Cast & Crew, Steven brings a wealth of institutional knowledge to the conversation. He shares the story of how he broke into the industry on Sunset Beach, and how he's since played a key role in serving nearly every format—from commercials and music videos to reality TV and high-budget streaming shows.Steven takes us behind the scenes of his decades in the business, reflecting on the evolution of entertainment payroll and the critical lessons he's learned—like why software readiness can make or break a company, and how strong industry relationships can be the key to long-term success. He also opens up about the importance of scalable, purpose-built tools for modern productions, explaining why Wrapbook's technology-first approach offers a refreshing contrast to the legacy systems he worked with for years.The episode explores how technology is raising expectations across the industry—from always-available support to feature-rich apps for crew members—and how Wrapbook is uniquely positioned to meet those demands.Join us for a candid, thoughtful conversation with someone who has not only witnessed the transformation of entertainment payroll firsthand, but who is also actively shaping its future.About WrapbookWrapbook is a smart, intuitive platform that makes production payroll and accounting easier, faster, and more secure. We provide a unified payroll platform that seamlessly connects your entire team—production, accounting, cast, and crew—all in one place.Wrapbook empowers production teams to manage projects, pay cast and crew, track expenses, and generate data-driven insights, while enabling workers to manage timecards, track pay, and onboard to new projects from any device. Wrapbook brings clarity and dependability to production payroll, while increasing the productivity of your whole team.For crew: The Wrapbook app eliminates the headaches of production payroll by providing a fast, transparent, and secure solution for workers to complete startwork, submit timecards, and track pay.Trusted by companies of all sizes, Wrapbook powers payroll for some of the industry's top production companies, including SMUGGLER, Tuff, and GhostRobot. Our growing team of 250+ people includes entertainment and technology experts from SAG-AFTRA, DGA, IATSE, Teamsters, Amazon, Microsoft, Facebook, and more.Wrapbook is backed by top-tier investors, including Jeffrey Katzenberg's WndrCo, Andreessen Horowitz, and A* Capital.Get started at https://www.wrapbook.com/

AGENDA: 05:17 OpenAI's Restructuring: Winners and Losers 17:17 Andreessen Horowitz's Raise $10BN in New Funds 26:38 Mercor Raises $350M at a $10BN Valuation 43:08 Spray and Pray: Does it Work: Data Breakdown 47:04 The Role of Option Checks Venture Capital 48:36 The Three Ways to Win in VC Today 54:26 Why IRR is a BS Metric and What Matters More 01:08:47 Amazon's Struggles: How Do They Return to Greatness in AI

After spending the last few weeks listening to Q3 earnings calls and product launches from the Magnificent 7 and their orbit, I think it's safe to say:We're approaching a fundamental shift where AI doesn't just scale operations—it enables radical personalization at scale. And this tension between “more” and “customized” will reshape how we communicate, campaign, and connect.Hi, are you new to Anchor Change? I'm Katie Harbath. Most people listen for the numbers. I listen for where product and policy are heading. And today's piece is a good example of the kinds of work I share in my newsletter every week. Subscribe today to get this kind of analysis right in your inbox.After listening to Salesforce's Mark Benioff talk about the future of customer service and Google's Sundar Pichai mention how browsing will change, here are six things that stood out to me—and what they mean for anyone navigating tech, politics, or the messy space between.1. Moving From Pages You Browse to Agents You BriefSalesforce calls it “the end of the do-not-reply era.” Google is reimagining search and Chrome as agentic interfaces. By next year, your customer won't scroll through your website—they'll ask a question, and an AI will answer on your behalf.What that means for you: If your content isn't structured for agents—clear product data, authenticated actions, safety guardrails—you're invisible in that conversation. Start designing for a “briefed” world now.2. The Democratization of Software DevelopmentNearly every company referenced how AI collapses the barrier between “having an idea” and “shipping something.” Andreessen Horowitz drew parallels to early YouTube: suddenly, anyone could create and distribute content without a studio. Now, anyone can build software without hiring developers.The catch: When everyone can create at scale, advantage shifts to orchestration—how seamlessly you connect identity, data, channels, and fulfillment. The magic isn't in making things; it's in making things work together reliably.3. Scale AND Personalization (Not Scale OR Personalization)After listening to these calls, this is the juxtaposition that intrigues me most. AI is enabling companies to reach a wider audience while simultaneously tailoring every interaction.* YouTube/Google is helping creators make episodic content shoppable—shortening the journey from “I'm interested” to “I bought it.”* Meta is optimizing ad delivery end-to-end, so advertisers just state their objective and the AI handles the rest.* Netflix's K-pop demon hunters became a surprise hit, showing studios need to move faster on merchandising cultural moments.For campaigns and advocacy: 2026 and 2028 will be the first elections where agentic stacks let you contact, persuade, and service constituents at unprecedented scale—but in messages that feel like they were written for each person. The transparency challenge here is huge.4. The Human Layer Isn't Going Away—It's ExpandingWhile it's popular to say that ”AI replaces people,” leaders kept describing AI as expanding what humans can handle:* Salesforce and Meta both argued you can finally answer every customer service inquiry—which means hiring more humans alongside automation, not fewer.* Sales changes too: AI lets your team pitch to more prospects and close faster. Same humans, exponentially more reach.The advantage isn't zero-human; it's right-human. To me, this means you put your best people where judgment, nuance, and relationships truly matter. Use agents to amplify their impact.5. Three Infrastructure Realities Shaping StrategyAcross every call and launch, no one could escape these these three elements that are impacting their next steps:* No One Has Enough Compute. Capacity planning is now a C-suite conversation. Every roadmap is gated by compute availability.* Energy Is Policy. OpenAI's framing was direct: building AI infrastructure requires a surge in skilled trades and electricity. “Unlocking electrons” is both an economic opportunity and a bottleneck—one that regulators will shape.* DC Proximity Is Now an Advantage. The industry that once prized distance from Washington is planting offices there. NVIDIA staged events in DC. Anthropic is opening an office. Policy fluency isn't optional anymore.Your move: Lock long-lead capacity early. Build relationships with policymakers before you need them. Align your safety and transparency practices with where regulation is heading, not where it is today.6. Platform Competition: The Creator Scramble Is Back* Substack is scaling fast, which means more content and harder discovery—echoing the early-2010s battle for creator loyalty that Facebook, Twitter and YouTube went through.* Meta frames a “third era” of social: friends (Era 1), creators (Era 2), and now a third era where AI-remixes change what gets made and how it spreads.* Google is pushing analytics and monetization tools to keep creators inside YouTube's ecosystem.What's happening: Platforms are competing for catalogs, not just users. More content means more moderation complexity. Global scale will stress those choices in ways we haven't seen yet.What This Means for Leaders in 2026* Design for agents, not just browsers. Your information architecture needs to answer questions, not just display pages.* Personalization is becoming table stakes. People will expect customized experiences. On the flip side, you'll need radical transparency about what you're saying to whom and how you'll be held accountable.* Invest where trust is created. The competitive edge isn't automation—it's knowing where to put your humans so they create relationships that matter.* Policy and capacity are product decisions now. You can't build a roadmap without thinking about compute, energy, and regulatory alignment.The Bigger QuestionWe're very close to witnessing a fundamental shift in how we interact with browsers, brands, and one another. Personalization at this level will change how we present information, the companies we work with to deliver it, and the necessary level of transparency about what we're doing.The companies getting this right won't be the ones who scale fastest or personalize best—they'll be the ones who figure out how to do both while earning trust along the way.What trend catches your eye the most and why? Tell me in the comments.Go DeeperIf you want to watch these events or read things yourself, here's all that I looked at:* Anthropic: Axios AI Keynote* Google: Q3 Earnings, New TV Features on YouTube and Alex Heath scoop on YouTube AI Re-Org and Layoffs* Meta: Q3 Earnings* Microsoft: Fiscal Year 2026 Q1 Earnings* Netflix: Q3 Earnings* NVIDIA: GTC Keynote* OpenAI: Dev Day Sam Altman Keynote* Salesforce: Dreamforce Investor and Analyst Session, Marketing Force and Conversation with David Sacks* Substack: Anchor Change with Katie Harbath is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Anchor Change with Katie Harbath at anchorchange.substack.com/subscribe

