He's the co-creator of Mosaic, the first widely used web browser, co-founder of Netscape, co-founder of the legendary Silicon Valley venture capital firm, Andreessen Horowitz, and is one of the most influential voices in the tech world, including at the intersection of technology and politics.This is the Lex Fridman podcast.
Tiene muchísimo poder. A pesar de esas estadísticas, vamos a Silicon Valley, por ejemplo, en donde la mitad de todas las inversiones en venture capital se realizan allí, acá, con mis vecinos en Silicon Valley.Y la mayoría de los que toman las decisiones son hombres, más del 90%.
to solve these problems-- and also giving them what they call psychological safety, a culture where nobody's laughed at, where you're given space to propose something unreasonable, Venture capital, seed capital, growth capital, all this is going through major transformation now.
The largest one would be Leveraged Buyouts, and I'll talk about that in a minute. Venture capital and growth equity would be about 20%.But LBOs would be over 60% of the money.
is we start to get some of the returns I'm hoping that will come back a little bit so I'm not I'm not giving up on that Venture model yet so I I have a little bit of a different take on the The Venture model because I think that I think that thereis a tremendous amount of value in it but I also think um in large scale um I think it it's gotten too large and I
know it's falling in line of the the startup so now I've got a little bit of that gloss on me and you know some Venture Capital like kind of knocking and I'm like okay you know like how how do I dothis now better than I did the first time around and the difference between
the same time the other big secular ship is the fact that financing of startups is chain so much so when I started my career as a venture capitalist in 2000 I remember like we would need to raise several million dollars just to get the site up and running just to get you knoweverything up and going these days and I'm sure many of you who work in startups or working on projects on the
At that point, they were switching from hot type to cold type, right? Venture capitalism has certainly changed a lot over the time that you've been reporting.
And something in you made you turn away from corporate life and essentially start something from scratch with no venture capital funding, which is somewhat rare in Japan.To what do you attribute that virus of entrepreneurship that's inside of you?
I'm sure you've thought a bit about that. Venture capital, this whole model of financing young people and having patient capital and
And that is, assume you are the C.E.O and founder of a high-tech start up that's been venture financed. You're a research and development firm, you don't manufacture devices yourself, you in fact license it out.Assume that you made a -- have a partner which is the, I've changed the names needless to say, the giant Bikouda Corporation. A very large Japanese company that has licensed
He said, "You know, I'd really love to take you up on your offer.” So I introduced him to a few people and I knew some folks from Chile and I knew some venture capitalists who might be interested in Latin America, and I helped him out.He ended up bringing an entourage of people to Stanford, including the president of the Chile, and I helped out with that a little bit.
elements of the clay. And so Gates Foundation who's been working with us on this um has helped us create a joint venture with IDO so that Acumen and IDO are now studying consumer behavior trying to understand whether there mightbe a new way of either changing the pots, changing the distribution system,
had burst and we're hiking up this trail we met a couple guys who had just lost her job because they were in tech venture capital in Silicon Valley and we were talking to him about their experience I wanted to read an excerptthe conversation that we had that day on the trail being laid off doesn't sound
um and I actually had my own little paragraph about John but I but I found another one uh on um on a Blog uh the Venture blog uh that describes uh John in the following way and I actually agree with with with all of this um thisis gonna be bad out the exactly exactly I'm a huge fan of John PA's uh John has spent the
ventures . Any work they do here will not be linked to official royal duties. When they step back from being working
Y, finalmente, hoy en día estoy otra vez de vuelta en América Latina con un fondo nuevo que creamos que se llama Kalei Ventures y también invertimos en emprendimientos, startups tecnológicos, en los espacios de fintech, educación,en agro, foodtech, en logística.
Entonces, creamos este fondo para poder aprovecharnos de nuestra experiencia colectiva como mujeres emprendedoras, consumidoras, inversoras y terminamos creando Rivet Ventures y validamos esta tesis, que si hay mucho apetito para productos y servicios que tienen ese componente de perspectivade diversidad mucho más temprano en el proceso de creación de productos.
Ventures . Brad is also a prolific speaker and writer.
ventured beyond their community.
Ventures you warn your readers against uh the seductive appeal of Simple Solutions to complex
Ventures does is help organizations become more productive by getting people
So venture capital is a world that depends on taking risks in the hope that you'll get a few of these extreme outliers
The venture capital community is unbelievably efficient at providing capital to entrepreneurs that have great ideas.
Because venture capitalists in New York aren't just as willing to fund a company that's valued at $15 million pre-market.
You venture outside of New England and it is-- you still see a lot of 12-ounce bottles, you see a lot of 12-ounce cans.
with venture capitalists angels.
No venture capitalist in history has ever valued anything, they have priced things.
entrepreneurial venture um onethird of usaid's $35 billion budget goes to the same three
social Venture she said I love the idea went and told all of her fellow teachers and in total they had about 18 teachers
Traditional venture capital is being challenged by a crowd-based venture capital where a platform aggregates promising companies, but the funding
So venture is an interesting word, because it has two meanings.
Raise venture capital. Work every night and weekend.
A venture capitalist will not normally consider strongly something which is called heavy lifting, where they
No venture capitalist in general, unless it's medical devices or health care, would expect to have their money last more than around 18
A venture capitalist is a middleman.
in venture capital here in New York.
You venture into a grocery store, and you're looking around for what you think is a white block.
Non-venture backed start-ups, like the Patels, do not take risk.
Watch venture capital, and I'll leave it at that.
Can venture into new lands where they can do some good.
I'm sure you've thought a bit about that. And venture capital has been an incredible factor in driving what is happening here.
the venture capital parts of our financial system we want to strengthen and parts of it that are involved in speculation we want to reduce.
Now apart from these issues of high politics, in business, there are now analogous issues people often face. For example, I've mediated a number of failed joint ventures where a -- there's been a terrible falling out between joint venture partners. The question is, should you negotiate with a joint venture partner who betrayed you?
His ventures span several successful exits, including acquisitions from the likes of WebMD and Labcorp.
new ventures in activating worker voice and work power.
lawyer maybe you can build a financial model like there's all these things that we're good at that we can contribute to entrepreneurial ventures that's part one part two is your process like how do you actually figure out whether or not you should engage in a particular venture right because once you get going and this takes a little while but like now I
of ventures that are usually software ventures that you can get out into the market with $50,000 or less of money,
I ventured out into this wider world to get a feel of where this technology shines and where it stumbles.
She ventured inside a wagon-like ride, and what did she find in there?