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    Business

    The a16z Show

    The a16z Show discusses tech and culture trends, news, and the future – especially as ‘software eats the world’. It features industry experts, business leaders, and other interesting thinkers and voices from around the world. This show is produced by Andreessen Horowitz (aka “a16z”), a Silicon Valley-based venture capital firm. Multiple episodes are released every week; visit a16z.com for more details and to sign up for our newsletters and other content as well!

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    Copyright: © All rights reserved

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    Latest Episodes:
    The Common Thread of All Technology: Monitoring the Situation, Ep.1 Sep 27, 2025
    Show notes

    Announcing our new show, Monitoring the Situation, hosted by a16z General Partners Erik Torenberg and Katherine Boyle, with guest Eddie Lazzarin, CTO of a16z crypto.

    In this first episode, we ask how American Dynamism, consumer, games, and crypto all fit together, from Palmer/Oculus to Marc Andreessen’s Techno-Optimist Manifesto, while also exploring crypto × AD values, parenting in the AI era, and how internet subcultures shape the news.

    Timecodes:

    0:00 Introduction

    1:25 Tech Coherence: American Dynamism & Consumer Crypto

    4:55 The Hero’s Journey in Tech

    5:59 Games, Toys, and Defense Innovation

    6:38 Crypto & American Values

    11:25 Decentralization, Federalism, and Tech

    13:08 AI, China, and Competing Values

    14:18 Medicine, Parenting, and the Wisdom of Crowds

    20:47 ADHD, Diagnosis Incentives, and Education

    27:31 Alternative Schooling & AI Tutors

    35:46 Parenting, Family, and Modern Support Systems

    42:24 Zoomer Culture, Internet Fragmentation, and X

    54:38 Media, Social Networks, and Cultural Shifts

    Resources:

    Find Eddy on X: https://x.com/eddylazzarin

    Find Katherine on X: https://x.com/KTmBoyle

    Find Erik on X: https://x.com/eriktorenberg

    Stay Updated:

    If you enjoyed this episode, be sure to like, subscribe, and share with your friends!

    Find a16z on X: https://x.com/a16z

    Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

    Listen to the a16z Podcast on Spotify: https://open.spotify.com/show/5bC65RDvs3oxnLyqqvkUYX

    Listen to the a16z Podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/a16z-podcast/id842818711

    Follow our host: https://x.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.

    Stay Updated:

    Find a16z on YouTube: YouTube

    Find a16z on X

    Find a16z on LinkedIn

    Listen to the a16z Show on Spotify

    Listen to the a16z Show on Apple Podcasts

    Follow 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.


    From Vibe Coding to Vibe Researching: OpenAI’s Mark Chen and Jakub Pachocki Sep 25, 2025
    Show notes

    What comes after vibe coding? Maybe vibe researching.

    OpenAI’s Chief Scientist, Jakub Pachocki, and Chief Research Officer, Mark Chen, join a16z general partners Anjney Midha and Sarah Wang to go deep on GPT-5—how they fused fast replies with long-horizon reasoning, how they measure progress once benchmarks saturate, and why reinforcement learning keeps surprising skeptics.

    They explore agentic systems (and their stability tradeoffs), coding models that change how software gets made, and the bigger bet: an automated researcher that can generate new ideas with real economic impact. Plus: how they prioritize compute, hire “cave-dweller” talent, protect fundamental research inside a product company, and keep pace without chasing every shiny demo.

    Timecodes:

    0:00 Introduction & Goals of Automated Researcher

    0:43 The Evolution of Reasoning in AI

    1:46 Evaluations: From Benchmarks to Real-World Impact

    5:15 Surprising Capabilities of GPT-5

    6:56 The Research Roadmap: Next 1, 2, 5 Years

    7:46 Long-Horizon Agency & Model Memory

    9:44 Reasoning in Open-Ended Domains

    11:18 The Role and Progress of Reinforcement Learning

    13:14 Reward Modeling & Best Practices

    14:21 The New Codex: Real-World Coding

    16:20 AI vs. Human Coding: The New Default

    20:07 What Makes a Great Researcher?