Is the AI boom already peaking? In this episode of The Newcomer Podcast, Eric, Madeline and Tom take a hard look at the hype cycle driving Silicon Valley's latest gold rush — from Andreessen Horowitz's record-breaking $25 billion year to Amazon's push to automate its entire workforce.We explore whether AI's trillion-dollar promise is real innovation, or if the cracks are already showing. From OpenAI's overblown math claims to Andrej Karpathy's “State of the Union” reflections, we break down what's really happening behind the headlines.

Unser Partner Scalable Capital ist der einzige Broker, den deine Familie zum Traden braucht. Bei Scalable Capital gibt's nämlich auch Kinderdepots. Alle weiteren Infos gibt's hier: scalable.capital/oaws. Alphabet knackt 100 Mrd. $ Umsatz. Börse jubelt. Microsoft & Meta investieren mehr in Rechenzentren - findet Börse doof. NVIDIA knackt 5.000 Mrd. $. FED senkt Zinsen. Deutsche Bank mit Rekord. Caterpillar & Bloom Energy wachsen. Adidas enttäuscht. Mercedes-Benz (WKN: 710000) hatte zuletzt viele Probleme: Zölle, China, E-Mobilität. Doch gerade auf dem wichtigen chinesischen Markt wollen sich die Stuttgarter von der Konkurrenz absetzen. Andreessen Horowitz sagt: Krypto wird institutioneller. Stablecoins werden Mainstream. Wir sagen: Krypto wird politischer. Trump startet nämlich sein nächstes Krypto-Projekt. Diesen Podcast vom 30.10.2025, 3:00 Uhr stellt dir die Podstars GmbH (Noah Leidinger) zur Verfügung.

Gross margins, GPUs, and the future of finance — this one's for the metrics nerds. CJ sits down with Sarah Wang, General Partner at Andreessen Horowitz, to talk about what happens when the traditional SaaS playbook collides with AI. Sarah shares how legacy benchmarks like payback period and burn multiple start to break down in a world where compute, not headcount, drives costs. She explains why sky-high gross margins can actually be an orange flag, how finance leaders can think about resource allocation between engineers and GPUs, and why the most valuable finance teams today are deeply operational. They also unpack what it's like partnering with AI-native founders, the evolution of pricing models as LLM costs drop, and whether we'll see a private trillion-dollar company anytime soon.—LINKS:on LinkedIn: https://www.linkedin.com/in/sarah-wang-59b96a7/Company: https://a16z.com/CJ on X (@cjgustafson222): https://x.com/cjgustafson222Mostly metrics: https://www.mostlymetrics.com—RELATED EPISODES:996 Culture, Exploding AI Bills & SaaS ChaosFrom Credit Karma to Notion: CFO Rama Katkar on Leading Finance Through Every Growth Stage5,762 Job Applications. Zero Offers.Thinking About Adding Payments to Your Software Product? Listen to This First!—TIMESTAMPS:(00:00:00) Preview and Intro(00:02:40) Sponsors – Fidelity Private Shares, Mercury, RightRev(00:05:50) Sarah Joins the Show(00:06:06) The Future of Excel in the Age of AI(00:08:24) Why Gross Margins Don't Tell the Whole Story(00:10:42) When Sky-High Margins Are an Orange Flag(00:12:57) Finance as a Strategic Lever in AI Companies(00:15:04) Sponsors – Tipalti, Aleph, Rillet(00:17:22) Partnering with AI-Native Founders(00:20:35) When Traditional SaaS Benchmarks Break Down(00:23:58) Forecasting and Financial Planning for Compute Costs(00:27:16) The Engineers-Versus-GPUs Trade-Off(00:30:29) Resource Allocation and Infrastructure Efficiency(00:33:47) How Pricing Models Evolve as LLM Costs Drop(00:37:15) Circular Finance: When Big Tech Funds Its Own Vendors(00:40:39) Metrics That Still Matter in AI-Driven Businesses(00:44:12) The Evolving Role of Finance Leaders(00:47:26) What “Operational Finance” Really Means(00:50:58) Building Sustainable Efficiency in AI Companies(00:54:03) Will We See a Private Trillion-Dollar Company?(00:55:33) Outro—SPONSORS:Fidelity Private Shares is the all-in-one equity management platform that keeps your cap table clean, your data room organized, and your equity story clear—so you never risk losing a fundraising round over messy records. Schedule a demo at https://www.fidelityprivateshares.com and mention Mostly Metrics to get 20% off.Mercury is business banking built for builders, giving founders and finance pros a financial stack that actually works together. From sending wires to tracking balances and approving payments, Mercury makes it simple to scale without friction. Join the 200,000+ entrepreneurs who trust Mercury and apply online in minutes at https://www.mercury.comRightRev automates the revenue recognition process from end to end, gives you real-time insights, and ensures ASC 606 / IFRS 15 compliance—all while closing books faster. For RevRec that auditors actually trust, visit https://www.rightrev.com and schedule a demo.Tipalti automates the entire payables process—from onboarding suppliers to executing global payouts—helping finance teams save time, eliminate costly errors, and scale confidently across 200+ countries and 120 currencies. More than 5,000 businesses already trust Tipalti to manage payments with built-in security and tax compliance. Visit https://www.tipalti.com/runthenumbers to learn more.Aleph automates 90% of manual, error-prone busywork, so you can focus on the strategic work you were hired to do. Minimize busywork and maximize impact with the power of a web app, the flexibility of spreadsheets, and the magic of AI. Get a personalised demo at https://www.getaleph.com/runRillet is the AI-native ERP modern finance teams are switching to because it's faster, simpler, and 100% built for how teams operate today. See how fast your team can move. Book a demo at https://www.rillet.com/metrics#RunTheNumbersPodcast #FinanceLeadership #AIinBusiness #VentureCapital #SaaSMetrics This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit cjgustafson.substack.com

