Latest Interviews
Showing 61–62 of 62 interview transcripts.
Clear all filtersWhat Does it Take to Be Good at Series A and B Today?
Rory O'Driscoll, Jason Lemkin, Fabrice Grinda, Harry Stebbings
Venture capital markets are currently navigating a dual reality defined by an AI-fueled "gold rush" and a constrained liquidity environment where exit windows remain closed. Investors are diverging between aggressive "megatrend" bets on artificial intelligence and defense technology versus deep-value plays in digitized B2B sectors, while grappling with rapidly evolving risks such as model obsolescence and geopolitical instability. This high-velocity landscape is forcing strategic shifts toward earlier exits, a preference for "deranged" founders capable of exponential scaling, and a structural reevaluation of how private company lifecycles align with technological obsolescence.
a16z's $20BN Fund & Founders Fund's $4.6BN & Why Josh Kushner Has Mastered the Game
Josh Kushner, Rory O'Driscoll, Jason Lemkin, Harry Stebbings
The discussion analyzes a shifting venture capital landscape dominated by high-concentration "Thrive" strategies that prioritize massive late-stage liquidity over diversified early-stage portfolios, while noting that traditional SaaS models are becoming obsolete due to volatile product-market fits and aggressive AI competition. Investors face significant headwinds including a $2 trillion liquidity crunch in mature software, a mismatch between PE acquisition criteria and VC-backed horizontal startups, and ethical erosion driven by normalized secondary cash-outs and accounting manipulation. Despite these structural risks, institutions continue deploying capital into binary AI bets and founder-concentrated funds, even as market valuations reach unsustainable levels that threaten a future correction when private exit mechanisms fail to satisfy limited partners.