    21:14 Persistence, Conviction, and Problem Selection

    26:00 Building and Sustaining a Winning Research Culture

    31:45 Balancing Product and Fundamental Research

    39:00 The Importance of Compute and Physical Constraints

    45:50 Maintaining Speed and Learning at Scale

    47:18 Trust and Collaboration at OpenAI

    Resources:

    Find Jakub on X: https://x.com/merettm

    Find Mark on X: https://x.com/markchen90

    Find Sarah on X: https://x.com/sarahdingwang

    Find Anjney on X: https://x.com/AnjneyMidha

    Stay Updated:

    If you enjoyed this episode, be sure to like, subscribe, and share with your friends!

    Find a16z on X: https://x.com/a16z

    Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

    Listen to the a16z Podcast on Spotify: https://open.spotify.com/show/5bC65RDvs3oxnLyqqvkUYX

    Listen to the a16z Podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/a16z-podcast/id842818711

    Follow our host: https://x.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.

    Stay Updated:

    Find a16z on YouTube: YouTube

    Find a16z on X

    Find a16z on LinkedIn

    Listen to the a16z Show on Spotify

    Listen to the a16z Show on Apple Podcasts

    Follow 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.


    Software finally eats services - Aaron Levie Sep 24, 2025
    Show notes

    Should the US put a price on H-1B visas, or would that block the flow of new talent? Are AI coding agents actually making teams way more productive, or is it just hype? And in the AI platform shift, will the big winners be incumbents or new AI-native startups?

    Erik Torenberg is joined by Box co-founder and CEO Aaron Levie, a16z board partner Steven Sinofsky, and a16z general partner Martin Casado to debate the biggest questions in tech. They unpack pricing vs lottery for H-1Bs and what we’re actually optimizing for, why Box now ships a third of its code from AI, the shift from writing to reviewing code, and why bottom-up personal AI tools succeed where top-down “AI pilots” struggle.

    Timecodes:

    0:00 Introduction

    1:07 Latest immigration policy and who benefits

    1:39 Debating the Price on H-1B Visas

    2:11 Startups vs. Big Tech: Who Benefits from Policy?

    2:31 Market Dynamics and Wage Impacts

    3:44 The Lottery System and Startup Challenges

    12:25 Labor Markets to Labor Productivity with AIs

    14:47 Startups Achieving 10x Productivity with AI

    16:43 Early Adopters, Hype, and Measuring Productivity

    33:50 AI’s Impact on Professional and Creative Work

    37:56 The Rise of AI-Native Startups

    40:58 Platform Shifts: Startups vs. Incumbents

    42:12 Disruption, Incumbents, and New Opportunities

    53:00 The Future of Work and AI Adoption

    54:38 Brand Effects and Early Leaders in AI

    55:22 Will Incumbents or Newcomers Win the AI Race?

    Resources:

    Find Aaron on X: https://x.com/levie

    Find Steven on X: https://x.com/stevesi

    Find Martin on X: https://x.com/martin_casado

    Find Erik on X: https://x.com/eriktorenberg

    Stay Updated:

    If you enjoyed this episode, be sure to like, subscribe, and share with your friends!

    Find a16z on X: https://x.com/a16z

    Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

    Listen to the a16z Podcast on Spotify: https://open.spotify.com/show/5bC65RDvs3oxnLyqqvkUYX

    Listen to the a16z Podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/a16z-podcast/id842818711

    Follow our host: https://x.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.

    Stay Updated:

    Find a16z on YouTube: YouTube

    Find a16z on X

    Find a16z on LinkedIn

    Listen to the a16z Show on Spotify

    Listen to the a16z Show on Apple Podcasts

    Follow 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.


    America's Autism Crisis and How AI Can Fix Science with NIH Director Jay Bhattacharya Sep 23, 2025
    Show notes

    Dr. Jay Bhattacharya is one of the country’s top medical experts and a 24-year professor of medicine at Stanford. After being censored and deplatformed during COVID for his role in opposing harsh lockdowns, he was appointed Director of the National Institutes of Health by President Trump in 2025.

    a16z General Partners Erik Torenberg, Vineeta Agarwala, and Jorge Conde join Dr. Bhattacharya to discuss the administration’s role in tackling the autism crisis, how to restore public trust in health authorities, how to make the NIH more dynamic and efficient, and how to streamline publishing and restore academic freedom.


