Chamath on why young people need more agency, risk, and adventure

This Week in Startups

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The $5 Trillion Opportunity In Software Services

Chamath estimates ~90% of global GDP needs software and the software industry costs about $5T/year.
He splits that $5T into ~$1T licensing and ~$4T maintenance/migration/services — the target for efficiency gains.

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Episode notes

This Week In Startups is made possible by:

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Today's show:

*It's another All Star Summer, as we welcome back some of our favorite guests from throughout "This Week in Startups" history.

Chamath Palihapitiya's development platform 8090 just raised $135 million, and he's using it to go after a $4 trillion market: the software maintenance, migration, and middleware spending that's currently "pure waste" for enterprises.

Find out why the All-In Podcast bestie says every company should use AI to build custom software the way that Google, Facebook, and Meta already do, then go inside Software Factory, the "system on a chip" organizational model, and why Chamath believes AI will allow every human on Earth to start their own company.

Guest:

Chamath on X: https://x.com/chamath

8090: https://www.8090.ai/

Learn With Me on Substack: https://chamath.substack.com/p/learn-with-me

Drink With Me: https://www.drinkwithme.com/age-verify.html

All-In Podcast: https://allin.com/

Social Capital: https://www.socialcapital.com/

Relevant Links:

8090 Series A announcement: https://x.com/chamath/status/2071571183665881515

Salesforce Ventures: https://salesforceventures.com/

Craft Ventures: https://www.craftventures.com/

The Production Board: https://www.tpb.co/

WNDR: https://www.wndr.vc/

LAUNCH: https://www.launch.co

Coatue Management: https://www.coatue.com/

Jack Dorsey: "From Hierarchy to Intelligence": https://block.xyz/inside/from-hierarchy-to-intelligence

Thomas Keller's The French Laundry: https://thomaskeller.com/tfl/

Timestamps:

0:00 It's TWiST All-Star Summer!

1:22 Plaud: If your work depends on conversations — interviews, meetings, calls — you need a Plaud NotePin. You can check it out at https://Plaud.ai/twist and use code TWIST for 10% off!

3:21 Chamath's origin story

7:54 Tom Sawyer entrepreneurship

11:29 Shopify - Turn those What If's into sales with the ecommerce platform powering millions of businesses. Sign up for your $1-per-month trial today at https://shopify.com/twist

16:25 The $5 trillion software market

21:06 LinkedIn Jobs - Hire right, the first time. Post your first job and get $100 off towards your job post at https://LinkedIn.com/twist

25:00 Building "a co-founder for every human"

31:51 Northwest Registered Agent - Get more when you start your business with Northwest. In 10 clicks and 10 minutes, you can form your company and walk away with a real business identity — Learn more at https://northwestregisteredagent.com/twist

35:00 How product development lost its way

45:00 Regulated industries are the beachhead

50:00 Raising the $135M Series A

55:00 8090's "System on a Chip" model

1:04:44 What to tell your kids about AI

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