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The John Batchelor Show

S8 Ep270: SILICON VALLEY KINGMAKER Colleague Keach Hagey, The Optimist. At Stanford, Altman co-founded Loopt, a location-sharing app that won him a meeting with Steve Jobs and a spot in the App Store launch. While Loopt was not a commercial success, the experience

The John Batchelor Show

John Batchelor

News, Arts, Books, Society & Culture

4.52.8K Ratings

🗓️ 3 January 2026

⏱️ 15 minutes

🧾️ Download transcript

Summary

SILICON VALLEY KINGMAKER Colleague Keach Hagey, The Optimist. At Stanford, Altman co-founded Loopt, a location-sharing app that won him a meeting with Steve Jobs and a spot in the App Store launch. While Loopt was not a commercial success, the experience taught Altman that his true talent lay in investing and spotting future trends rather than coding. He eventually succeeded Paul Graham as president of Y Combinator, becoming a powerful figure in Silicon Valley who could convince skeptics like Peter Thiel to back his visions. NUMBER 15
SEPTEMBER 1952

Transcript

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0:00.0

I'm John Batchel with Keech Hage, the author of the new book The Optimist, Sam Altman, Open AI, and the Race to Invent the Future.

0:08.7

Our protagonist, our hero, Sam Altman's at Stanford University, and it's a leafy campus in California's weather,

0:19.8

and if you know what that is, you'll smile.

0:23.1

However, right then, at that moment, it is just beginning with the translation of Stanford

0:31.8

from a school known as the West Coast Ivy League into a school associated with Silicon Valley,

0:39.5

which is inventing itself all around Stanford.

0:42.2

Sand Hill Road, which was famous as a location of the early venture capital funds,

0:48.2

is in walking distance from the campus, along with all the fine shops changing all the time.

0:53.6

It's a beautiful neighborhood

0:55.2

where all the founders of the social media that you now use routinely, are once walked and

1:03.9

talked. And one of the joys of Keatsch's book for me is that I was there from 2003 every year

1:10.7

at the Hoover Institution, not knowing

1:13.4

what was going on and those young people talking over there behind the railing for breakfast

1:18.7

in the morning. Well, Keech has some of it. And one of it was Sam Altman inventing himself.

1:25.9

And by inventing himself, he had an idea with his friends that he met at Stanford.

1:31.1

The original idea was something about, this is before the iPhone.

1:35.2

There was a clamshell phone.

1:36.9

And Sam had an idea that friends want to stay in touch with each other.

1:40.8

Kind of like the television show Friends, Keach, that's what it reminded me of.

1:47.7

Yeah, so it's that moment when you were there in the Hoover Institution, what's really

1:52.1

important about it is that the dot-com boom and bust had just happened, and everyone from

1:57.1

the, you know, broader tech industry was sort of picking themselves up.

...

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