a16z Podcast: 'The Most Boring Yet Valuable' 20 Minutes, All About Board Minutes
The a16z Show
a16z
4.2 • 1.2K Ratings
🗓️ 3 November 2015
⏱️ 22 minutes
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| 0:00.0 | Hi everyone, welcome to the A6NC podcast. I'm Sonal and today I'm here with Joe Grenfess and Nikki Locker. |
| 0:07.6 | Joe is a professor at Stanford Law School as well as a former commissioner of the SEC or Securities and Exchange Commission. |
| 0:14.6 | And Nikki is a senior partner in securities litigation and government and internal investigations at Wilson-Sonsigny. |
| 0:21.7 | The reason we're having you on the A6NC podcast today is that I heard you guys speak at our |
| 0:27.0 | Stanford board directors college program about board governance and in particular minutes, |
| 0:33.7 | which, and you guys, I was like, these guys need their own show. And we have a show, and which is why we're excited to have you here. |
| 0:39.9 | Well, thanks, Sennell. |
| 0:41.1 | And let me just sort of try to frame what it was going to talk about today. |
| 0:45.0 | I think when you look at the history of all Andreessen Harowitz podcasts, this one will be remembered as being epic. |
| 0:52.9 | And it's epic, minimally epic, because I think the topic that we're addressing This one will be remembered as being epic. Epic. |
| 0:55.1 | Minimally epic. |
| 1:03.8 | Because I think the topic that we're addressing today is going to be the most boring yet valuable topic in the history of all end race and harleys. That's an amazing record to aim for. |
| 1:05.8 | And we're striving for this boredom value ratio. |
| 1:09.8 | And let me explain. You know, if you take the typical BCG 2x 2-matrix, imagine setting up the |
| 1:16.4 | matrix on the horizontal axis, you have boredom. |
| 1:20.3 | And at the left, you have low-bordom items, and at the right, you've got the high-bordom |
| 1:26.5 | items. |
| 1:29.4 | And on the vertical axis, I want you to imagine the value of a subject to you. So at the bottom, what you have is low value items, and at the |
| 1:36.0 | top, you have high value items. So what quadrant are we going to be in? We're going to be high |
| 1:39.9 | into the right. We are in the quadrant of boring but valuable. |
| 1:44.9 | And if you pay attention to what we're going to be talking about today, you may actually get some of the most valuable litigation insurance you can buy for essentially free. |
| 1:54.7 | This is as close to free legal insurance as you're going to get. |
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