    Timecodes:

    0:00 Introduction
    1:30 Autism Initiative & New Research
    2:45 Drug Discoveries: Leucovorin & Tylenol Caution
    4:35 Preterm Birth & Broader Health Initiatives
    5:45 The Replication Crisis in Science
    8:50 Reforming NIH Funding & Scientific Culture
    14:00 Allocation vs. Execution at NIH
    17:30 Political & Scientific Decision-Making
    22:30 Addressing Life Expectancy & Chronic Disease
    27:00 Supporting Early Career Investigators
    34:50 Academic Freedom & Open Science
    37:30 Rebuilding Public Trust in Public Health
    41:00 Communicating Science Amid Uncertainty
    47:50 NIH Priorities: Nutrition, Chronic Disease, AI
    50:00 The Future of AI in Science & Medicine
    53:30 Advice for Rising Scientists
    55:00 The Role and Limits of AI in Science

    Resources:

    Find Dr. Bhattacharya on X: https://x.com/DrJBhattacharya and https://x.com/NIHDirector_Jay

    Find Erik on X: https://x.com/eriktorenberg

    Find Jorge on X: https://x.com/JorgeCondeBio

    Find Vineeta on X: https://x.com/vintweeta

    Learn more about the NIH: https://www.nih.gov/

    Stay Updated:

    Find a16z on YouTube: YouTube

    Find a16z on X

    Find a16z on LinkedIn

    Listen to the a16z Show on Spotify

    Listen to the a16z Show on Apple Podcasts

    Follow 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.


    Dylan Patel on the AI Chip Race - NVIDIA, Intel & the US Government vs. China Sep 22, 2025
    Show notes

    Nvidia’s $5 billion investment in Intel is one of the biggest surprises in semiconductors in years. Two longtime rivals are now teaming up, and the ripple effects could reshape AI, cloud, and the global chip race.

    To make sense of it all, Erik Torenberg is joined by Dylan Patel, chief analyst at SemiAnalysis, joins Sarah Wang, general partner at a16z, and Guido Appenzeller, a16z partner and former CTO of Intel’s Data Center and AI business unit. Together, they dig into what the deal means for Nvidia, Intel, AMD, ARM, and Huawei; the state of US-China tech bans; Nvidia’s moat and Jensen Huang’s leadership; and the future of GPUs, mega data centers, and AI infrastructure.

    Resources:

    Find Dylan on X: https://x.com/dylan522p

    Find Sarah on X: https://x.com/sarahdingwang

    Find Guido on X: https://x.com/appenz

    Learn more about SemiAnalysis: https://semianalysis.com/dylan-patel/

    Stay Updated:

    If you enjoyed this episode, be sure to like, subscribe, and share with your friends!

    Find a16z on X: https://x.com/a16z

    Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

    Listen to the a16z Podcast on Spotify: https://open.spotify.com/show/5bC65RDvs3oxnLyqqvkUYX

    Listen to the a16z Podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/a16z-podcast/id842818711

    Follow our host: https://x.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.

    Stay Updated:

    Find a16z on YouTube: YouTube

    Find a16z on X

    Find a16z on LinkedIn

    Listen to the a16z Show on Spotify

    Listen to the a16z Show on Apple Podcasts

    Follow 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.


    Charlie Kirk and the Rise of Political Violence Sep 21, 2025
    Show notes

    In this episode of Honestly with Bari Weiss, we share a special conversation featuring a16z general partner Katherine Boyle in the wake of Charlie Kirk’s shocking assassination.

    Katherine reflects on what courage means in a culture where words and debate are increasingly met with violence. Drawing on faith, history, and her own response to recent tragedies, she discusses the idea of martyrdom, not only in its most extreme sense, but also in the small, everyday choices to speak the truth despite risk.

    Timecodes:

    0:00 Introduction

    0:49 Remembering Charlie Kirk

    2:46 The Meaning of Martyrdom

    4:49 Courage and the Choice We Face

    9:16 Returning to Normalcy

    10:35 The Age of Extremes

    12:15 Words, Violence, and the Next Generation

    14:10 Reclaiming the Center

    18:18 The Power and Danger of Rhetoric

    21:55 The Call to Speak Up

    Resources:

    Listen to more from Honestly: https://podcasts.apple.com/za/podcast/honestly-with-bari-weiss/id1570872415

    Find Bari on X: https://x.com/bariweiss

    Find Katherine on X: https://x.com/KTmBoyle

    Stay Updated:

    If you enjoyed this episode, be sure to like, subscribe, and share with your friends!