Margit Wennmachers ist die vielleicht einflussreichste Storytellerin im Silicon Valley – tritt selbst aber nur selten vors Mikrofon: Dass sie heute bei Wunderbar Together zu Gast ist und Felix dafür in seiner Wohnung an der Upper West Side besucht hat, ist also eine besondere Ehre für uns. Als PR-Pionierin hat Margit das Tech-Storytelling neu erfunden – und im Hintergrund die Narrative einer Industrie geprägt. Jetzt startet ihr „drittes Karriere-Kapitel“ – uns erzählt sie, was sie vorhat.

The artificial intelligence boom has sparked one of the costliest building sprees in history. By 2028, investment in chips, servers and data centers could hit nearly $3 trillion, according to Morgan Stanley. To help fund the build-out, tech companies are taking on huge amounts of debt, raising concerns of a possible bubble. On the latest episode of the Bold Names podcast, Martin Casado, a general partner at Andreessen Horowitz, who leads the firm's $1.25 billion infrastructure practice, speaks to WSJ's Christopher Mims and Tim Higgins, about whether the industry's biggest bet in decades will deliver returns. Casado explains why he is optimistic about AI and how this moment compares to the internet buildout of the 1990s.   To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com. Check Out Past Episodes: The Google Exec Reinventing Search in the AI Era Condoleezza Rice on Beating China in the Tech Race: 'Run Hard and Run Fast' Why IBM's CEO Thinks His Company Can Crack Quantum Computing How Tubi Is Coming for Netflix and YouTube in the New Streaming Wars Let us know what you think of the show. Email us at BoldNames@wsj.com Sign up for the WSJ's free Technology newsletter. Read Christopher Mims's Keywords column. Read Tim Higgins's column. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Run the Numbers, CJ Gustafson sits down with Ivan Makarov, Operating Partner at Andreessen Horowitz and former VP of Finance at Webflow, to explore what it takes to build a finance function from scratch inside a fast-growing startup. Ivan shares lessons from the trenches—how to decide between outsourcing and hiring in-house, what makes a great first finance hire, and why early-stage companies often run out of cash before they run out of ideas. He also dives into fundraising pitfalls, audit readiness, and the tools that make up a modern finance stack. Beyond the spreadsheets, Ivan opens up about the shift from operator to venture partner, the value of helping founders avoid his past mistakes, and what makes an offsite actually work.—LINKS:Ivan Makarov on LinkedIn: https://www.linkedin.com/in/ivansmakarov/Andreessen Horowitz: https://a16z.com/CJ on X (@cjgustafson222): https://x.com/cjgustafson222Mostly metrics: https://www.mostlymetrics.comRELATED EPISODES:Webflow's VP Finance Ivan Makarov on Understanding Startup Equity:Portfolio Operations: This Is What You Actually Have To Do To Make Sure a Company Is Successful:Brex COO/CFO Michael Tannenbaum on Taking Risks996 Culture, Exploding AI Bills & SaaS Chaos—TIMESTAMPS:(00:00:00) Preview, Intro(00:01:18) Meet Ivan Makarov of Andreessen Horowitz & Episode Setup(00:02:39) Sponsor – Tipalti | Aleph | Rillet(00:06:51) From Webflow to Andreessen: Becoming an Operating Partner(00:09:19) When and Why Founders Hire Their First Finance Leader(00:12:52) Hiring Early in Complex or Regulated Industries(00:13:58) The First Finance Hire in 2025 vs. 2015(00:15:46) Sponsor – Fidelity Private Shares | Mercury | RightRev(00:19:02) The Many Hats of Finance Leaders & The Rise of RevOps(00:24:55) What Founders Look For: Startup DNA and Work Ethic(00:26:05) Grind Culture, Return to Office, and New Expectations(00:28:20) From BizOps to RevOps: How Finance Roles Are Evolving(00:31:57) The First 12 Months of a Finance Leader's Playbook(00:35:05) Choosing Audit Partners and Avoiding Hidden Costs(00:36:32) Why Startups Really Fail — Running Out of Cash(00:39:16) Cash Controls, Banking Diversification, and Fraud Prevention(00:43:48) Fundraising Red Flags: Metrics, Definitions, and Diligence(00:47:50) 409A Valuations, Equity Clarity & Candidate Questions(00:50:09) The Modern Finance Tech Stack & Gen 3 Tools(00:55:05) AI's Impact: Replacing Labor, Not People(01:00:00) Offsites, Team Building & The Future of Finance Leadership(01:02:28) Wrapping Up: Reflections, Gratitude & Closing Credits—SPONSORS:Tipalti automates the entire payables process—from onboarding suppliers to executing global payouts—helping finance teams save time, eliminate costly errors, and scale confidently across 200+ countries and 120 currencies. More than 5,000 businesses already trust Tipalti to manage payments with built-in security and tax compliance. Visit https://www.tipalti.com/runthenumbers to learn more.Aleph automates 90% of manual, error-prone busywork, so you can focus on the strategic work you were hired to do. Minimize busywork and maximize impact with the power of a web app, the flexibility of spreadsheets, and the magic of AI. Get a personalised demo at https://www.getaleph.com/runRillet is the AI-native ERP modern finance teams are switching to because it's faster, simpler, and 100% built for how teams operate today. See how fast your team can move. Book a demo at https://www.rillet.com/metricsFidelity Private Shares is the all-in-one equity management platform that keeps your cap table clean, your data room organized, and your equity story clear—so you never risk losing a fundraising round over messy records. Schedule a demo at https://www.fidelityprivateshares.com and mention Mostly Metrics to get 20% off.Mercury is business banking built for builders, giving founders and finance pros a financial stack that actually works together. From sending wires to tracking balances and approving payments, Mercury makes it simple to scale without friction. Join the 200,000+ entrepreneurs who trust Mercury and apply online in minutes at https://www.mercury.comRightRev automates the revenue recognition process from end to end, gives you real-time insights, and ensures ASC 606 / IFRS 15 compliance—all while closing books faster. For RevRec that auditors actually trust, visit https://www.rightrev.com and schedule a demo.#RunTheNumbersPodcast #StartupFinance #VentureCapital #CFOInsights #Leadership This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit cjgustafson.substack.com

