CEO, NQB8. GP, @FlexCapital. fmr CEO, @LiveRamp. loves: crazy ideas, weirdos, and email. host: Summation podcast. reading: @AurenReads
Washington, DC
Joined November 2006
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treat your AI agent the exact way you would your teenager. give it a sub-account with a spending limit.
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new summation pod with Omer Ismail, CEO of OnePay, the Walmart-backed neobank now worth around $4B. he built Marcus at Goldman Sachs before this. we get into why customers want to hide their savings from themselves, giving your AI agent a bank account, and why experience is overrated.
youtube.com/watch?v=au3DaDFI…
our kids are AI reflexive in a way we never will be. the most important shift for the rest of us is to go from "should i use AI for this" to defaulting to using it first.
if you are not learning more today than you ever have, something is wrong.
Vinod Khosla is 71 and says he is learning faster than he did at 20.
for 200 years "follow your passion" was really bad advice because rent was always due.
AI will be the first thing to make it good advice.
h/t Vinod Khosla on the Summation pod
new summation pod with the legendary Vinod Khosla: @vkhosl – we get into why experts are always wrong, why most VCs add negative value, and why "follow your passion" finally became good advice.
youtube.com/watch?v=wTVqhQPO…
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most generational companies started as side quests.
building a residency for people still employed who want to hack on interesting projects in their spare time. nine days. nights + weekends. outside washington DC.
need to be willing to work super hard and capable of making real progress in a short window.
very selective — apply: weekendsandnights.com/
the Mandarin Oriental in one country remembered what my family liked at a Mandarin Oriental in another.
but great service should not be limited to high-end hotels. every single restaurant and service business can do that with software. and it is easier than ever now with AI.
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software is alive. companies are spending more on software than ever. and companies creating their own software is nothing new.
JP Morgan has a massive software and IT budget -- 80% of that is for internal tools and software. if you include people create custom excel models as writing software (which I do), then it is more like 95% of spend.
and JP Morgan's software budget is INCREASING. my guess is that it will double in the next 5 years. and even though JP Morgan will still be creating a LOT of software, the percentage of the budget it spends on internal software and tools will probably go down, not up.
now is the best time to start a software company -- spend is going up, up, up and percentage of spend will also increase.
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"what are your strengths and weaknesses" is one of the least predictive interview questions there is. "tell me about a time when" is one of the best.
for 20 years the number one complaint from job candidates has been the same: "i never heard back.". all of the new AI recruiting tools still do not fix this.
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sometimes weekends&nights surfaces a company to fund. other times it’s where we discover a cofounder to build with.
Aerdos, a company we incubated, recently raised $6m. its cofounder & CEO came out of our first cohort.
he showed up with a different idea after having sold his prior company.
but after a month working side by side and seeing up close how talented he is, we both saw an opportunity to team up.
the best way to find the people you should start a company with is to build next to them.
applications for our 2nd cohort are now open. come build with me and the NQB8 team.
nine nights outside of DC in January.
apply here (highly selective): weekendsandnights.com/
university dorms now cost $2000/mo (not including meals).
there are people living in San Francisco for less
how can we reduce inflated education costs?
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want to know if someone is actually AI-native? ask what that have built in the last two months.
no answer is an answer.
candidates are using AI to send 1000 applications. companies use AI to read 25 of them. so candidates send 2,000.
new summation pod with Daniel Chait, CEO of Greenhouse, the hiring platform behind thousands of companies. we get into the AI doom loop, why your resume is still a white rectangle, the worst interview questions, and why "never quit" is bad founder advice.
youtube.com/watch?v=96zj52Qz…
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everyone talking about jevons paradox of computing and AI.
but jevons paradox also applies to work. the more you can get done, the MORE you want to work. because accomplishing things is so satisfying.
this is why AI will make people want to work even harder and create more
prediction: the hottest people on the planet will be moving to SF.
if you are great looking and want to marry someone worth over $100 million, SF is the place. there are LOTS of people worth over $100M and very few super hot ones.
ratio of wealthy to hot is out of wack in SF