    Find a16z on X: https://x.com/a16z

    Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

    Listen to the a16z Podcast on Spotify: https://open.spotify.com/show/5bC65RDvs3oxnLyqqvkUYX

    Listen to the a16z Podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/a16z-podcast/id842818711

    Follow our host: https://x.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.

    Stay Updated:

    Find a16z on YouTube: YouTube

    Find a16z on X

    Find a16z on LinkedIn

    Listen to the a16z Show on Spotify

    Listen to the a16z Show on Apple Podcasts

    Follow 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.


    The Death of Search: How Shopping Will Work In The Age of AI Sep 17, 2025
    Show notes

    The web is unhealthy, and AI agents are about to rewrite how we shop.

    In this episode, a16z General Partner Alex Rampell and Partner Justine Moore explore how AI agents will change commerce and the implications for Google’s business model, affiliate marketing, online shopping, and more.

    Timecodes:

    0:00 Introduction

    0:12 The Role of AI Agents in Commerce

    1:28 Affiliate Marketing & Impulse Buys

    4:02 Observing Consumer Behavior & AI

    6:08 Dynamic Pricing & E-commerce Trends

    7:20 Online vs. Offline Shopping Behaviors

    10:09 The Challenge of Attribution in Commerce

    12:19 Aggregators, Brands, and Business Models

    15:24 Trend Cycles & Single SKU Retailers

    17:49 Google, Search, and the Freemium Model

    22:41 The Unhealthy Web & Commercialization

    26:04 Video Reviews & Trust in Commerce

    29:10 The Costco Model & Consumer Trust

    33:15 AI’s Impact on Different Types of Purchases

    39:56 The Future: Specialized Shopping Agents

    40:16 Opportunities for New Durable Companies

    44:18 The Merchant Side: Infrastructure for AI Agents

    Resources:

    Read the article: http://a16z.com/ai-x-commerce/

    Find Alex on X: https://x.com/arampell

    Find Justine on X: https://x.com/venturetwins

    Stay Updated:

    If you enjoyed this episode, be sure to like, subscribe, and share with your friends!

    Find a16z on X: https://x.com/a16z

    Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

    Listen to the a16z Podcast on Spotify: https://open.spotify.com/show/5bC65RDvs3oxnLyqqvkUYX

    Listen to the a16z Podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/a16z-podcast/id842818711

    Follow our host: https://x.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.

    Stay Updated:

    Find a16z on YouTube: YouTube

    Find a16z on X

    Find a16z on LinkedIn

    Listen to the a16z Show on Spotify

    Listen to the a16z Show on Apple Podcasts

    Follow 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.


    How OpenAI Built Its Coding Agent Sep 16, 2025
    Show notes

    OpenAI’s Codex has already shipped hundreds of thousands of pull requests in its first month. But what is it really, and how will coding agents change the future of software?

    In this episode, General Partner Anjney Midha goes behind the scenes with one of Codex’s product leads- Alexander Embiricos - to unpack its origin story, why its PR success rate is so high, the safety challenges of autonomous agents, and what this all means for developers, students, and the future of coding.

    Timecodes:

    0:00 Intro: The Vision for AI Agents

    1:25 Codex’s Origin and Naming

    3:20 Early Prototypes and Agent Form Factors

    6:00 Cloud Agents: Safety and Security

    9:40 Prompt Injection and Attack Vectors

    12:00 PR Merging: Metrics and Transparency

    17:00 The Future of Code Review and Automation

    20:00 User Adoption: Internal vs. External Surprises

    22:00 Multi-Turn Interactions and Product Learnings

    29:30 Best-of-N, Slot Machine Analogy, and Creativity

    33:00 Human Taste, Iteration, and Collaboration

    40:00 AI’s Impact on Software Engineering Careers

    45:00 Education, CS Degrees, and AI Integration

    49:00 Prototyping, Hackathons, and Speed to Magic

    55:00 Legacy Code, Modernization, and Global Adoption

    1:00:00 Enterprise, Security, and Air-Gapped Environments

    1:05:00 Product Roadmap and Future of Codex

    1:10:00 Advice for Founders and Startups

    1:15:00 Education Reform and Project-Based Learning

    1:20:00 Hiring, Building, and New Grad Advice

    Resources:

    Find Alex on X: https://x.com/embirico

    Find Anjney on X: https://twitter.com/AnjneyMidha

    Stay Updated:

    If you enjoyed this episode, be sure to like, subscribe, and share with your friends!

