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    Technology

    Summation with Auren Hoffman

    Non-obvious ideas that move the world. Auren Hoffman hosts leaders across tech, business, markets, and government. 

    Summation is the permanent home for the relentlessly curious. 

    Auren is CEO of NQB8, GP at Flex Capital, Chairman of Dialog; former CEO of SafeGraph and LiveRamp (NYSE: RAMP).  

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    Copyright: © 2024 "World of DaaS"

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    Latest Episodes:
    SignalFire CEO Chris Farmer on why venture funds now last 20 years and the hiring boom behind the layoffs Jun 09, 2026
    Show notes

    Chris Farmer is the founder and CEO of SignalFire, an early stage venture firm managing over $3 billion.

    In this episode of Summation, Chris and Auren discuss:

    • why the time to return 1x has stretched to 9+ years and funds are lasting 20 years
    • the engineering hiring boom hiding behind the layoff headlines
    • the five functions of a VC firm and the one place data helps the least
    • why almost all conventional career advice is now bad

    You can find Auren Hoffman on X at @auren and Chris Farmer on X at @chriswfarmer



    GTMnow Podcast | Your First VC Meeting Will Be Agent-to-Agent Jun 02, 2026
    Show notes

    This episode is a rebroadcast of Auren's appearance on the GTMnow podcast

    ---------------------------------------------------

    Auren Hoffman (Flex Capital) joins the GTMnow podcast to share some of the most contrarian takes in tech today, from why AI moats are gone, to why your next VC meeting will be with a bot, to why AI is secretly going to trigger a baby boom.

    In this episode:

    • Why Auren runs 500+ AI agents to source deals, and what that means for founders raising capital
    • The "agent-to-agent" meeting prediction: by end of 2026, first VC conversations will be fully automated
    • Why every software moat has been "blown up" and what Salesforce, LinkedIn & DocuSign need to do to survive
    • The OpenAI x The Hustle acquisition breakdown: why it's the smartest (and cheapest) distribution play in AI
    • Why missing a great deal is 10x more painful than making a bad one, Auren's honest VC mistake framework
    • The baby boom thesis: why AI, IVF, self-driving cars & cheaper energy could reverse the fertility decline
    • Why companies won't sign yearly SaaS contracts anymore, and what that means for every B2B founder

    Auren Hoffman is the founder of NQB8, Flex Capital, SafeGraph, and LiveRamp. He's an early backer of Replit, Perplexity, Rippling, Vercel, Coinbase, Chime, and AppLovin.

    Max’s socials:

    https://x.com/hackitmax

    https://www.linkedin.com/in/maxaltschuler/

    Auren’s socials:

    https://x.com/auren

    https://www.linkedin.com/in/auren/

    https://auren.substack.com/

    GTMnow: https://gtmnow.com



    Serval CEO Jake Stauch: talent is the only moat left, hiring founders as FDEs, and building a $1B company with your wife and a newborn May 26, 2026
    Show notes

    Jake Stauch is the co-founder and CEO of Serval, the AI-native enterprise service management platform. Serval was founded in 2024 and has already raised over $125M across rounds led by Redpoint and Sequoia at a $1B+ valuation. Before Serval, Jake spent five years on the product team at Verkada and earlier founded NeuroPlus, a brain-sensing hardware company that made video games for kids with ADHD.

    In this episode of Summation, Jake and Auren discuss:

    • Why Anthropic has added more ARR in the past few months than ServiceNow has in the past 20 years
    • The "forward deployed engineer" hire and why he recruits future founders instead of solutions engineers
    • Why talent density is the only remaining moat in the age of AI
    • The Silicon Valley collusion around not poaching each other's employees

    You can find Auren Hoffman on X at @auren and Jake Stauch on X at @jakeserval



    Perplexity Chief Business Officer Dmitry Shevelenko on why curiosity is AI’s scarcest resource May 19, 2026
    Show notes

    Dmitry Shevelenko is Chief Business Officer at Perplexity. He previously co-founded Tortoise, a robotics and commerce automation startup and held business development roles at Uber, LinkedIn, and Meta. He also serves on the board of Lazard.

    In this episode of Summation, Dmitry and Auren discuss:

    • Why CEOs and executives are Perplexity Computer’s biggest power users and what that says about who wins the AI era
    • Scaling Perplexity past $500M ARR with only 34% headcount growth
    • The $34.5B Chrome bid and the TikTok bid before it
    • Why AI's biggest constraint right now is adoption and not capability

    You can find Auren Hoffman on X at @auren and Dmitry Shevelenko on X at @dmitry140


    Fundrise CEO Ben Miller: VCX, Roaring Kitty's revenge, and AI killing the office May 12, 2026
    Show notes

    Ben Miller is the co-founder and CEO of Fundrise, an alternative asset management platform that gives individual investors access to private real estate, private credit, and venture capital. In March 2026, he listed the Fundrise Innovation Fund on the NYSE under the ticker VCX, one of the first publicly traded venture capital funds. VCX gives retail investors direct exposure to private companies like Anthropic, OpenAI, Databricks, and SpaceX. The fund manages over $650 million and has over 100,000 individual investors. Ben is a returning Summation guest.

