18 Burst results for "Andriessen Horowitz"

"andreessen horowitz" Discussed on Software Engineering Daily

Software Engineering Daily

07:11 min | 3 weeks ago

"andreessen horowitz" Discussed on Software Engineering Daily

"Maybe this is just Jeff trying to figure out what kind of software that building in China. What do they have over there? I'd love to know. I'd love to know what infrastructure looks like. I went to a KubeCon China one time and it was very interesting. They had some very interesting architectures too bad I couldn't communicate with them because I don't speak Mandarin, I think it is. I wish I did. I wish there were more open lines of communication between the United States and China so that I can meet engineers over in China and shake their hands and hang out with them. But there's not, and I can't. And many of the primary ways that I would meet an engineer who's from China in America is through somebody who's in an H one B program. And the H one B Visa program is essentially indentured servitude. So in America, we're still sponsoring indentured servitude. That's great. That's really great that we're still doing this. We're still enslaving people. We do it through an H one B program and we basically hire these people and then we threaten them. We threatened to export them back to their home country to suffer further imprisonment if they don't work our most boring and tedious work at a corporation. And it's really unfortunate because it forces our corporations to be complicit in this madness, where we just subjugate people from another country, just to give them the privilege of American citizenship. American citizenship wasn't meant to be handed out like a privilege. It was meant to be it was meant to be given to people as a way of refuge or just by a default. We've got a lot of open space here. We've got a lot of room for people who can contribute to America. And we should be letting in a lot more people, we should be doing it with open arms and obviously in a in a way that is safe to national security, but. There's so much wrong with the geopolitical situation right now. And a lot of it has to do with technology. And I don't hear any technologists taking a stand. I see a lot of people who are just sitting behind their desk saying nothing eating Cheetos, drinking coffee, not doing anything to help their fellow to help their fellow man. Or woman, and there's really no excuse. Whoever you are, listening to this on your iPhone or your AirPods, you, do you even realize you're at war? If you're not at war, you're making a mistake. If you're not at war, you're being lazy. This is not complicated. They have concentration camps where they harvest people's organs. They they torture them. They sterilize people, this is not a joke. This is not okay. This is a country that we do massive amounts of trade with. This is a country that we are completely interleaved with. There's not an excuse. We should be speaking out against this stuff. It's not acceptable. It's simply not acceptable. I don't care if it deprives you of your iPhone or your computer or your hardware or your Cheetos or your coffee or your paper or your cars or any civilized object, go learn to farm. It doesn't matter. You can not sit idly by while the Chinese are sterilizing human beings and harvesting their organs. And by the way, just simply controlling their people through a great firewall, a great firewall we're sitting by while they have a great firewall, they have a great firewall that literally segregates them from the rest of the world, and we don't care about that. That's a major problem. How are people not talking about this? Oh, because free speech here is completely censored. And whose fault is that? The tech companies. And how do the tech companies get started with venture capital? And who's the most notable loudest venture capital firm in the last several years? Andreessen Horowitz. They have Chinese Communist Party sympathizers in the growth team and the infrastructure team, leading the consumer team. They seem like great people over there. They seem very entertaining. They seem very wealthy. They seem very happy with their decisions in life. I disapprove. And I welcome you to listen to all of my content with andreessen Horowitz's people. I've interviewed Ben Horowitz, the number one guy. It was one of my favorite interviews. I've listened to it probably 5 times. Because I respect bend horus approach to leadership. He simply made a series of mistakes here on his way to domination of Silicon Valley. You know, I've interviewed Vijay pande about quantum computing. I interviewed Peter Levine about the future of the cloud. I interviewed sonal chalky, the controller of their media arm. And I just think they're awesome. And I always have thought they're awesome as an organization. And by the way, I actually don't even really have anything against these. Chinese Communist Party sympathizer Chinese people at andreessen Horowitz. It's more that I think the fact that they are intimidated by their by nature intimidated because because they probably have relatives, they probably have connections to China that are just unavoidable. They simply have no choice. But to work in favor of their government. And to make decisions that are in favor of ultimately their government, which is the Chinese Communist Party. I'm sorry, I'm really, really sorry if this comes off as racist. I'm sorry if it comes off as prejudiced. It's not. Again, I've dated Chinese women for the last two years almost exclusively because I was pretty sure I was going to have to do this. I hope to marry a Chinese woman someday to be honest and it's that's not a fetish. There's one in particular that I have in mind. But. What can I say? This is what I believe. I'm not kidding here. I don't have an axe to grind. I don't have a bone to pick. I simply think that.