How do you uncover what you can't see, especially when it's holding you back as a leader? Kevin talks with clinical psychologist and executive coach Marty Dubin about one of the most critical yet often overlooked leadership capabilities: self-awareness. Marty shares his comprehensive six-part model for self-awareness, providing leaders with a practical framework for deeper self-understanding. Kevin and Marty also discuss how our greatest strengths can become liabilities when overused, how blind spots can derail otherwise successful leaders, and how small, intentional changes in behavior can make an impact. Listen For 00:00 What are blind spots and why they matter 01:56 Introducing Marty Dubin and his background 03:57 How Blindspotting began 05:03 Why self-awareness is harder than we think 06:00 When strengths become blind spots 06:44 The Blindspotting self-awareness model 07:32 The six areas of self-awareness 08:56 Understanding motives 09:11 Identity and leadership 10:22 How identity forms and evolves 11:06 Role changes and identity shifts 12:37 Letting go of past identities 13:05 Imposter syndrome and transitions 15:08 Common blind spots around intellect 16:00 The four types of intelligence 18:04 Balancing intellect and decision-making 20:04 Self-awareness as the foundation of growth 20:52 Overusing strengths and their consequences 22:13 How to recognize when strengths stop working 23:21 Adapting strengths to situations 25:03 How to uncover and address blind spots 26:51 Coaching, awareness, and small tweaks 27:24 Practicing new behaviors Marty's Story: Martin Dubin is the author of Blindspotting: How to See What's Holding You Back As a Leader. He is a clinical psychologist, serial entrepreneur, business coach, and adviser to C-suite executives and Silicon Valley entrepreneurs. He has founded several companies, including a multimillion-dollar health-care company where he also served as CEO. With a doctorate in clinical psychology from the University of Denver, Dubin began his career in private practice as a psychotherapist for over a decade before moving to the business world as a founder and entrepreneur. Then, he launched the third act of his career, bringing his psychological training and business experience to the coaching space. His experience as an entrepreneur garnered consultation contracts with portfolio companies from Andreessen Horowitz and Sequoia venture capital firms. He lives in Colorado and New Mexico where he enjoys skiing and hiking in the mountains and the desert and continues his work with clients both individually and in corporate settings. https://www.martindubin.com/ https://www.blindspotting.com/ This Episode is brought to you by... Flexible Leadership is every leader's guide to greater success in a world of increasing complexity and chaos.  Book Recommendations Blindspotting: How To See What's Holding You Back as a Leader by Martin Dubin Mark Twain by Ron Chernow Like this? Reinventing Yourself as a Leader with John Hillen How to Find Your True Self in a Noisy World with Joshua Berry Podcast Better! Sign up with Libsyn and get up to 2 months free! Use promo code: RLP   Leave a Review If you liked this conversation, we'd be thrilled if you'd let others know by leaving a review on Apple Podcasts. Here's a quick guide for posting a review. Review on Apple: https://remarkablepodcast.com/itunes    Join Our Community If you want to view our live podcast episodes, hear about new releases, or chat with others who enjoy this podcast join one of our communities below. Join the Facebook Group Join the LinkedIn Group  

A question every startup founder has is, "When do I know when to keep going or throw in the towel?"Today, Tyler and Sterling sit down with ex Navy Seal and Olympian, Larsen Jensen, to talk about just that.Larsen is the founder of Harpoon Ventures, an investment firm focused on building companies that assist the armed forces. He is also the founder and CEO of Vector, a tech company focused on building products to assist the armed forces.Larsen talks about how he got into the Olympics, became a Navy Seal, and then started Harpoon, even when everyone thought he was crazy for going into military investing! He shares his lessons on perseverance, and what it takes to succeed.If you're a founder, you won't want to miss this!Chapters:(00:00:00) Intro(00:08:53) Becoming an Olympian(00:11:29) Meeting the President(00:15:34) Becoming a Navy SEAL(00:19:00) Survival Rates in BUD/S Training(00:22:28) How to know when to Quit(00:25:40) Navigating Startup Challenges(00:30:03) Why Larsen Started Harpoon Ventures(00:34:56) Government Sales Cycle Mentorship Program(00:37:48) Andreessen Horowitz(00:40:41) What Drives Larsen?——Check out Harpoon Ventures: www.harpoon.vcThis episode was brought to you by Pelion. Check them out here: pelionvp.com