    In this episode of Summation, Ben and Auren discuss:

    • Why VCX traded up 700% on day one while Bill Ackman's fund traded down the next week
    • Why ETFs fall apart for private markets and closed-end funds are the right structure
    • How AI will reshape real estate by 2031 and which markets get hit hardest
    • The hidden truth that SoHo, Wynwood, and Miami Beach were all built by the same person

    You can find Auren Hoffman on X at @auren and Ben Miller on X at @benmillerise



    Six-time CIA Station Chief Ralph Goff on the new doctrine of war May 05, 2026
    Show notes

    Ralph Goff is a 35-year veteran of the CIA, having served as a six-time Chief of Station across Europe, the Middle East, and Central and South Asia. During his career, he also held the roles of Chief of Operations for Europe and Eurasia and Chief of the CIA's National Resources Division. Since leaving government, he advises on national security issues and speaks publicly on intelligence, geopolitics, and great power competition.

    In this episode of Summation, Ralph and Auren discuss:

    • Why blackmail almost never works in espionage and ideology still does
    • Who is actually dying for Putin
    • Why China is the biggest winner of the Ukraine war
    • How technological surveillance transformed CIA tradecraft

    You can find Auren Hoffman on X at @auren and Ralph Goff on Linkedin


    Glenn Youngkin on governing like a CEO, the AI power crisis, and why every operator should run for office​ Apr 28, 2026
    Show notes

    Glenn Youngkin was the 74th Governor of Virginia. Before politics, he spent nearly 25 years at The Carlyle Group, one of the largest private equity firms in the world, where he rose to co-CEO. During his four-year term, Virginia generated $10B in surplus revenue, delivered $9B in tax relief, attracted $156B in capital investment, and became one of the first states in the country to mandate cell-phone-free classrooms.

    In this episode of Summation, Glenn and Auren discuss:

    • Why every Virginia state agency got OKRs and how it transformed a 110,000-person government
    • Why decommissioning baseload power was one of the dumbest decisions ever made
    • How Loudoun County gets more than 25% of its tax base from data centers
    • How a startup used AI to cut more Virginia regulations in 7 months than 3 years of manual work

    You can find Auren Hoffman on X at @auren and Glenn Youngkin on X at @GlennYoungkin


    Thumbtack CEO Marco Zappacosta on why trades are AI-proof, the trillion-dollar home services market, and why software stopped being a capital asset Apr 21, 2026
    Show notes

    Marco Zappacosta is the co-founder and CEO of Thumbtack, the home services marketplace he started in 2008. Thumbtack connects homeowners to 300,000+ local service professionals, with nearly 100M projects started on the platform.

    In this episode of Summation, Marco and Auren discuss:

    • Why home services is bigger than groceries but barely any is booked online
    • How AI collapsed Thumbtack's product pod sizes
    • Why Silicon Valley underrates leadership and overrates management
    • The single trait to screen every executive hire for

    You can find Auren Hoffman on X at @auren and Marco Zappacosta on X at @mlz


    Eric Ries on why "bad governance" outperforms, the case against shareholder primacy, and AI's Chernobyl moment Apr 14, 2026
    Show notes

    Eric Ries created the Lean Startup methodology and authored the bestselling book of the same name, which has sold over a million copies. He's also the founder and executive chairman of the Long-Term Stock Exchange, the co-founder of Answer AI (an AI R&D lab), and the author of the upcoming book Incorruptible, releasing May 26th.

    In this episode of Summation, Eric and Auren discuss:

    • why "bad governance" companies have outperformed "good governance" since 2008
    • financial gravity - the invisible force that bends companies away from their mission
    • the foundation-controlled blueprint behind Novo Nordisk, IKEA, and Zeiss
    • why vibe coding is headed for its Chernobyl moment

    You can find Auren Hoffman on X at @auren and Eric Ries on X at @ericries


    Fmr. German Defense Minister Karl-Theodor zu Guttenberg on NATO, nuclear energy, and how to disagree without blood Apr 07, 2026
    Show notes

    Karl-Theodor zu Guttenberg became Germany's youngest Minister of Defense in history, and previously served as Minister of Economics and Technology. He is the chairman and founder of Spitzberg Partners, an investment and advisory firm, a bestselling author, and co-founder of Open Minds Media, where he produces films and podcasts. He co-hosts one of Germany's most popular podcasts.

    In this episode of Summation, KT and Auren discuss:

    • Why Germany's defense spending hovered at 1% of GDP for decades and what finally forced a change
    • The nuclear exit decision that was driven by a single state election and backfired spectacularly
    • How Rheinmetall surpassed Volkswagen in market cap and what it signals about Europe's industrial reorientation
    • Why Germany's total stock market cap is less than a single US company like Nvidia

    You can find Auren Hoffman on X at @auren and Karl-Theodor zu Guttenberg on Linkedin.


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