China United States Chinese Communist Party Jeff andreessen Horowitz Ben Horowitz Andreessen Horowitz Vijay pande sonal chalky Peter Levine Silicon Valley
"andreessen horowitz" Discussed on Software Engineering Daily

Software Engineering Daily

04:13 min | 2 months ago

"andreessen horowitz" Discussed on Software Engineering Daily

"Offer engineering daily. All right thank you thank you same. Be here andy grove wrote about inflection points in technology only the paranoid survive s right and inflection points also exist in warfare describe how a leader should correctly evaluate an inflection point. Andy the way any always said it was. There's going to be ten exchange in something and in business. That was a ten exchange in competition. Ten change in the market Ten exchange on the supply chain that kind of thing and then if that happened then like that required a strategy change. And i think you know war a kind of similar kind of thing and you could imagine that happening with competition supply chain in as well. Are you know any kind of escalation like that. So that's i think that's probably the most correct definition. It's us like super loose now. It's like everybody's always at inflection. Point when they come see us for example. That's really going on. Andy groves model of the breakfast factory. We know that it maps to building technology companies. Does it also map to building a military. Well you know. I think there's some ice business military knowledge. So i think in particular was very man catherine of course have like process measurements and really. I think the big insights took this factory for cheap. This but which really have to think about this. If you wanna cheap this then what is that gonna cost. What's called inherited great near some of the ship. Investors often used the term moat to describe the durable competitive advantage of competent. Overtake you. And it's mostly considered it defensive Measure for the company. And so one thing. That's interesting here. Is you only have the ability to create competitive modes when you're in a competitive environment. Because some degree these modes exist that you can generate profit and when you're in a perfectly competitive market you can't generate profits and so you can't have competitive moat. One thing that i like to think about is kind of the fortress versus the moat. So if the fortress is the company in the motives of the fence you know you really should be thinking about both of them one. You're creating the company you know. The former the company should generate the ladder the economic moat. And so it's important to set out at the beginning thinking about both in conjunction not one or the other. And how does this play out inch software companies. Are we talking here about actual technology or is a moat a sales process or marketing strategy. Or a hiring procedure. So mozart actually comment a lot of different forms. We traditionally think about them more on the pick side early stage. Investors note can be an innovation of differentiated technology that competitors can really replicate another way to think about it in terms of product is low cost of production so now with cloud services. It's easier than ever to get a company off. The ground founders. No longer have to buy rack. Servers storage.

Andy groves andy grove Andy mozart
"andreessen horowitz" Discussed on Acquired

Acquired

05:12 min | 4 months ago

"andreessen horowitz" Discussed on Acquired

"It didn't not work the. There's no this is not enough. Yeah they were able to do a hard thing which has burst onto the scene and break into something where there is really persistent. Returns bureau over your decade over a decade and compete with the very best of the and do we actually have the data to tell you if they are the best in the industry or to compare them to sequoia. It's too hard to do but it also doesn't really matter rattling right. It would be fascinating to know if they're better than sequoia are better than benchmark. Not but like the ball game you know. Yeah and this. Also i think we can finally put to bed that leaked data in two thousand sixteen this other. The data was wrong at all but like the conclusion of peoples analysis. You know furthered the brand that they have in recent horowitz way underperforming. Gosh they're only at a two extra or point something and you're like okay. We don't know yet. Coin base if you had analyzed coin based in two thousand sixteen which you have been able to determine that it's going to whatever gigantic multiple. It was on that fun just from that one company. No there's no way you would have been able to the apple's take longer than lemons terrific that was i. I skipped over that and this time but it was a wall street journal article. That was so clearly a hit piece planet by rival venture firms where they had a bunch of quotes from. Lp's stuff that like they're the entries and returns. Were i think. The headline of the article was something. Like despite bluster whatever entries and returns are average. Yeah well. I don't have much more to add. And frankly i guess. I would throw an a on it with the plus sort of being if we ever got cleaner data but for what a challenge it was to break in and challenge the incumbents in such a short time frame. It's remarkable how well they've done.