Ben Horowitz founded Loudcloud in the middle of the dot-com bust and sold it for $1.6 billion, then led Andreessen Horowitz from its founding to $46 billion in committed capital. Ali Ghodsi co-founded Databricks, stepped in as CEO during a crisis, and led it to a valuation of over $100 billion.In this episode of “Boss Talk”, Ben and Ali join a16z General Partners Sarah Wang and Erik Torenberg to share founder war stories, how to hire and make deals, how to keep culture intense without burning employees out, and why founders should raise their ambitions even higher. ResourcesFollow Ali on X: https://x.com/alighodsiLearn more about Databricks: https://www.databricks.com/Follow Ben on X: https://x.com/bhorowitzFollow Sarah on X: https://x.com/sarahdingwangFollow Erik on X: https://x.com/eriktorenberg Stay Updated: If you enjoyed this episode, be sure to like, subscribe, and share with your friends!Resources:Find a16z on X: https://x.com/a16zSubscribe to a16z on Substack: https://a16z.substack.com/Find a16z on LinkedIn: https://www.linkedin.com/company/a16zListen to the a16z Podcast on Spotify: https://open.spotify.com/show/5bC65RDvs3oxnLyqqvkUYXListen to the a16z Podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/a16z-podcast/id842818711Follow our host: https://x.com/eriktorenberg Stay Updated:Find a16z on XFind a16z on LinkedInListen to the a16z Podcast on SpotifyListen to the a16z Podcast on Apple PodcastsFollow our host: https://twitter.com/eriktorenberg Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of the Investing in Integrity podcast, Ross Overline, CEO and co-founder of Scholars of Finance, welcomes Chris Lyons, President of Web3 Media at a16z Crypto, a division of Andreessen Horowitz. Chris shares his journey from music producer to tech investor and cultural connector, offering a rare perspective on how culture and innovation intersect in venture capital. You'll learn why mentorship extends beyond traditional relationships and how books, communities, and digital platforms can serve as powerful guides. Chris explains his “hide the wires” approach to driving blockchain adoption by simplifying complexity and focusing on user benefits. He also unpacks his service-first leadership philosophy, showing how adding value to others creates lasting impact. Chris also discusses the importance of staying grounded in high-stakes environments and why courage and belief are essential for turning ideas into reality.Meet Chris Lyons:Christopher Lyons is President of Web3 Media at a16z crypto, where he has shaped groundbreaking initiatives like the $400M Seed Fund and the Cultural Leadership Fund, Silicon Valley's first VC fund with all Black Limited Partners. A former sound engineer turned entrepreneur, Lyons bridges culture and technology, uplifting Black creators and fostering innovation. He serves on the boards of Yuga Labs, The James Beard Foundation, The Black Economic Alliance, and New Story Charity, while also founding Lyons Wine.

Performance pressure and role fatigue often make leaders shrink back. If you fear being “too much,” this episode shows how recalibration restores peace — so your full presence becomes a gift, not a burden.Have you ever held back an idea in a meeting, softened your words so they wouldn't sound “too passionate,” or dimmed your presence because you didn't want to overwhelm others? For many high-capacity humans, the fear of being “too much” quietly shapes their leadership and their life.In this episode of The Recalibration, Julie Holly unpacks why leaders shrink themselves — and how to break free. Through personal reflection on a lifetime of feeling self-conscious about her energy, and the cultural story of Marc Andreessen, who was criticized as brash and “too much” in the early internet era yet went on to shape Netscape and Andreessen Horowitz, Julie reframes what “too much” really means.From an Identity-Level Recalibration (ILR) lens, this fear usually comes from outdated roles: the Pleaser, who thinks it's safer to stay small than risk disapproval; the Peacekeeper, who confuses harmony with suppression; and the Perfectionist, who edits presence until it feels unthreatening. Neuroscience names this pattern social safety bias — the brain exaggerates the risk of rejection, so shrinking feels like safety. But what feels safe in the moment becomes suffocating over time.Here's the truth: You are not too much. You are exactly the right size for your assignment. ILR restores this identity, retraining your nervous system to hold presence without apology. Without recalibration, presence feels like performance. With recalibration, presence feels like peace.This episode is for every leader who feels role fatigue, decision fatigue, or the emptiness of success without fulfillment. It's not another mindset tactic or productivity hack — it's the root-level recalibration that makes every other tool effective.Today's Micro Recalibration:Where am I shrinking myself?What would it look like to bring my full presence without apology?How might my leadership create permission for others to expand?If this episode gave you language you've been missing, please rate and review the show so more high-capacity humans can find it. Explore Identity-Level Recalibration→ Follow Julie Holly on LinkedIn for more recalibration insights → Schedule a conversation with Julie to see if The Recalibration is a fit for you → Download the Misalignment Audit → Subscribe to the weekly newsletter → Join the waitlist for the next Recalibration cohort This isn't therapy. This isn't coaching. This is identity recalibration — and it changes everything.

