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All-In with Chamath, Jason, Sacks & Friedberg

Bill Maris: How Google Could Crush AI Competitors, Why Small Funds Win, and AI's Atari Stage

All-In with Chamath, Jason, Sacks & Friedberg

All-In Podcast, LLC

Business, Entrepreneurship, Technology

4.010.4K Ratings

🗓️ 9 June 2026

⏱️ 29 minutes

🧾️ Download transcript

Summary

(0:00) Bill Maris joins the Besties!

(0:33) Four critical lessons from a career in technology

(5:58) Building Google Ventures with data and machine learning

(9:51) Why small VC funds beat big ones on average

(14:36) OpenAI's valuation problem and the AI price war

(19:09) AI's "Atari Stage": what comes next?

(25:23) VC's broken incentives and the future of deep tech

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Transcript

Click on a timestamp to play from that location

0:00.0

After saying he was out, now Bill Maris is returning to the investing world.

0:07.0

The founding CEO of Google Ventures has raised $150 million for his new fund called Section 32.

0:13.0

With a smaller fund, I have the advantage to be very selective in the companies that I invest in, the people that I hire.

0:22.1

We're going to invest for a financial return.

0:24.5

Any other metric is impossible to measure and therefore won't succeed.

0:28.8

Think of the change that has happened just in the last 100 years and what's about to happen

0:32.3

in the next 100 years with the advent of AI.

0:34.8

The world is going to change by orders of magnitude. Thank you very much for that warm welcome.

0:40.2

I am Bill Maris.

0:41.2

I'm the founder of Section 32.

0:43.8

Prior to that, I was the founder and CEO of Google Ventures.

0:47.6

I was also Google's vice president of special projects

0:50.5

where I incubated Waymo and Google X, Calico, and many other projects as well.

1:00.0

Before that, I found that a web hosting and data center company, which we're going to talk

1:04.0

a little bit about.

1:06.0

And today I think I'm going to talk to you about a few of the lessons I've learned on these interesting experiences I've had in life.

1:13.6

So we'll start with one of four lessons I'm going to talk about.

1:17.6

And we're going to go back to 1997 to start when I was a fresh college graduate.

1:23.6

I had a degree in neuroscience.

1:25.6

And I found myself on Wall Street somehow, managed to

1:29.3

land a job there, but I was miserable having to wear a suit and trudge to work in the heat.

1:35.5

But one good thing came of that, which was I looked in the closet of the office one day, and I

...

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