Invest Like the Best with Patrick O'Shaughnessy
Description
My guest today is Ben Horowitz, the co-founder of Andreessen Horowitz. Since its founding in 2009, a16z has grown into one of the most influential firms in venture capital, reshaping how technology companies are funded and how power and ideas move through Silicon Valley and around the world.
This conversation focuses on sides of Ben’s story you don’t often hear. Ben reflects on the people who shaped him, including Nas, Andy Grove, and his father, and shares why he chose to personally fund new technology for the Las Vegas Police Department.
We also talk about how he thinks about a16z’s responsibility in shaping the trajectory of America, the scale of his ambition for the firm, and what he sees as the biggest risk facing the country.
Please enjoy this great and unique conversation with Ben Horowitz.
For the full show notes, transcript, and links to mentioned content, check out the episode page here.
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This episode is brought to you by Vanta. Trusted by thousands of businesses, Vanta continuously monitors your security posture and streamlines audits so you can win enterprise deals and build customer trust without the traditional overhead. Visit vanta.com/invest.
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This episode is brought to you by Rogo. Rogo is an AI-powered platform that automates accounts payable workflows, enabling finance teams to process invoices faster and with greater accuracy. Learn more at Rogo.ai/invest.
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This episode is brought to you by WorkOS. WorkOS is a developer platform that enables SaaS companies to quickly add enterprise features to their applications. Visit WorkOS.com to transform your application into an enterprise-ready solution in minutes, not months.
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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. Visit ridgelineapps.com.
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Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).
Timestamps
(00:00:00) Welcome to Invest Like the Best
(00:02:43) Episode Intro: Ben Horowitz
(00:03:27) The State of America Right Now
(00:06:06) How Policy Could Destroy America
(00:08:29) AI Changes the Laws of Company Building and Investing
(00:11:40) Why AI Researchers are Paid $100M
(00:13:16) Thoughts on Growing Inequality
(00:18:07) Societal Challenges Due to AI
(00:19:56) Ben’s Scope of Ambition for the Next 20 Years
(00:22:48) Andy Grove’s Influence on Ben
(00:27:44) Starting Andreessen Horowitz
(00:32:53) Early Mistakes
(00:36:17) What Capital Markets Are Missing
(00:37:44) Why VC and Not PE
(00:40:03) Tradeoffs with Scale
(00:41:10) A Culture is Not a Set of Ideas, it’s a Set of Actions
(00:43:05) Lessons from His Father
(00:45:03) Exciting Use Cases of AI
(00:46:46) Ben’s Friendship with Nas
(00:50:05) Funding New Technology for the Las Vegas Police Department
(00:54:07) The Kindest Thing