a16z's New Media Playbook

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The a16z Show 48 min 4 speakers 7 chapters transcribed 1 month ago
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What is new media and why does the old playbook no longer work?

Jack Altman 0:00
This episode is from a recent A16Z All Hands meeting where Ben Gorowitz, Mark Andreessen, and I discuss the firm's new media strategy. We cover why the old media playbook no longer works, why being interesting matters more than being inoffensive, and how speed and authenticity have replaced polish and caution.
Erik Torenberg 0:19
Really stoked to be making this happen. Today's gonna be a fun one. We're gonna dive into all things new media. First start with a high level conversation about what is new media, how the media industry has changed. And then get into what the new media team is doing here at A16Z, what we've done so far, what we're focused on, and where we're going in 2026. But first we thought we'd start with a little sizzle reel that gives a little bit of uh insight into some of the activity that we've done here. So
Unknown 0:55
They pitched to us this idea of working with a virtual production using Marble Sing. And we look at the calendar. This is such a crazy idea. Hi, I'm Jessica.
Jack Altman 1:07
Hi, I'm Jay. I'm Kevin Moody, founder of
Unknown 1:09
Foda Labs.
Jack Altman 1:10
E
Unknown 1:10
Stola has raised a
Marc Andreessen 1:11
seventeen million series A led by A sixteen Z.
Erik Torenberg 1:14
Mark, Prisilla, Sam, Zoo Jennifer, welcome, welcome, welcome to the A Six Z podcast. We're we've entered a world where attention is the scarcer.
Ben Horowitz 1:22
There's unlimited channels. Um and then the brands are mostly people. If you grew up in marketing, your whole concept of the laws of physics is different. You have to approach new media with new media thinking, new media people, that kind of thing. The the world of media is completely different than when we started. They seems to market themselves.
Marc Andreessen 1:46
There's actually tremendous hunger in the country and in the world for actual law form intelligent commentary.
Ben Horowitz 1:52
If you want to do something larger than yourselves and make the world a better place, we are a hundred percent for it.
Erik Torenberg 2:02
One quick story I want to tell is to the video that we put out for the fundraise announcement, which uh is our third most popular post ever. On the last night before putting it out, we had trouble getting one of the rights cleared for one of the songs that actually was like the backbone for the video. So the team using Eleven Labs recreated a different song that I think was actually better, but it was uh sort of an amazing Last night's sprint to make it all work. And I I want to start there with the fundraise announcement because Ben, you had this quote which I think summarizes one of the main principles of new media. I just want to read a small part of it and then have you elaborate. Old media is defense oriented.
Erik Torenberg 2:44
In new media, offense is always better than defense. We've spent many years fretting about our results being leaked. Old media tries to please every audience. Old media is terrified of upsetting people, and new media only cares about being interesting. When in doubt, flood the zone.
Ben Horowitz 3:00
Yeah. Yep. That sounds like something I said.
Erik Torenberg 3:04
Why don't you share some of the tenets behind that idea and how you came to it?
Ben Horowitz 3:08
Yeah, so actually it's interesting. It's a really weird adjustment going from, you know, I mean, I spent my whole career in old media or dealing with old media and now we're in new media. In the history of the firm, the one thing that we really, really, really, really defended against was basically leaked results. And the reason, and it goes back to in the pretty early days of the firm, the New York Times got a leak of our results. And I mean, we were like a young firm, so most of the funds were like a year old. And venture capital firms don't have high returns in the first year because nothing happens in the first year. It's not like a stock market type thing. And so they miss or maybe it's a Wall Street Journal, one of the two, but th they misinterpreted the results.
Ben Horowitz 3:59
So they kind of said, well, the early funds were good, because those had enough years to get kind of returns in them. But fund three was terrible and like da da da and so forth. And because old media was still powerful, it was very hard to combat it. Yeah, we put out statements and this and that and the other and blog post explaining like why they were wrong, but it didn't land.

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