sequoia horowitz wall street journal apple
"andreessen horowitz" Discussed on Acquired

Acquired

03:17 min | 4 months ago

"andreessen horowitz" Discussed on Acquired

"Anyway. We're splitting hairs here. These are pretty good in any case. One of the single greatest venture capital return to all time her argue. Well we're definitely gonna get to grading adele a little bit of math. It's napkin math. But i think it's interesting to cerna review this but let's do some analysis first. Let's take our narrative section. What's the bull case. And what's the bear. Case on. Andreessen horowitz moving forward. Let's start with the bull. I think we just painted the case. Right okay Bookcase i got to bookcases one crypto. I mean if you believe crypto is the next i wrote to and you got the first one okay next book as i would have. I'm curious if you'd have this as well as sixteen has been pretty adamant like you said about like bay area and in particular about western technology companies invest in they haven't touched china india etc in the world. No reason to think that their brand couldn't extend so that feels like a green shoot for them. Those are the two off the top of my head. I like that. I didn't have that the second one i had. Is this sort of. Hp two point oh notion of you know. In the old days before there existed a startup ecosystem where you could get funded by venture capitalists to go and pursue your idea you would try and rise up the ranks of an hp or one of these companies as an executive to go and invent the future and hp was the one hundred percent owner of every division e. was the one hundred percent owner of every division of their company obviously taking minority positions different. But can you sort of be. More of the hewlett packard in their heyday. If you aren't the majority shareholder of these businesses can you still find a way and now we're drifting in the kleiner perkins territory a little bit. But can you find a way to both provide the services find synergies between portfolio companies and really like find leverage from your own scale such that you can find economies of scale across the different companies. And by that. I mean does everyone really need their own. Totally separate finance team like at some scale probably not the same kind of thing that you see in industry consolidation when one company buys another. I'll be very curious if they sort of transcend the we help you out with part time resources thing in their networks to see if there's some way where like actually some part of the fundamental operations of the company are happening at the venture level interesting. It's kinda like an maybe sorta like an actual fulfilment of the You know the cia jury mexican machine thing Because the cia package like drastic park. You know the the packages that they were putting together. The talent pinot. They weren't part of the reason. Cia had to exist was like they're not gonna pull together a lake. I don't know. I don't know what goes into making a movie. But i'll assume there's a lot of stuff that the studios used to do and that was able to bring together into a package and then be like nope studios your finances now totally. I wonder if this is part of what's informing this. Hp to dotto strategy. Yeah i mean..

Hp Andreessen horowitz kleiner perkins bay area hewlett packard india china Cia
"andreessen horowitz" Discussed on Acquired

Acquired

02:32 min | 4 months ago

"andreessen horowitz" Discussed on Acquired

"You got coin base at what is it one hundred right around a cool hundred. You've got roablocks at forty five so that's one forty-five you got octa at thirty three. That's around one seventy yup. You got slack at twenty four. No let's take it to two hundred to two hundred you've got airbnb. That's another hyundai right there. Yup you got pinterest. Which is another forty five fifty yup arts or three fifty so like you can see sending that email being like good luck and like you do look at the they invested in your like yup far surpassed that and like we haven't talked about insta- car or data bricks or robin hood or and of course these are small positions but yeah it's so soga and then marks response makes jerking off motion with his says. We're elephant hunting. We're going after big game that has to be the first time that was printed in the new yorker new yorker. It must be so great. yeah. I mean well. The interesting thing is the whole industry seems to massively give whiplash from some new disruptive. And trent often who's writing bigger checks and has a bigger fund and the first reaction is. Oh my god complain about them. See tiger today. Exactly it was injuries and horowitz and then it was softbank and then it was tiger. And like at least with andreessen horowitz. And it seems like i don't have any information that's not public but like it seems like with softening vision fund one like strategy worked a heck of a lot better than people thought it was at least in the media was reporting so i don't know i suppose the next time my knee jerk reaction is to be like. Oh these new guys are. They don't know what they're doing and they're like being irresponsible and they're blown us out of the water like maybe think twice about just complaining and figure out. Okay how do i actually need to adjust my strategy. Because maybe this is gonna work You couldn't achieve me up any better here back to the new yorker article his quote a sixteen. These services model made a strong impression on. Sandhill road cook. Andriessen caused us to up our.

