Latest Interviews
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Clear all filters- a16z7 min
Why Your Mortgage Is So Complicated: The History and Opportunity of the Modern Mortgage
Following the Great Depression's widespread defaults, New Deal reforms replaced volatile balloon-payment structures with the modern fixed-rate mortgage and established government-backed entities like Fannie Mae and Freddie Mac. The current 2018 industry structure relies on a fragmented chain of intermediaries, including national banks, brokers, and servicers, where single loans involve dozens of parties and generate significant fees through complex securitization. Critics argue this 100-year-old model is inefficiently expensive, suggesting that removing unnecessary middlemen and digitizing manual processes could substantially reduce consumer costs.
- a16z20 min
a16z Podcast | The Evolution of Payments
Stripe co-founders John and Patrick Collison established the company in 2009 to serve internet-native startups and now target enterprises by transforming payments into a strategic "revenue platform" that optimizes conversion and solves data fragmentation. By leveraging modern fraud detection and deep engineering integration, the firm has generated measurable growth outcomes like a 7% mobile conversion uplift for Wish while challenging legacy infrastructure reliant on static 1960s models. Ultimately, Stripe aims to capture the $600 billion payment market by shifting the industry focus from cost-centric processing to unified revenue management, anticipating that startups with superior distribution will out-innovate incumbents.