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Ben Horowitz

πŸ‘€ Speaker
1408 total appearances

Appearances Over Time

Podcast Appearances

The a16z Show
Ben Horowitz on Venture Capital and AI

And that, and then every corporation that bought technology and so forth.

The a16z Show
Ben Horowitz on Venture Capital and AI

And we were in our minds creating kind of this network effect that would just make us the best place to raise money from because we were like an automatic, you could tap into that network and become extremely powerful, like right off the rip.

The a16z Show
Ben Horowitz on Venture Capital and AI

And, you know, I think a lot of people,

The a16z Show
Ben Horowitz on Venture Capital and AI

didn't understand, like, how hard that was to do, and then the bootstrapping of any network is always the most difficult thing.

The a16z Show
Ben Horowitz on Venture Capital and AI

So, like, yes, if you have a network with a billion people on it, it's going to be very valuable, but, like...

The a16z Show
Ben Horowitz on Venture Capital and AI

You know, how did Alexander Graham Bell sell the first telephone when there was nobody to talk to?

The a16z Show
Ben Horowitz on Venture Capital and AI

Like that part is actually really hard.

The a16z Show
Ben Horowitz on Venture Capital and AI

And so figuring that out and how to bootstrap the network effect, you know, kind of coming from behind in venture capital was the idea.

The a16z Show
Ben Horowitz on Venture Capital and AI

That's getting more important, by the way.

The a16z Show
Ben Horowitz on Venture Capital and AI

Exactly.

The a16z Show
Ben Horowitz on Venture Capital and AI

Well, the really simple idea was we knew like venture capitalists made a lot of money, right?

The a16z Show
Ben Horowitz on Venture Capital and AI

So they would take the fee money and then they pay themselves big salaries.

The a16z Show
Ben Horowitz on Venture Capital and AI

And so we were like, well, what if we didn't pay ourselves anything?

The a16z Show
Ben Horowitz on Venture Capital and AI

And we just took all the money and we basically spent it on building this network.

The a16z Show
Ben Horowitz on Venture Capital and AI

So we would hire people to like bring people in.

The a16z Show
Ben Horowitz on Venture Capital and AI

We, you know, with our kind of

The a16z Show
Ben Horowitz on Venture Capital and AI

How do you get relationships with every big corporation, FedEx and this and that and the other?

The a16z Show
Ben Horowitz on Venture Capital and AI

And the trick that we had there was we had sold the previous company to Hewlett Packard.

The a16z Show
Ben Horowitz on Venture Capital and AI

And so we knew the people in their enterprise briefing center.

The a16z Show
Ben Horowitz on Venture Capital and AI

And so we would call them every week and say, who's coming to the briefing center this week?