Trump's Cabinet, Google's Quantum Chip, Apple's iOS Flop, TikTok Ban, State of VC with Keith Rabois
All-In with Chamath, Jason, Sacks & Friedberg
Deep Dive
Why did Keith Rabois leave Founders Fund to join Khosla Ventures?
Keith Rabois left Founders Fund due to his dislike for commuting to Sand Hill Road daily. He believed the future of investing was more in San Francisco than Palo Alto, and Founders Fund's inflexibility on remote work during the pre-COVID era made the decision easier.
What is the main difference between Founders Fund and Khosla Ventures in terms of investment strategy?
Founders Fund is a momentum investor, focusing on later-stage companies with high valuations, while Khosla Ventures invests much earlier, often at the seed or series A stage, with few exceptions like Stripe.
What is Google's new quantum chip, Willow, capable of?
Google's Willow chip performed a benchmark computation in under five minutes that would have taken today's fastest supercomputers 10 septillion years. It represents a significant milestone in quantum computing, potentially impacting cryptography and encryption standards.
How could Google's quantum computing advancements impact encryption standards?
Google's quantum computing advancements could theoretically allow for the cracking of modern encryption standards like RSA and SHA-256 within a few years. This has led to a push for post-quantum encryption standards to secure data in the future.
Why is Apple developing its own AI server chips?
Apple is developing AI server chips to enhance privacy and AI capabilities on local devices, ensuring that AI experiences are compelling while keeping user data off the cloud. This aligns with Apple's strategy to maintain control over both hardware and software.
What are the key issues with Apple's iOS 18, as mentioned in the podcast?
Users have reported significant issues with iOS 18, including frequent crashes, non-functional apps like Photos, and overall decreased usability. The podcast suggests that Apple's lack of a strong arbiter of taste and quality control has led to these problems.
Why does Keith Rabois believe TikTok poses a national security threat to the United States?
Keith Rabois argues that TikTok poses a national security threat due to its ability to track American users' data, the CEO's false testimony about data access, and China's legal requirement for companies to provide user data to the CCP upon request. Additionally, the app's potential for content manipulation and unfair competition in the U.S. market adds to the concern.
What is the current state of venture capital deal activity, according to Keith Rabois?
Venture capital deal activity is returning to pre-COVID levels, with AI companies seeing particularly strong interest. However, exits are lagging, and the industry is still adjusting to the overhang of high valuations from previous years.
Why does Keith Rabois advocate for companies to go public early?
Keith Rabois believes that going public early provides accountability, transparency, and discipline, which are beneficial for companies. It also allows them to access public currency for strategic acquisitions, which can be crucial for growth and innovation.
What is the primary use case for crypto, according to Keith Rabois?
Keith Rabois sees speculation as the primary use case for crypto, but he also believes that the network effect of crypto could enable the development of valuable applications on top of it, similar to how Facebook's social graph enabled new applications.
- Transition from Founders Fund to Khosla Ventures and back
- Differences in investment styles between Founders Fund and Khosla Ventures
- Emphasis on early-stage investments and founder assessment
- Role of VCs in company building
Shownotes Transcript