A new report from Andreessen Horowitz and Mercury reveals where startups are actually putting their AI budgets — the top 50 applications, the trends driving spending, and what that means for the future of enterprise adoption. From creative tools to AI agents, we break down which categories are emerging as must-haves and why horizontal apps still dominate over niche solutions. We also explore how the next generation of “AI employees” is moving from hype to real budget line items. Plus, in the headlines: snags with OpenAI's much-anticipated AI device and the latest updates from Sora.Brought to you by:Is your enterprise ready for the future of agentic AI?⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Visit AGNTCY.org⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Visit Outshift Internet of Agents⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Try Notion AI today with Notion 3.0 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ntn.so/nlw⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠KPMG – Discover how AI is transforming possibility into reality. Tune into the new KPMG 'You Can with AI' podcast and unlock insights that will inform smarter decisions inside your enterprise. Listen now and start shaping your future with every episode. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.kpmg.us/AIpodcasts⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Blitzy.com - Go to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://blitzy.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to build enterprise software in days, not months Insightwise - AI for the entire consulting lifecycle ⁠⁠https://www.insightwise.ai/⁠⁠Robots & Pencils - Cloud-native AI solutions that power results ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://robotsandpencils.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Vanta - Simplify compliance - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://vanta.com/nlw⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Agent Readiness Audit from Superintelligent - Go to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://besuper.ai/ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠to request your company's agent readiness score.The AI Daily Brief helps you understand the most important news and discussions in AI. Subscribe to the podcast version of The AI Daily Brief wherever you listen: https://pod.link/1680633614Interested in sponsoring the show? nlw@aidailybrief.ai

The Sunday Times' tech correspondent Danny Fortson brings on Scott Kupor, managing partner of Andreessen Horowitz, to talk about why this boom is different from 2000 (1:50), if it is easier today to start a company (6:10), and why it is harder to get big (7:50), the rise of the “mullet” (9:20), why he wrote a book (12:00), why Y Combinator is important (13:20), the investor profiles it keeps (15:40), being “frenemies” with Y Combinator (17:05), the weirdness of venture capital competition (18:25), what goes wrong (20:00), dealing with ego (22:50), what happens when companies fail (24:05), whether Facebook should be broken up (26:50), the changes coming to antitrust laws (30:30), the opportunity to build a decentralised giant (32:00), managing conflict (34:05), and the importance of the “warm intro” (35:50). Hosted on Acast. See acast.com/privacy for more information.

All links and images can be found on CISO Series. This week's episode is hosted by David Spark, producer of CISO Series and Mike Johnson, CISO, Rivian. Joining them is Pavi Ramamurthy, global CISO and CIO, Blackhawk Network. In this episode: We can't promise safe, but we can promise ready Are we accidentally building security nightmares? Being held accountable for things you had no say in The safe space problem in vendor evaluation Huge thanks to our sponsor, Adaptive Security Sponsored by Adaptive Security — the first cybersecurity company backed by OpenAI. Adaptive helps security leaders defend against AI-powered social engineering threats like deepfakes, vishing, and GenAI phishing with advanced phishing simulations and next-generation security awareness training. Adaptive's new AI Content Creator enables teams to instantly convert threat intelligence and compliance updates into interactive, multilingual training — no instructional design required. Trusted by Fortune 500s and backed by Andreessen Horowitz and the OpenAI. Learn more at http://www.adaptivesecurity.com

Sriram Krishnan is an entrepreneur, venture capitalist, and former senior product leader at tech giants like Microsoft, Facebook, Twitter (now X), and Snap. Born in Chennai, India, he began his career at Microsoft before moving to Silicon Valley, where he contributed to product development at leading companies and later transitioned to venture capital as a General Partner at Andreessen Horowitz from 2021 to 2024, focusing on consumer and enterprise investments. In December 2024, President-elect Donald Trump appointed him as Senior Policy Advisor for Artificial Intelligence at the White House Office of Science and Technology Policy, tasked with advancing U.S. dominance in AI amid global competition. Krishnan co-hosted "The Aarthi and Sriram Show" podcast with his wife Aarthi Ramamurthy, interviewing tech leaders and exploring innovation topics. A prolific writer and speaker, he advocates for immigration reform to attract global talent, ethical AI development, and bridging technology with policy to foster economic growth. Shawn Ryan Show Sponsors: https://betterhelp.com/srs This episode is sponsored. Give online therapy a try at betterhelp.com/srs and get on your way to being your best self. https://bruntworkwear.com – USE CODE SRS https://calderalab.com/srs Use code SRS for 20% off your first order. https://meetfabric.com/shawn https://shawnlikesgold.com https://helixsleep.com/srs https://www.hulu.com/welcome https://ketone.com/srs Visit https://ketone.com/srs for 30% OFF your subscription order. https://moinkbox.com/srs https://patriotmobile.com/srs https://rocketmoney.com/srs https://ROKA.com – USE CODE SRS https://ziprecruiter.com/srs Sriram Krishnan Links: X personal - https://x.com/sriramk X official - https://x.com/skrishnan47 Website - https://sriramk.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

