The Olympics of Talent: France's Tech Boom

with Michael Dearing (@mcgd), Bob Sutton (@work_matters), and Hanne Tidnam (@omnivorousread) Bob Sutton's book The No Asshole Rule was all about how to foster company cultures that don't tolerate asshole behavior. But sometimes, dealing with an asshole is unavoidable -- in life or at work. So what are the best tactics to both protect yourself and to stop the asshole behavior? This is the subject that Sutton tackles in his new book, The Asshole Survival Guide.  In this somewhat NSFW episode, a16z's Hanne Tidnam talks with Bob Sutton, professor at Stanford; and Michael Dearing, Founder of Harrison Metal and formerly at Stanford and eBay, about tackling asshole behavior -- everything from assessing it (are you dealing with an asshole?) to coping mechanisms, to how to systemize a way of squashing and preventing asshole behavior in the workplace. (Bonus: a surprising truth about EQ in the workplace!)

13 Sep 201734min

with Russ Roberts, Noah Smith, and Sonal Chokshi Beyond the overly simplistic framing of trade as “good” or “bad” — by politicians, by Econ 101 — why is the topic of trade (or rather, economies and people adjusting to trade) so damn hard? A big part of it has to do with not seeing the human side of trade, let alone the big picture across time and place… as is true for many tech innovations, too. Speaking of: how does the concept of “trade” fit with “innovation”, exactly? They’re both about getting more from less — as well as creating new opportunities — shares Russ Roberts, host of the popular EconTalk podcast (and fellow at Stanford University’s Hoover Institution, PhD in economics). But there’s another very provocative theory at play here — fast-forwarding us from the time of the Industrial Revolution to the 2000s — that could make us rethink the relationship between trade, capital, labor, productivity/economic growth, shares Noah Smith, columnist at Bloomberg View (and former professor of finance at Stony Brook University, PhD in economics). And where does China come in — and out — of this picture? Put it all together, and maybe, just maybe, it could help explain why we’re investing in labor-saving innovations/ automation more than ever today. Because one thing is for sure, agree both Roberts and Smith — who otherwise argue with each other on this episode of the a16z Podcast (with Sonal Chokshi) — you can’t stop the march of technology. It’s here, it’s coming, and we’re just going to have to meet it, prepare for it, …roll with it.

10 Sep 201738min

We tend to talk about tech and parenting through devices and artifacts -- screen time, to code or not to code -- but actually, there's a bigger, macro picture at play there: game theory, economic incentives, culture, and more. So in this back-to-school episode of the a16z Podcast, two economists -- Kevin Zollman, game theorist and philosopher at CMU and author of The Game Theorist's Guide to Parenting; and Fabrizio Zilibotti, macroeconomist at Yale working on a book called Love, Money and Parenting -- share their expertise on parenting through the lens of economics. The hallway-conversation (with Hanne Tidnam) covers how these theories play out in practice -- for example, when the kids are bickering in the back seat of the car -- to how parents can balance altruism vs. paternalism when it comes to thinking about their kids' future vs. their kids' reality of living in the now. And then finally, how do different parenting styles, corporal punishment, education, and of course, technology, play a role in how we parent?

5 Sep 201729min

with Clayton Christensen, Marc Andreessen, and Steven Levy In business, mistakes of omission may be just as bad as (if not worse than) mistakes of commission -- simply because of the loss in potential upside: new companies, new products, new opportunities for growth. Or even in the ability to respond to the disruption coming to one's industry and company... if it hasn't already. Sometimes, and in certain industries (such as hospitality and education), it just takes longer to pull off. But it's not like people and companies are dumbly sitting around waiting for disruption to happen. In fact, having read the book on disruption for years -- 20 years, to be precise, given the anniversary of The Innovator's Dilemma this year -- many smart business leaders know it could happen, yet fully determine that it's not going to happen to them... and then, of course, it still happens, observes a16z's Marc Andreessen. Why? Part of the answer, shares father of disruption theory and Harvard Business School professor Clayton Christensen, is they don't have a common language, logic, architecture, way to frame the problem. And that's where other theories and frameworks -- like jobs-to-be-done and modularity -- come in. A theory, after all, though never perfect can help. So in this episode of the podcast -- from our inaugural a16z Summit event -- Christensen and Andreessen (in conversation with longtime tech writer and Backchannel editor-in-chief Steven Levy) share their thoughts for how such theories can play out practically in both managing business, and managing priorities in life.

