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The a16z Show

Wartime vs Peacetime: Ben Horowitz on Leadership

The a16z Show

a16z

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

4.21.2K Ratings

🗓️ 2 January 2026

⏱️ 35 minutes

🧾️ Download transcript

Summary

In this exclusive conversation from a16z’s Bio and Health BUILD Summit, founding partner Ben Horowitz sits down with general partner Jorge Conde. Originally released in August 2023, the episode covers everything from the inspiration behind Ben’s book The Hard Thing About Hard Things and how the open internet was secured, to the difference between wartime and peacetime CEOs, what it really means to scale culture, and how bio and healthcare innovation differs from other forms of technology. Ben’s Book: https://www.amazon.com/Hard-Thing-About-Things-Building/dp/0062273205

Transcript

Click on a timestamp to play from that location

0:00.0

Culture is not a set of beliefs.

0:04.7

Missisoki, it's a set of actions.

0:07.5

And Ben says, you owe 20 bucks.

0:10.7

Okay? So I reach into my wallet.

0:12.6

And, you know, the norm was you put the cash on the table.

0:14.7

Yeah.

0:15.3

So I reached into my wallet and I pull out and I unfortunately only had $100.

0:20.1

And I kind of pull it out and Ben sees it and he's like, we don't make change, motherfucker.

0:24.7

If you show up five minutes late, ten minutes late, then you can say you have respect for what it means to build a company, but you don't really have respect for what it means to build a company.

0:36.9

Because you wouldn't do that if you did.

0:39.4

You know what?

0:40.2

It's better to be right than consistent.

0:43.8

Today you'll hear an episode from August 2023,

0:46.7

featuring exclusive audio from our bio and health build conference,

0:50.4

including a conversation between A16D co-founder Ben Horowitz

0:53.6

and bio-and-health general partner Jorge Condi.

0:56.6

They discuss everything from the inspiration behind Ben's book,

1:00.0

The Hard Thing About Hard Things,

1:01.7

which includes a powerful story about how open internet was secured

1:04.7

and how the outcome was far from guaranteed.

1:07.5

You'll also hear about surprising leaders from history,

1:10.1

the difference between wartime

...

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