soga new yorker new yorker hyundai robin hood andreessen horowitz softbank trent horowitz Andriessen
"andreessen horowitz" Discussed on Acquired

Acquired

05:22 min | 4 months ago

"andreessen horowitz" Discussed on Acquired

"He's started site adviser and then hunch which was acquired by ebay he started founder collective the seed. Vc firm you'd been bessemer earlier in his career. people. I remember it because i used to live in new york. People really identified him with like new york venture capital. He's going to silicon valley. Join an android horowitz. This was big news and shortly after he gets there in two thousand thirteen. He leaves a series b. Going base twenty five million dollars in coin based at a one fifty. Post while oh man really overpaying for that one hundred fifty post what is this thing even do crypto. Here's the kicker over the years. And and horowitz would keep buying shares from other investors. So are there early. Investors are selling shares including usb and others and andriessen. Mrs bye bye bye bye man i mean this is like ventures a power law. We're talking about somebody. Great outcomes here like this one dwarfs everything everything else at the depot injuries neuro. It's steak earlier this year in coin base is worth eleven billion dollars. Oh my god that's 7-x that entire one and a half billion dollar fund like. Oh my god thank god for the investors and that one point six billion dollar fund that that coin investment was out this fund instead of one of the smaller funds because returning a one point six billion dollar fund no easy feat but if you have one eleven billion dollar return in there okay. Yeah and this is the whole thesis right like these outcomes are bigger than you think. There is no bubble. These valuations are not just justified but like the crazy prices. We're paying now. We're getting the deal wild. it's wild. They invest all told in seventy six new companies in twenty twelve in two thousand thirteen. They add another ninety seven new companies including lift and pager duty which is going to be another great win for them robin hood. They only do the seed in robin hood. I think they'll continue until i think that's right. I think until like twenty twenty or something and they did it with the growth fund. Yeah yeah oculus. By the way all this data that we're finding from our friends of the show at pitchbook just an awesome resource for digging through this and figuring out who participated in. What round totally off. So great for this episode data. Bricks is in two thousand thirteen which is still private. But that's gonna be a monster for them. Most recently valued at twenty eight billion. They lead the seed round and have participated in. I think every round sense. I bet they own a ton of that compound. Yeah can't wait to see that s one. I just love this episode. We've got so much great stuff and we've got to so much funny stuff to benefits. That was twenty thirteen. How i forgot. They were in benefit as the big ones in xenophon. Were they were holding that bag for sure. Clincal.