Ralph interviews New York Times reporter, David Gelles, about his new book, “Dirtbag Billionaire: How Yvon Chouinard Built Patagonia, Made a Fortune, and Gave It All Away.” Then, we welcome back former IRS commissioner, John Koskinen, to update us on how the Trump Administration is dismantling the IRS and stealing your personal information.David Gelles is a reporter on the New York Times climate team and he leads the Times's “Climate Forward” newsletter and events series. He is the author of The Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America—and How to Undo His Legacy, and his new book is Dirtbag Billionaire: How Yvon Chouinard Built Patagonia, Made a Fortune, and Gave It All Away.He [Yvon Chouinard] saw Patagonia as a role model for other corporations and believed that by running Patagonia in a different way, he could show that capitalism just didn't have to suck so much.David GellesThere's a paradox that runs through the pages of Dirtbag Billionaire and it's never fully resolved…It's the fact that Chouinard is an environmentalist who wants to reduce the impact of mankind on planet earth, and yet he runs a big, complicated clothing company that is taking a toll on the environment that he's trying to protect. He runs a company that in theory, he says, and in practice is largely doing, the work of funding grassroots activists and environmental conservation. But he's doing it by participating in the very capitalist system that is responsible for so much of the damage to our natural world. And the list goes on. These contradictions are what really has animated Chouinard and his executive team for all these years. They understand their own perfections. But unlike most, they are willing to really examine their own failings, to look it square in the eye, straight in the mirror, and try to figure out how to make things better.David GellesChouinard being a “dirtbag” is something he always identified as and he still does at a certain level. The great insult in his mind is being called a “billionaire.”David GellesJohn Koskinen served as the IRS Commissioner from 2013 to 2017.Lobbyists and corporations are very good at making sure that [tax advantages] always stayed. You never hear too often of tax advantages taken out of the code, what everybody argues about as new ones being put into the code.John KoskinenThese (IRS workers) are very skilled people who in fact have given up the opportunity to make two or three times more money in the private sector because they believe in public service.John KoskinenNews 9/19/25* Just weeks after David Ellison's Skydance Media completed their $8 billion takeover of Paramount Global, Ellison is setting his sights even higher – a proposed $70 billion acquisition of Warner Bros. Discovery, Variety reports. If this deal proceeds, it would mean that Ellison would control CNN in addition to CBS news, the latter of which he seemingly plans to place under the supervision of “anti-woke” arch-zionist media personality Bari Weiss. While true that cable news does not possess nearly as much clout as it did just a few years ago, this would represent a nearly unprecedented consolidation in that sector. Ellison and his lieutenants would wield a tremendous amount of influence in the media, which would translate to real impacts on the political process. It remains to be seen whether the Trump administration media regulators will take any action to block this deal. Based on their actions so far, it seems unlikely.* In more media news, ABC has indefinitely suspended Jimmy Kimmel Live!, which the comedian has hosted since 2003, after he criticized Trump and his allies for “capitaliz[ing]” on the murder of Charlie Kirk to score political points, CNN reports. Federal Communications Commission Chairman Brendan Carr threatened action up to and including revoking the broadcast license for ABC, which airs the program, or possibly blocking their merger with Nexstar. While Rolling Stone reports multiple executives at ABC and its parent company Disney, felt that Kimmel “had not actually said anything over the line,” they folded immediately under the threat of retaliation by the administration. This move represents a major contradiction of Carr's previously stated belief that “[the FCC] must dismantle the censorship cartel and restore free speech rights for everyday Americans.” Democrats are incensed at this attack on free speech, Congressman Ro Khanna is seeking to subpoena Carr to testify to the House Oversight Committee. Trump, feeling confident after claiming the scalp of both Kimmel and Colbert – two outspoken critics – is now calling for NBC to remove Jimmy Fallon and Seth Meyers, via Truth Social. Variety reports conservative media conglomerate Sinclair will “replace the Friday timeslot of ‘Jimmy Kimmel Live!' with a Charlie Kirk tribute special on its ABC affiliate stations — and is offering the special to all other ABC stations across the country.”* Regarding social media, the Wall Street Journal reports that the U.S. and China are nearing a deal on control of TikTok, under a framework in which “an investor consortium including Oracle... Silver Lake and Andreessen Horowitz” would acquire an 80% stake. Oracle is of course run by David Ellison's father, Larry Ellison, one of the richest men in the world, while Andreessen Horowitz is the venture capital firm of Trump ally Marc Andreessen. Silver Lake is another Silicon Valley private equity firm. This deal would finally put an end to the nebulous legal limbo created by Congress passing the TikTok ban and Trump refusing to enforce it. According to this report, the new company that would be created to run TikTok in America, “would also have an American-dominated board with one member designated by the U.S. government.”* The administration is seeking to shore up support in corporate America in other ways too. Trump has renewed his 2018 push to eliminate the reports businesses are mandated to issue on a quarterly basis, moving to a biannual reporting system. Trump argues that this shift would “cut costs and discourage shortsightedness on the part of publicly traded companies.” Others however believe that this change could be harmful to the economy, making companies less transparent and therefore increasing potential investor risk. The Securities and Exchange Commission (SEC) said it is “making Trump's proposal a priority.” This from Reuters.* More troubling signs are emerging in the U.S economy. Per Bloomberg, “Consumers in the top 10% of the income distribution accounted for 49.2% of total spending,” in the second quarter of 2025. This is the highest percentage of consumer spending accounted for by that demographic going back to 1989, according to an analysis of the Federal Reserve's Financial Accounts and Survey of Consumer Finance data conducted by Mark Zandi, chief economist for Moody's. Chandan Economics reports a spike in late rent payments in August, suggesting stress in the “financial health of renter households,” while for homeowners, Polymarket reports that even more people are searching "help with mortgage" on Google than during the 2008 housing crisis. This comes as only 1.3 million home building permits were issued in August, the lowest level since the Spring of 2020, according to economist and Washington Post columnist Heather Long. Taken together, this data paints a picture of an economy flailing, and kept afloat only by the very rich.* Speaking of the very rich, the first American Pope, Leo the XIV, condemned the precipitous rise in CEO pay compared to their employees. Leo remarked that CEOs now make “600 times more than what average workers are receiving," adding "What does that mean…If [money] is the only thing that has value anymore, then we're in big trouble." Specifically, Leo was referring to the proposed new compensation package for Tesla CEO Elon Musk, which could turn the billionaire into a trillionaire. This from Yahoo! Finance. Senator Bernie Sanders echoed this sentiment, writing “The Pope is exactly right. No society can survive when one man becomes a trillionaire while the vast majority struggle to just survive — trying to put food on the table, pay rent and afford health care. We can and must do better.”* Turning to Israel and Gaza, AP reports Jerry Greenfield of Ben & Jerry's is resigning from the company after 47 years. In a letter, Jerry explains that he could not “in good conscience” remain at Ben & Jerry's because their parent company – the British conglomerate Unilever – has been constraining his ability to advocate against the genocide in Gaza. Jerry writes “For more than 20 years under their ownership, Ben & Jerry's stood up and spoke out in support of peace, justice and human rights, not as abstract concepts, but in relation to real events happening in our world…It's profoundly disappointing to come to the conclusion that that independence, the very basis of our sale to Unilever, is gone.” This is the largest, but by no means only, rupture between Ben & Jerry's and Unilever; this report notes “In March Ben & Jerry's said that its CEO was unlawfully removed by Unilever in retaliation for the ice cream maker's social and political activism.” However, as Greenfield's departure illustrates, the founders have little recourse besides their public platform and resignation.* In a sign of Israel's waning influence in the Democratic Party, POLITICO reports Democratic public affairs “megafirm” SKDK has ended their $600,000 contract with the state of Israel which was supposed to run from April 2025 through March 2026. The firm's recent focus had been “pitching guests for news shows to hear Israel's side of the war in Gaza.” The firm has been tight-lipped on this decision, saying only the work “had run its course.” Yet, this decision comes directly on the heels of reporting that Stagwell, the parent company of SKDK, was involved in “setting up a bot program ‘to amplify pro-Israel narratives on Instagram, TikTok, LinkedIn, YouTube, and other platforms,'” as revealed in a Foreign Agents Registration Act filing.* On Wednesday, Senator Bernie Sanders crossed a major rhetorical rubicon, labeling Israel's actions in Gaza a “genocide.” In an op-ed appropriate titled “It Is Genocide,” Sanders cites the casualty totals – noting that “The full toll is likely much higher, with many thousands of bodies buried under the rubble” – along with the Israeli blockade on the enclave and their systematic destruction of Gaza's infrastructure, including hospitals, water and sanitation facilities and schools. Sanders also cites the genocidal intent expressed by Israeli leaders, through quotes like “the Gaza Strip should be flattened, and there should be one sentence for everyone there — death. We have to wipe the Gaza Strip off the map. There are no innocents there.” Sanders concludes this piece by warning that if the world fails to act, as during the Holocaust, Netanyahu and other “demagogues” will feel emboldened. History, Sanders writes “demands that the world act with one voice to say: enough is enough. No more genocide.” After Sanders' announcement, Vermont Congresswoman Becca Balint came out with her own statement accepting the genocide label. Zeteo reports a total of 20 members of Congress now say Israel is committing genocide.* Finally, to end on a positive note, on Monday the House passed the bipartisan Mental Health in Aviation Act, which seeks to “break down…barriers and support the mental health of our aviation workforce by changing the current rules which prevent aviation professionals from seeking mental health care by imposing unfair penalties on those who do,” according to a press release by the bill's Republican sponsor Pete Stauber. A press release from the Democratic sponsor, Sean Casten, reads “Aviators should not be unfairly penalized for seeking mental health care…The current system perpetuates a culture of silence, and it's past time that changes.” Some observers have attributed some credit for the passage of this bill to the comedian Nathan Fielder's series The Rehearsal, the latest season of which dealt extensively with the issue of aviators' mental health. While congressional staff have downplayed the show's influence, it seems hard to deny that at the very least it raised the profile of this pressing issue. Either way, hopefully this bill will make it safer to fly by removing the stigma from pilots seeking mental healthcare. Get full access to Ralph Nader Radio Hour at www.ralphnaderradiohour.com/subscribe