    Find a16z on X: https://x.com/a16z

    Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

    Listen to the a16z Podcast on Spotify: https://open.spotify.com/show/5bC65RDvs3oxnLyqqvkUYX

    Listen to the a16z Podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/a16z-podcast/id842818711

    Follow our host: https://x.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.

    Stay Updated:

    Find a16z on YouTube: YouTube

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    Follow 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.


    Faster Science, Better Drugs Sep 15, 2025
    Show notes

    Can we make science as fast as software?

    In this episode, Erik Torenberg talks with Patrick Hsu (cofounder of Arc Institute) and a16z general partner Jorge Conde about Arc’s “virtual cells” moonshot, which uses foundation models to simulate biology and guide experiments.

    They discuss why research is slow, what an AlphaFold-style moment for cell biology could look like, and how AI might improve drug discovery. The conversation also covers hype versus substance in AI for biology, clinical bottlenecks, capital intensity, and how breakthroughs like GLP-1s show the path from science to major business and health impact.

    Resources:

    Find Patrick on X: https://x.com/pdhsu

    Find Jorge on X: https://x.com/JorgeCondeBio

    Stay Updated:

    Find a16z on YouTube: YouTube

    Find a16z on X

    Find a16z on LinkedIn

    Listen to the a16z Show on Spotify

    Listen to the a16z Show on Apple Podcasts

    Follow 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.


    Ben Horowitz: Why Hesitation is a CEO’s Worst Enemy Sep 12, 2025
    Show notes

    In this conversation from Lenny’s Podcast, Ben Horowitz joins Lenny to discuss the psychological muscle every founder needs, why hesitation can be fatal for CEOs, when it’s time to replace a founder, and how to normalize failure while building confidence. They also explore the Databricks founding story, investing in Adam Neumann after WeWork, whether AI is in a bubble, where the real opportunities lie, and Ben’s work with the Paid in Full Foundation supporting hip-hop pioneers. The result is a candid look at leadership, product management, and what it takes to build enduring companies.

    Timecodes:

    00:00 Introduction

    00:22 The Psychology of Leadership & Decision-Making

    02:41 Leadership lessons from Shaka Senghor

    07.56 Struggle, Pain, and Growth as a CEO

    10:15 Running toward fear and why hesitation kills companies

    19:35 Who shouldn’t start a company

    22:36 The Databricks story: thinking bigger

    24:54 Managerial leverage and CEO psychology

    28:06 When founders should be replaced as CEOs

    31:20 Normalizing failure for CEOs

    37:57 Counterintuitive lessons about building companies

    42:31 “Good Product Manager/Bad Product Manager”

    48:21 Product managers as leaders

    51:16 Why a16z invested in Adam Neumann after WeWork

    56:23 Is AI in a bubble?

    01:02:43 The biggest opportunities in AI

    01:12:51 Why U.S. leadership in AI matters

    01:18:53 The Paid in Full Foundation for hip-hop pioneers

    01:23:18 Lightning round: book recommendations, products, and life mottos

    Resources:

    Find Ben on X: https://x.com/bhorowitz

    Find Ben on LinkedIn: https://www.linkedin.com/in/behorowitz/

    Watch more of Lenny’s Podcast: https://www.youtube.com/@LennysPodcast

    Check out Lenny’s newsletter here: https://www.lennysnewsletter.com

    Stay Updated:

    Find a16z on X: https://x.com/a16z

    Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

    Listen to the a16z Podcast on Spotify: https://open.spotify.com/show/5bC65RDvs3oxnLyqqvkUYX?si=3E8B3qT9TyiwAHJ7JnaKbg

    Listen to the a16z Podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/a16z-podcast/id842818711

    Follow 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.

    Stay Updated:

    Find a16z on YouTube: YouTube

    Find a16z on X

    Find a16z on LinkedIn

    Listen to the a16z Show on Spotify

    Listen to the a16z Show on Apple Podcasts

    Follow 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.


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