new york horowitz ebay robin hood
"andreessen horowitz" Discussed on Acquired

Acquired

03:20 min | 4 months ago

"andreessen horowitz" Discussed on Acquired

"Is they lead the series of octa the identity company which they would then own what eighteen percent at ipo yet they owned just a hair under twenty percent pre money the ipo before the new The ipo cash came in so that was ipo. valuation was six billion. Sarah six billion and today it's what is it thirty. Three billion that companies continued to be a monster. Yes so this is out of three hundred million dollar fund so at ipo. Their stake was worth. Call it one. A half to two billion at ipo attleboro and this one company and if they've held today which it's unlikely given it was a fund one for them totally and i'm sure they distributed over time so they probably captured some of this upside but just as a thought exercise twenty percent fifteen percent of. That's what five billion ish ish. Yeah not bad not pad and octa. This is another one that like mark talks about publicly as we were totally laughed at identity providers were thing already and like microsoft with active directory like it was owned but the ceo of fox. Todd mckinnon had this like big thesis around the shift to the cloud. Means that there's time for a new identity provider. There's room for a new person to come in and out of the incumbents are going to be able to react to it and mark always talks about that like this is the kind of thing that we loved hearing when there's like a rearranging of the technology paradigm used and right now. It's just by a small selection of people but overtime everyone will shift to the cloud but yeah he said they were totally laughed at for doing the octa deal because it was very against collective wisdom that that would be successful. Well do things want. It even goes deeper than that. Because tim house. Who was early netscape guy. And then co founder of lao cloud with ben mark and everybody he invented l. dab the directory access protocol. So they knew a lot about this and then the other thing you know just everything you said. It reminds me of the classics question. The why now why not well. It was great. Why now for octa. The cloud was changing everything. There were like a lot of companies around this time and even for the next five years where just saying. Hey we're gonna do a thing. That's already sort of settled frontier in a very settled frontier in the on premise world. But we're going to bet big on cloud and we're going to architect it in such a way that like. We're not even compatible with on premise world. If they miss time the enterprise shift to cloud the whole thing would have gone under because there. There would've been no way to be. I'm thinking specifically of like a snowflake the cloud based data warehouse. You had to be binary in your bet and say like we believe in this thesis at this timing and obviously with octa snowflake it paid off but you know with other cloud bets cloud cloud it did. The timing was our the why now is not not great. Well actually it was great. It was good story. It just didn't play out well so they're spending money as let's see maybe their Their enemies would say drunken sailors. Maybe it would be a good term at this point. We're still we're in early parts of two thousand ten. They've done fifty mil into skype. They've done all of these deals. They're doing tons the c. Deals on top of it. It's a lot..

Todd mckinnon attleboro tim house ben mark Sarah fox microsoft netscape mark skype
"andreessen horowitz" Discussed on Acquired

Acquired

04:55 min | 4 months ago

"andreessen horowitz" Discussed on Acquired

"Yup okay david so take us forward. They sell the business to hp. What's going on after that. So we've alluded to needing a couple times along the way mark head started naming. A what year is this. What year stops sale. I can't we did the episode with michelle easter. Yeah which was so great that hp and bought the company way back in early acquired history. So i wanna say it was two thousand five. I think actually don't ever in down. When mark started naming it was two thousand. Seven when obsolete was sold to hp okay so mark was gone along with ning and anding was sort of a away for any community to launch their own social network. I guess kind of in a way like what we have with our slack like white label facebook. Yeah once again ahead of its time mark. I think was not super thrilled with how that was going so he ended up stepping back fulltime brought in right after the acquisition doppler acquisition brought in jason rosenthal from ops wear who had been a netscape guy before that to come in and run ning mark. Step back to just being a chairman so remembered now in two thousand seven. We're now in the heyday of web. Two point zero which it's so funny like any other point in time if we hadn't had the tech bubble and the crash and everything lived through here. The rest of the market would have been gaga over. Facebook linked in singa shudder fly and was stored. Butterfield's i flicker Flicker and everything that was going on. It was so exciting in the valley. But because everybody's still had the hangover from web one dotto valuations were miniscule for these companies will in two thousand two thousand one two thousand to even in two thousand three venture firms weren't raising new funds so everyone's precious holding onto the last sunday..

hp michelle easter anding jason rosenthal mark ning mark ning david Facebook netscape Butterfield
"andreessen horowitz" Discussed on Acquired

Acquired

03:42 min | 4 months ago

"andreessen horowitz" Discussed on Acquired

"It's so funny. How like you. We've painted hopefully the picture on this episode of all the life experiences leading into netscape leading into loud cloud leading into that moment with benchmark and then ovitz joining like it's all it all it gets expressed in andrews. It's wow there's one more principle that you touched on earlier. That i want to a little bit of a bow on. That's a founding. Principle that company. When ben horowitz is getting dressed down in the partner meeting at benchmark and they asked him you know. When are you gonna hire professional. Ceo this becomes a major tenant of entries and horowitz about technical founders being ceo's and being armed with the resources that they need and the ability to even before they would otherwise acquire those skills sort of have a leap on being a professional ceo. And there's two thousand three interview. I love reading things from two thousand and three About mark and ben because it's a really interesting perspective where it's post netscape post loud cloud post crash but they're just angel investors. It's been six years before they start..

ovitz ben horowitz netscape andrews horowitz ben
"andreessen horowitz" Discussed on Acquired

