"[SOUND] Thank you very much for taking the time to come in and speak to us. Many of us, are aspiring entrepreneurs, so we'd really quite like to be like you. And, many others, would also like to pitch..."

"the, the three main topics I'd love to cover today. The first is your views on tech and venture capital trends. The second is, how you assess entrepreneurial DNA. And the third is your views on leader..."

"right now I'm on the, I'm on the, I'm on the Facebook board and I know that you all would not come visit me in jail. So I will, I will keep that one to myself. so, there's a couple of big things. So, ..."

"And so she's got this whole thing, and it's basically this multi-generational process. And there's what, it's basically these two big, sort of phases of it. There's what's called the installation phas..."

">> Yeah, no, that makes sense. When you, as you say, when you look at the, the cost per user, it's actually only $36, which is much, much less than in many others for the What'sApp deal. But another t..."

"So I kinda divide the story of how technology, the great technology companies got built kind of in the three phases and I think we're in the third phase now. The first phase was in the 40s, 50s, 60s, ..."

">> Could you see the role of MBAs in terms of helping scale through that sales and marketing function? >> Yeah, so, yes, definitely and, and, in fact, in the abstract, there is kind of two models, tha..."

">> So at, at Andreessen Horowitz, the, the VC fund you founded, you invest in many of these founder COs. They all want a share-all? >> Yep. >> And finding a share-all isn't, isn't necessarily that eas..."

"So we kinda decided on two things that would come out of that. Which is, one is, if you have somebody running a company who has not run a company before or has not, maybe, necessarily been a manager i..."

"what's, what's the, you know, we sort of thought about what are the reasons why? You know, if, if a VC brings in a professional CEO and fires the founder, why do they do it? Part of it is likely exper..."

"a sharer as a consequence, we, waiting for, we are trying to build very deep relationships with all the sharer of both genders, throughout the valley just a sort of a normal part of sort of art networ..."

"We narrow that down to a couple hundred that are taken particularly seriously. And I would say there's kind of this very interesting kind of process where there's you know, say the hard thing is decid..."

"quotes, he quotes Nichie a lot on these, he says it's, it's will to power, it's, it's you know, it's people who simply will not stop. and, and by the way, right, there's always been this kind of thing..."

"The You spoke about Ben's, Ben's book and, and Ben talks a lot about these, these challenges, the whole notion in the book is dealing with the hard things and have there been hard moments in your rela..."

"So you, you know I would say at this point, at this point it's troubly hard to untangle how the partnership works other than just we've been working together for so long. And so we have the we have a ..."

"intersection point of what's kind of intellectually the correct thing to do or the optimal thing to do and then the actual practical reality, of what can be done. He talks a lot about one of his theor..."

"And so whenever we work with entrepreneurs we often have very similar advice cuz it's kind of, it'll be tempered through the very practical realities of what you have to do to get through a situation ..."

">> Yep. Fair enough. >> And oil companies and airlines. >> Yeah, it was, it was interesting to see that in, as you, as you blogged in 2011, he was advocating exactly the, the sorts of board management..."

"So it's basically, it's, you know, sometimes, yesterday was like eight hours, it can be as long as 12 hours straight, of just straight meetings. And so, it's basically two things happened on a Monday...."

"Are there any particular technologies or industries that you're, you're most, excited about? >> So there's a two part, two part answer to that. And so, the first answer I will answer the question in t..."

"You see it in Hollywood, right? It's like one volcano movie works and then there's like 400 volcano movies. It's like how many freaking volcanoes? It's like 35 of the top hundred games of the iOS app ..."

"in the course of an hour, can basically walk you through. Where we have this sort of concept we use called the idea maze, which is the really bright founders with these really radical ideas tend to go..."

"Right? You moron. You've been sitting here listening, you know, this is them to me, you've been sitting here listening to me for 20 minutes and I've been working on this for five years, and you think ..."

">> So what, what drove you? And, and perhaps you could answer in this context when we apply to the GSP we all get asked to write an essay on the following question, what matters most to you and why? S..."

"And so it's an amazing, it's an amazing, amazing time in terms of what we can do. In terms of starting a venture capital firm there is an aspect to starting there are some serial entrepreneurs who lik..."

">> We're actually hosting the Future of Media Conference here tomorrow. So I was interested to ask you about the news business. Of course you've been tweeting and writing and thinking a lot about that..."

"be from companies that are, that are able and that are willing to compete. >> I'm looking for an internship in High Tech, and there is a great quote that software is eating the world. And what I think..."

"That I talked about a lot in public. But I think education is right for, for transformation. Actually, Clay Christianson has been doing really amazing work on that th, it's worth reading. He's very pa..."

"on, we haven't gotten to yet, but in the long run law and government are the other two really big ones but those are probably more in the out here, talk about that more at a future date. >> How do you..."

"And then of course huge political change and a lot of that is a consequence of people number one being able to see what they're missing and then number two being able to organize. And we think the pot..."