Sriram Krishnan is a venture capitalist who once served as general partner at Andreessen Horowitz. Now, he serves as White House Senior Policy Advisor for AI, where he has helped to develop President Trump's American AI Action Plan.  In a live interview with The Conversation host Dasha Burns at POLITICO's AI & Tech Summit, Krishnan discussed what it takes for the United States to win the AI race, how the White House wants to keep “wokeness” out of government-funded AI, and how artificial intelligence will be harnessed, regulated, and contested in the years ahead.  “We want to make sure that our ecosystem has market share, and if [China's] Huawei gets market share that means revenue, that means usage, it makes their chips better, it makes them set up to start exporting to other countries,” Krishnan said. Krishnan explains that the era of artificial intelligence is still very new, and while it closely resembles the early days of the internet, the Trump White House is working to make sure everyday Americans can make good use of the technology. “What I think about is how do we get more of what people here are seeing, which is AI making your lives better, making your work better and figuring out how to get us to economic prosperity.”  Plus, Playbook managing editor and in-house UK expert Jack Blanchard breaks down the significance of Trump's unprecedented second state visit to Great Britain and the president's close relationship with prime minister Keir Starmer. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's Headlines: Trump touched down in the UK for a rare second state visit, where King Charles is rolling out the red carpet even as protesters projected images of Epstein, Trump, and Prince Andrew onto Windsor Castle. Back home, Trump sued The New York Times for $15 million, claiming their endorsement of Kamala Harris in 2024 was an election hit job. Meanwhile, FBI Director Kash Patel got grilled in the Senate over Epstein, Charlie Kirk's assassination, and political meddling—he also bizarrely claimed Epstein only trafficked for himself. In Utah, the man accused of killing Kirk was charged with seven counts, with prosecutors seeking the death penalty. In New York, a judge tossed terrorism charges against the man who killed UnitedHealthcare's CEO but kept a murder charge intact. In darker news, Mississippi mourned the death of 21-year-old Trey Reed, whose body was found hanging on campus, while Missouri Republicans pushed through a new congressional map that wipes out a Democratic seat, part of a broader GOP redistricting wave. Elsewhere, a court ruled Fed Governor Lisa Cook can't be fired by Trump despite his attempts, and all eyes are on the Fed board's rate decision today. TikTok's U.S. takeover deal is nearly done, with Oracle, Andreessen Horowitz, and Silver Lake set to take an 80% stake and rebrand the app under a new U.S.-based entity. And finally, the Emmys had their best ratings in years, pulling 7.4 million viewers. Resources/Articles mentioned in this episode: The Guardian: Donald Trump lands in UK for second state visit as protesters gather in Windsor NYT: Trump Sues The New York Times For Articles Questioning His Success CNN: Takeaways from FBI Director Kash Patel's Senate hearing CNN: Live updates: Charlie Kirk shooting investigation, suspect Tyler Robinson hearing AP News: New York judge tosses terrorism charges against Luigi Mangione, lets murder count stand NBC News: Body of a Black student is found hanging from a tree in Mississippi NBC News: Missouri Legislature passes new Republican-drawn congressional map MO Independent: Judge hears arguments in case seeking to toss Missouri's new congressional maps CNBC: Bill Pulte's relatives claimed primary residence on two properties in two states Axios: Appeals court rules Fed governor Cook can continue to serve The Wrap: TikTok in Final Talks to Be Bought by Oracle, Silver Lake, Andreessen Horowitz Axios: Emmys hit four-year viewership high Morning Announcements is produced by Sami Sage and edited by Grace Hernandez-Johnson Learn more about your ad choices. Visit megaphone.fm/adchoices