Acquired

04:43 min | 4 months ago

"andreessen horowitz" Discussed on Acquired

"These different browsers are competing against each other. But there's kind of only two major lineages. There is the mosaic lineage. And then all those engineers left and without looking back at the old code they wrote new code called mozilla and everything is basically either from mosaic or mozilla. And there's been different stuff over the years with web kid and with whatever other. I don't know where operas derived from but it's amazing. How much of the browser market share overtime really just comes from those two and it all still funnels through to today. yep which is crazy yup. It's a fun to actually have the rain. Excuse now to be able to tell this whole story on acquired right they can always felt like netscape was kinda. There was a point in the choir. It's life where we would've done a whole episode on netscape but now like i don't know that we can do and this is the perfect vehicle. I'm so glad to do it totally. Well thank god from the lessons of netscape and allowed cloud which were about to go into became the the ashes upon which the phoenix of a landscape changing venture firm would come from so we the excuse. The fire fox have venture firms. So i mean honestly after the financial crash when all the funding like is not crazy to call it a fire fox or a phoenix or whatever in founding a venture firm in two thousand nine and deploying capital the way they did ahead. I know we'll get there absolutely. If you want to be a really nerdy you could call it. The thunderbird of i used to use thunderbird. I thought it was great. Yeah okay so back to the story ben and his team. They've realized this market opportunity. They've got this idea for a cloud computing cloud infrastructure so. We hooks up with two of his court team..

mozilla netscape phoenix ben
"andreessen horowitz" Discussed on Acquired

Acquired

04:36 min | 4 months ago

"andreessen horowitz" Discussed on Acquired

"And let's say it's ten overvalued what's four hundred million dollars of actual value to go and pick this company up which what we now know about the way that they were motivated to do. The time warner deal. Basically do a stock swap for a company whose stock they felt actually had real intrinsic value makes a lot of sense that they would wildly overpay for this sort of pseudo defunct netscape even if all they got was the people and some technology behind it. So that's one explanation. The other would be basically to get a bargaining chip against microsoft in case it became relevant for them to try and be less dependent on e to have a browser of their own that they could bundle. In and distribute. There are other people who believe that. Aol was interested in net center which is basically netscape's web properties which drew a lot of the traffic. It's sort of the like msn play. That microsoft had to be destination website. So that sort of the reasons why. Aol could have been willing to part with four point. Two billion dollars of their stock to do this. Now if you trace it all the way through today. I really had been trying to figure out what happened. To like the netscape brand and what happened. The netscape ip well. The brand is an easy one to trace that stayed with. Aol until they ultimately were bought by verizon so the big red checkmark verizon owns the netscape brand today but somewhere along the line the brand actually got separated from the technology the bundle of all the intellectual property and everything that netscape was which did need a new name. 'cause they couldn't use the netscape name anymore because that brand was owned by verizon so that got renamed new aurora corporation which. Aol sold to microsoft. Who then in turn sold them again to wait for david to facebook..

netscape Aol time warner microsoft verizon msn new aurora corporation david facebook
"andreessen horowitz" Discussed on Acquired

Acquired

05:08 min | 4 months ago

"andreessen horowitz" Discussed on Acquired

"So we're in. the browser. Wars microsoft just blew netscape out of the water. What's going on for netscape now. Such a tragedy. I mean that year of the ipo in nineteen ninety five. This is the thing like this. Actually a really great company. It did eighty five million in revenue. That's gifted in nineteen ninety five and nineteen ninety six to three hundred forty six million in red. Wow and then five. Thirty four..