2 Sep 201737min

"Young hungry and scrappy" is how Hamilton described his country, and it's how many -- including the guests on this episode -- describe startups... or more precisely, the mindset that engineers in startups need to balance both creativity and efficiency. But what happens as those startups scale, accrue technical debt, standardize their frameworks, and hire even more engineers? How do they deliver on their product while also staying on top of -- or better yet, using and also pushing forward -- new tech? (Even if that "new" tech is really the old, much-promised-before-but-finally-here, machine and deep learning?) And how do they do it all without getting mired in philosophical debates? Every Hamilton needs a Washington, after all...  VP of Engineering at Airbnb Mike Curtis and head of engineering at Pinterest Li Fan discuss all this and more (in conversation with Sonal Chokshi) in this episode of the a16z Podcast. The hallway-style conversation covers everything from taking an individual vs. company-wide view and the myth/reality of the "10x engineer", to the subtle nuances of how computers learn people's styles, intent, aspirations, and outcomes. And how all of this plays out as consumer tech increasingly connects the online to the offline world. ––– The views expressed here are those of the individual AH Capital Management, L.L.C. (“a16z”) personnel quoted and are not the views of a16z or its affiliates. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by a16z. While taken from sources believed to be reliable, a16z has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by a16z. (An offering to invest in an a16z fund will be made only by the private placement memorandum, subscription agreement, and other relevant documentation of any such fund and should be read in their entirety.) Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by a16z, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. A list of investments made by funds managed by Andreessen Horowitz (excluding investments and certain publicly traded cryptocurrencies/ digital assets for which the issuer has not provided permission for a16z to disclose publicly) is available at https://a16z.com/investments/. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see https://a16z.com/disclosures for additional important information.

30 Aug 201728min

What is "infrastructure" actually? In the 19th and 20th century, that usually meant the transportation systems supporting roadways, airports, trains... but we don't even really know yet what it might potentially mean in the age of rapidly changing technology, autonomous vehicles, drones, and self-driving cars. In this episode, a16z's Matthew Colford discusses the infrastructure of the future with Anthony Foxx, former secretary of transportation under the Obama administration and former mayor of Charlotte, North Carolina; Keller Rinaudo, CEO of Zipline; and Jase Wilson, CEO of Neighborly. The truth of the matter, says Secretary Foxx, is that we are still a society under construction. How do we think about not just modernizing the 19th century structures we inherited but making new infrastructure for the future anew -- as well as the possibilities of democratizing and crowdsourcing urban planning and public projects? The views expressed here are those of the individual AH Capital Management, L.L.C. (“a16z”) personnel quoted and are not the views of a16z or its affiliates. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by a16z. While taken from sources believed to be reliable, a16z has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by a16z. (An offering to invest in an a16z fund will be made only by the private placement memorandum, subscription agreement, and other relevant documentation of any such fund and should be read in their entirety.) Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by a16z, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. A list of investments made by funds managed by Andreessen Horowitz (excluding investments and certain publicly traded cryptocurrencies/ digital assets for which the issuer has not provided permission for a16z to disclose publicly) is available at https://a16z.com/investments/. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see https://a16z.com/disclosures for additional important information.

25 Aug 201722min

with Ben Horowitz, Scott Kupor, and Caroline Moon “The only unforgivable sin in business is to run out of cash” [so said Harold Geneen], yet startup CEOs “always act on leading indicators of good news, and lagging indicators of bad news” [according to Andy Grove]; after all, it requires a certain stubborn, headstrong optimism to start a company. So how to reconcile these views? At the very least, pay more attention to leading indicators of running out of cash, “because there’s just no going back”! But doing all this — while also trying to balance growth, advance planning vs. constantly changing strategy, revenue vs. margin, coordination/communication/culture, and so on — is a lot harder than it seems on a finance spreadsheet. It requires understanding that the “math is not the terrain, the spreadsheet is not the business”… yet also knowing when to trade rose-colored glasses for darker rainy-day ones. And that's where a CEO partnering productively with a CFO comes in. In this episode of the a16z Podcast -- moderated by (and based on an internal event for CEOs+CFOs hosted by) Caroline Moon, who leads the financial operations for startups practice on a16z's corp dev team -- Ben Horowitz and Scott Kupor share their personal insights as well as advice for founders: How DO you do it all?

25 Aug 201719min

What do disease diagnostics, language learning, and image recognition have in common? All depend on the organization of collective intelligence: data ontologies. In this episode of the a16z Podcast, guests Luis von Ahn, founder of reCaptcha and Duolingo, Jay Komarneni, founder of HumanDX, a16z General Partner Vijay Pande, and a16z Partner Malinka Walaliyadde break down what data ontologies are, from the philosophical (Wittgenstein and Wikipedia!) to the practical (a doctor identifying a diagnosis), particularly as they apply to the field of healthcare and diagnosis. It is data ontologies, in fact, that enable not only human computation -- but that allow us to map out, structure, and scale knowledge creation online, providing order to how we organize massive amounts of information so that humans and machines can coordinate in a way that both understand.

15 Aug 201726min