a16z Podcast

a16z Podcast: Entrepreneurs, Then and Now

Jun 28, 2019
Stewart Butterfield, the founder and CEO of Slack, joins Marc Andreessen and Ben Horowitz for a deep dive into the evolution of entrepreneurship over the past decade. They discuss the emergence of dual-skilled founders in tech and life sciences, reflect on the shifting philosophies of venture capital, and highlight how cynicism has shaped evaluations of groundbreaking technologies like CRISPR. The trio also navigates the emotional challenges faced by VCs and entrepreneurs, emphasizing the importance of persistence and adaptability in the ever-changing landscape.
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INSIGHT

2009 Entrepreneurs

  • The 2009 entrepreneurs were a special group, having persevered through challenges before starting their companies.
  • This resilience stemmed from facing difficulties and still choosing entrepreneurship.
INSIGHT

New Entrepreneur Types

  • Two new types of entrepreneurs emerged in the last decade: operationally focused founders and dual-disciplined experts.
  • Operationally focused founders handle real-world logistics, while dual-disciplined founders combine expertise like biology and computer science.
ANECDOTE

Early Tech Skepticism

  • In 2009, the iPhone was seen as a cool gadget with limitations, not the defining device it became.
  • Cloud services like AWS were dismissed as toys, highlighting how big trends aren't always obvious initially.
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