netscape microsoft
"andreessen horowitz" Discussed on Acquired

Acquired

02:14 min | 4 months ago

"andreessen horowitz" Discussed on Acquired

"Steffi's done well. This is going to be great. I don't wanna say lie. Because it's not alive. But the sort of posturing from one of the key elements of the beginning of entries and horowitz Which is their motto that all the general partners here need to have been ceos like half of the first like five or six general partners. At never been see is right. And there's a lot of credibility behind that they were strong operational leaders executives. But yeah absolutely like jeff. Jordan led the pay pal acquisition around. Pay pal within ebay. Like i would take him on my board but yeah that's funny. Well this good point before we get into like the ninety six ninety seven ninety eight continuation of the browser wars. What happens to netscape. And i'll leave it there for the moment. This is a great time to announce our second sponsor of this season of acquired. We are very excited to welcome pitchbook to the show now as many if not all probably all of you know. Pitchbook is the leading financial data provider for vce private equity and all mergers and acquisitions. Their platform includes a database with information on more than three point. One million companies and over one point five million deals on a deviate from the script here and just say like it is so comprehensive like there is no better more broad coverage data source of private company data and the a lot of public company. Data out there. So i'll tell you they definitely don't sacrifice quality for quantity because ninety six percent of their clients rate pitch books coverage of private companies as better than any other data provider. And we also do want to tell you we use pitchbook. All the time for the podcast. It is a huge part of how we research and how we do our homework for episodes were able to share these precise details like pre and post on rounds share price shareholder equity who owns what throughout the story because of pitchbook and this has been true for years. If only jim clark had back in the days maybe he wouldn't have gotten deluded so much as negotiations so true i mean. I'm thinking back to our uber episode. Where we were telling the share price along all the different years it was getting funded. That was all from data. We pulled from pitchbook so listeners. We do.

Steffi Pitchbook netscape Jordan jeff ebay jim clark
"andreessen horowitz" Discussed on Acquired

Acquired

04:21 min | 4 months ago

"andreessen horowitz" Discussed on Acquired

"Because even jim clark for all of his executive nece from sgi for the ipo netscape actually did want this sort of like robust professional public market ceo. So everybody knows this is going on but Netscape thinks and the market thinks that. Okay you know microsoft's now they've got this internet explorer thing. They'd liceu mosaic. They're gonna run the office playbook year they're going to sell this at compusa and you know you're gonna buy it and blah blah blah. And then as he said then two weeks after the netscape. Ipo launch windows. Ninety five and not fully bundled in then but they say that there's the Windows ninety five plus pack and internet explorer is bundled into it for free and of course this would eventually very quickly internet explorer would just be bundled for free directly into every copy of windows ninety five and then windows..

netscape jim clark sgi compusa microsoft
"andreessen horowitz" Discussed on Acquired

Acquired

04:31 min | 4 months ago

"andreessen horowitz" Discussed on Acquired

"Pc's they all here in the news. Netscape is going public. They're using that's they want retail. Wants the hype so famously. There's going to be a pop. This is like the origin of the pop. The pop earliest the extreme. Ipo pop so famously. Charles schwab the brokerage. They had to change their phone systems leading up to the ipo. Because remember there's no internet brokerages at this point. You can't place orders online. Even through netscape so they changed their phone system. That when you called your broker at charles schwab you'd get a message in the couple of days leading up to the netscape. Ipo that's welcome to charles schwab. If you're interested in the netscape vio president one one. Oh my goodness so. There is so much demand it takes hours to open up the stock on the day. The ipo it opens at seventy five dollars a share. Wow remember the bankers were like. I don't know that we can go up to twenty eight the night before. They thought they were gonna price it fourteen. The bankers reluctantly ipo. At twenty eight and then the first retail trade happens at seventy five seventy five. Yup it falls a little bit during the day but it closes at fifty eight dollars a share giving the company a three billion dollar market cap. Just insane totally insane. I think microsoft was about ten billion at this point in time. I remember it and it's worth saying if you things one this absolutely kicked off the dot com bubble. This was the moment that it started. There were a couple of internet..

netscape charles schwab Charles schwab microsoft
"andreessen horowitz" Discussed on Acquired

Acquired

04:49 min | 4 months ago

"andreessen horowitz" Discussed on Acquired

"All this on netscape in eastlake. I gotta get in there. I gotta make it happen. So he has a friend get him in connection he goes in the interviews and he gets a job and he gets put in charge of the enterprise web server product. Line at netscape and this is because there aren't web servers yet right. What's the point of having a browser to load web pages. If there's no software that can sit on servers that can create web pages exactly so this is going to become like really big. But at the time i don't know have been was feeling whether he was excited about this or not. But it was kind of like okay like is howard. Golic make money. We're gonna sell licenses for the server business so that companies can create websites and have commercial websites but the big sexy thing is this browser that is getting millions of people using it so it was kind of this part of the company that was like yeah like necessary. This is how we're going to make money in an is a beautiful time-tested business. Model like giveaway. The consumer thing for free get as many people on that as you possibly can. It's actually kind of the first. Real example of aggregation theory netscape ends up becoming powerful in the ecosystem because they're able to get all the internet users using it and thus then sort of apply pressure to businesses. That if you wanna create great websites you can do so and we promise be compatible with netscape browser that everyone uses. You should buy these tools from us. It makes a lot of sense. Yeah and really. I only came about because of the history of mosaic. Being part of ncsa. Like if i don't know some company like microsoft say were to otherwise have gone out and created a new piece of software china. Right they did with word or excel or powerpoint that they bought consumer licenses. Yeah natural thing. Do you put it in a box. Put it on a cd..

