Stanford CS153 Frontier Systems | Ben Horowitz from a16z on Venture Capital Systems, Network Effects
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Anjney Midha welcomes Ben Horowitz, rewinding to the 2009 founding of Andreessen Horowitz as a venture capital “systems” innovation. Horowitz explains building a better product for entrepreneurs, scaling VC for a world with far more breakout tech companies, centralizing control while sharing economics to enable reorgs, and splitting into small groups for truth-seeking investment conversations. He describes early credibility via the Skype buyout, then bootstrapping a network-effect firm by reinvesting fees into relationships, including an HP Enterprise Briefing Center hack to meet major corporations.
They discuss AI changing moats by making capital and compute decisive, the importance of culture as shared actions and decisive leadership, updated VC bottlenecks like electricity, saying no to AI-driven LBOs, career advice for students, political engagement for tech policy, and memorable pitches like Databricks.
Guest Speaker:
Ben Horowitz is the co-founder and general partner at the venture capital firm Andreessen Horowitz (a16z), founded with Marc Andreessen in 2009. He is the author of the New York Times bestsellers The Hard Thing About Hard Things and What You Do Is Who You Are. He created the a16z Cultural Leadership Fund, which connects cultural leaders to top technology companies and works to bring more young African Americans into the tech industry. Prior to a16z, he was cofounder and CEO of Opsware (formerly Loudcloud), which was acquired by Hewlett-Packard for $1.6 billion in 2007, after which he served as VP and GM of Business Technology Optimization for Software at HP. Earlier, he was VP and GM of America Online's E-commerce Platform division, where he oversaw the Shop@AOL service, and previously ran several product divisions at Netscape Communications. He began his career as an engineer at Silicon Graphics in 1990. He holds a B.A. in Computer Science from Columbia University and an M.S. in Computer Science from UCLA. Born in London and raised in Berkeley, California, he lives in Las Vegas with his wife Felicia Wiley Horowitz.
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