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The a16z Show

a16z Podcast: Investing in (Business and Career) Change

The a16z Show

a16z

Technology, Culture, Disruption, Science, Entrepreneurship, Software Eating The World, Business, Innovation

4.21.2K Ratings

🗓️ 25 March 2016

⏱️ 28 minutes

🧾️ Download transcript

Summary

Most investors try to invest in things that don't change and last forever -- Warren Buffett for example loves Heinz ketchup! But VC is about investing in things that do change... a lot. How does this basic mindset challenge much of what people learn ...

Transcript

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0:00.6

Hi, everyone. Welcome to the A6 and Z podcast. Today's episode is based on a Q&A with Mark

0:06.1

Andreessen interviewed by Don Fall, a former U.S. Marine platoon commander who then worked at Google,

0:11.9

then headed up online operations at Facebook, and then most recently led operations at Pinterest,

0:17.0

and now is the C.O. at Athos. The conversation took place as part of the breakline education hiring program for transitioning

0:23.6

veterans into careers in tech, which was hosted one week recently at Andresen Horowitz.

0:28.3

Don and Mark cover everything in this conversation from what it means to invest in the business of

0:32.9

change to what it means to consider a career transition.

0:36.6

Over to Mark and Don.

0:37.8

Good morning.

0:38.7

Hello again.

0:39.4

You guys get me again.

0:40.6

It's nice to see you guys.

0:42.7

So first off, just wanted to start up by saying thank you to Mark for his time and for the time of the firm.

0:48.7

Mark has been an incredible supporter of that.

0:52.2

I think this is the third or fourth time that he's dedicated his time

0:56.2

to having a conversation like this. So if I got a few questions, we'll spend maybe 34 minutes on

1:01.0

questions, and then we'll open it up to you guys for Q&A. Sure. So I wanted to start with,

1:07.1

I think this industry is new for a lot of us in the audience, software. Warren Buffett once

1:11.8

famously said that he didn't invest in software or technology businesses because he didn't

1:16.5

understand or get them. What makes this industry different? So the big difference, and for those

1:22.5

you haven't read, Warren Buffett's, he writes this annual letter where he kind of goes through a lot

1:26.0

of stuff, and there have been various books written over the years that kind of sum up everything.

...

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