netscape Golic eastlake howard ncsa microsoft china
"andreessen horowitz" Discussed on Acquired

Acquired

05:09 min | 4 months ago

"andreessen horowitz" Discussed on Acquired

"We know david sort of already the counterculture when they get back to berkeley get. This he intersects with huey newton the leader of the black panthers and becomes very close with him and with the panthers. And when i say very close i mean like very close so he writes about them in ramparts all the time helps bring them to national prominence the whole family including of course young men would go to the black panther church every sunday in oakland. The son of man temple. Wow crazy and this is a little bit. Certainly outside the scope of acquired but just to paint the picture of like where ben came from the black panther party like if you're not american or from the. Us studied american history lake. It was one of the most powerful forces for blackened civil rights in american history and the whole family is right in the middle of it but unlike martin luther king and the civil rights movement the panthers did not advocate for nonviolence. Shall we say less about the civil disobedience more about the disobedience more about the disobedience. i didn't know this but it was actually originally founded as the black panther party for self-defence. Oh wow and the whole purpose of it was to resist police brutality against black people in oakland that was the origin of the black panthers. Wow wow i mean this was like a wild time so in one thousand nine hundred ninety nine. Fbi director j edgar hoover described the black panthers as the greatest threat to the internal security of america. That's how wild this was. So they're like right in the middle of it including young ben patty hearst kidnapping like everything so then in nineteen seventy four. When ben is eight an incident happens with changes things dramatically very dramatically so the panthers needed help with their bookkeeping. And so huey turns to david. Who's running this organization. Ramparts says like hey..

panthers huey newton oakland black panther party black panther party for self-d berkeley david ben j edgar hoover martin luther king internal security of america ben patty hearst Us Fbi huey
What the NFT Gold Rush Means for Fashion

The Business of Fashion Podcast

02:16 min | 7 months ago

What the NFT Gold Rush Means for Fashion

"Week b. o. Fs deputy editor brian. Baskin speaks to ben wada goto founder of our which recently raised eight million dollars in funding. From andreessen horowitz coronado abs co-ceo the d. materialized ambush luton co founder and creative director of the fabric cat as well as b. o. Fs editorial associate mc nanda about what. The nfc gold rush could mean for the fashion industry. And whether all the hype will deliver on the promise that this could be the next major growth factor for an industry trying to reinvent itself. I m c explained the most recent development with nafta's in the fashion industry. An t is non fungible token and. That's a unique digital asset that sought chain technology so that contains a digital ledger. That sort of a record of all transactions end woods made this space really exciting and almost every industry has kind of brushed to the market in part. Because it's of within not leisure shows verifiable evidence of price but also ownership of a good that she can't be tampered with or altered that exists forever within this Within this sort of a ledger so this has been really exciting for number of brands. I think the one that sort of gained everyone's attention sort of started. The article was the collaboration between artifact end in eighteen year old digital artists known as ferocious That actually saw. I think it was over six hundred twenty. One at pairs of sneakers were sold from three thousand to ten thousand dollars and three point one million dollars total rhythm Virtual sneakers were sold in under seven minutes which obviously got the acid world looking to to the market. So this has been a really interesting sort of nixon in everyone on this panel. I've spoken with over the past few months as relate shown can to the market. And how what that might look like a starting with sort of the fabrications first entity between eighteen nelson moving forward towards artifacts at inversiones at collaboration that people

Ben Wada Goto Andreessen Horowitz Coronado A Luton Co Mc Nanda Baskin NFC Nafta Brian Nixon Nelson