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
4.0 • 10.4K 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
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| 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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