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Anish Acharya

πŸ‘€ Speaker
2756 total appearances

Appearances Over Time

Podcast Appearances

The a16z Show
Network Effects, AI Costs, and the Future of Consumer Investing with Anish Acharya on The Kevin Rose Show

So Jeff used to say this thing.

The a16z Show
Network Effects, AI Costs, and the Future of Consumer Investing with Anish Acharya on The Kevin Rose Show

He said a lot of things which were, you know, forward looking, but one was we should assume that we're going to live in a world where our buyers have perfect information.

The a16z Show
Network Effects, AI Costs, and the Future of Consumer Investing with Anish Acharya on The Kevin Rose Show

Right.

The a16z Show
Network Effects, AI Costs, and the Future of Consumer Investing with Anish Acharya on The Kevin Rose Show

And if you think of like how much of industry and commerce is based on either buyer laziness, apathy, or this asymmetric sort of information between sellers and buyers, what if that goes away?

The a16z Show
Network Effects, AI Costs, and the Future of Consumer Investing with Anish Acharya on The Kevin Rose Show

Yes.

The a16z Show
Network Effects, AI Costs, and the Future of Consumer Investing with Anish Acharya on The Kevin Rose Show

What if like you have to win by product quality, always 100%.

The a16z Show
Network Effects, AI Costs, and the Future of Consumer Investing with Anish Acharya on The Kevin Rose Show

There's zero value in brand.

The a16z Show
Network Effects, AI Costs, and the Future of Consumer Investing with Anish Acharya on The Kevin Rose Show

There's zero value in marketing.

The a16z Show
Network Effects, AI Costs, and the Future of Consumer Investing with Anish Acharya on The Kevin Rose Show

Like, isn't that just a better world to be in?

The a16z Show
Network Effects, AI Costs, and the Future of Consumer Investing with Anish Acharya on The Kevin Rose Show

100%.

The a16z Show
Network Effects, AI Costs, and the Future of Consumer Investing with Anish Acharya on The Kevin Rose Show

And so many of these areas, I think financial services is another big one.

The a16z Show
Network Effects, AI Costs, and the Future of Consumer Investing with Anish Acharya on The Kevin Rose Show

We were talking about Hero before the show, right?

The a16z Show
Network Effects, AI Costs, and the Future of Consumer Investing with Anish Acharya on The Kevin Rose Show

Which is a company that was acquired by OpenAI yesterday.

The a16z Show
Network Effects, AI Costs, and the Future of Consumer Investing with Anish Acharya on The Kevin Rose Show

Really talented founder, Ethan, who started Digits prior with this sort of consumer FinTech mission that many of us had, which is like, hey, why can't we just make this system efficient and work for the everyday consumer?

The a16z Show
Network Effects, AI Costs, and the Future of Consumer Investing with Anish Acharya on The Kevin Rose Show

Right.

The a16z Show
Network Effects, AI Costs, and the Future of Consumer Investing with Anish Acharya on The Kevin Rose Show

And it's like, why should they have to know how the credit system works and how to play the game and how to do all of these things?

The a16z Show
Network Effects, AI Costs, and the Future of Consumer Investing with Anish Acharya on The Kevin Rose Show

And I think with agents, a lot of that just goes away.

The a16z Show
Network Effects, AI Costs, and the Future of Consumer Investing with Anish Acharya on The Kevin Rose Show

Your agent goes and makes great financial choices on your behalf, given your constraints.

The a16z Show
Network Effects, AI Costs, and the Future of Consumer Investing with Anish Acharya on The Kevin Rose Show

And I think that's going to happen in a lot of product categories and it'll be a much better sort of world and society as a result.

The a16z Show
Network Effects, AI Costs, and the Future of Consumer Investing with Anish Acharya on The Kevin Rose Show

I know.