Networking and Raising Money in Entrepreneurship

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This chapter emphasizes the importance of networking and raising money in entrepreneurship, discussing how they are crucial for success in business. It highlights the significance of building connections, meeting with VCs, and learning how to raise money. The chapter also explores the importance of market size in investment decisions and the challenges of evaluating it.

Welcome to “The Ben & Marc Show”, featuring a16z’s co-founders Ben Horowitz and Marc Andreessen. In this week’s episode, Marc and Ben answer YOUR questions from X (formerly Twitter).

In this one on one conversation, Ben and Marc discuss the best way to approach a VC, how their views on crypto have evolved over the past few years, and whether we should be using AI to bring iconic musical artists back from the dead. That and more! Please enjoy.

Topics Covered:

00:00:01 Teaser

00:00:31 What is the best way to approach VCs for potential funding?

00:04:53 Which of your foundational investment dogmas have withstood the test of time?

00:13:31 What are your thoughts on the creator economy blending into startup territory?

00:21:32 What happens when the cost of AI goes to zero?

00:27:18 How will generative AI change public education?

00:34:33 How soon before AI advancement allows ALL people to access their greatest creativity?

00:38:53 Are data centers in a position today to accommodate the growth of AI apps?

00:43:49 Could AI replace governments in the future?

00:49:20 What are your thoughts on AI being used to create new songs by mimicking deceased artists?

00:53:57 Is the issue of a growing wealth gap in society solved through techno-optimism? 01:00:35 How do you assess the future economic and technological growth potential in the Middle East?

01:07:29 Do you see recent crypto scandals (like FTX) leading to more government regulations?

01:11:41 How have your views on crypto changed over the past 5 years?

01:15:08 What was your last strongly held belief that you’ve changed your mind on?

01:20:25 Sign off

Resources:

Marc on X: https://twitter.com/pmarca

Marc’s Substack: https://pmarca.substack.com/

Ben on X: https://twitter.com/bhorowitz

Book mentioned on this podcast:

– “The Case Against Education: Why the Education System Is a Waste of Time and Money” by Bryan Kaplan https://amzn.to/47HOSOO

Films mentioned on this podcast:

- “Who Killed the Electric Car?” https://amzn.to/3Ne2uZU

- “Tropic Thunder” https://amzn.to/41bVzXg

Stay Updated:

Find us on X: https://twitter.com/a16z

Find us on LinkedIn: https://www.linkedin.com/company/a16z

The views expressed here are those of the individual personnel quoted and are not the views of a16z or its affiliates. This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors and may not under any circumstances be relied upon when making a decision to invest in any a16z funds.

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