Thanks for joining the A16Z podcast. I'm Margaret Wenmacher, a partner here at the firm.

I wanted to introduce the conversation between Dan Premack and Mark Andresen that we hosted at our recent policy summit in Washington, D.C.

Please enjoy.

You've talked about in the past how you actually think that technology hasn't necessarily moved as fast as people think it has. I'm curious,

do you feel that the pace of change, and I know that's a vague thing, has been speeding up lately?

Because that seem to be the consensus there, that tech advancements are coming faster than they

have in the past. Right. Great. Thanks. And thanks, Dan, for doing this. So there's been two narratives

on the tech industry and on tech change over the last

decade. One narrative has been sort of continuous in sort of years one through nine over the

last decade, which is tech is dead, tech is over, tech is dumb, tech is stupid, tech is a bubble.

It'll crash in a minute. You know, Silicon Valley is just a bunch of kids running around,

you know, raising too much money and blowing that part's accurate right okay and you know producing a bunch of photo

sharing apps and like you know the golden the golden days of innovation are over and like this all this

stuff is a bunch of hot air and it doesn't matter in the last 12 months it's flash cut from that to

tech is overwhelmingly impacting the world in the economy tech is having way too dramatic of an impact

tech has become way too important tech is fundamentally fundamentally affecting the economy, changing jobs, destroying jobs, robots, AI, the Terminator.

Like, it's all of a sudden come crashing down.

So how do you reconcile these two kind of diametrically opposed views, right?

It's worthless or like sort of infinitely powerful, or kind of at least generally two diametrically

opposed views.

Then you say,

okay, well, what's going on? And so maybe I start with a pop quiz. So sort of four big questions on how to think about the pace of change in the economy and the impact of technology. So one is the way

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