Balaji Srinivasan, partner at Andreessen Horowitz, discusses technological risk-taking and regulatory inertia during a 2016 interview on The 20 Minute VC.
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“Being too conservative on safety actually leads to systemic risk because, you know, you stick with the current system, you stick with the current system, you stick with the current system, you don't take a risk.”
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More from Balaji Srinivasan
PredictionNot checkable as stated
Srinivasan: Regulatory unbundling will be as impactful as television channel unbundling
“And unbundling of regulatory, you know, regimes such that you don't have to buy them en masse, I think is going to be just as important as unbundling of, you know, television channels or what have you, such that you could just pick a la carte.”
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Opinion
Srinivasan: Gawker's business model was destroying individual reputations for cheap clicks
“Well, long overdue. I think that you know, without getting into a lot on that, like, They put a lot of people out of business. They attacked a lot of people. Their basic business model was to try to destroy somebody's reputation for five dollars in clicks. You…”
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PredictionNot checkable as stated
Srinivasan predicts Uber and Airbnb will become multi-hundred billion dollar companies
“I think it's quite possible that those become multi-hundred billion dollar companies.”
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AssertionNot checkable as stated
Srinivasan: Uber and Airbnb have created one trillion dollars in societal value
“The rest of it is probably on the order of a trillion dollars in value that's being created if you were to compare it to what happened before.”
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PredictionNot checkable as stated
Srinivasan: The year 2030 will be decentralized like 1870, not 1950
“Especially because I think in many ways our future is more like our past. That's to say, you know, 20 30 I think will be more similar to 18 70 than it will to 1950. In many ways like 1950 was sort of a peak centralization point, and either side is like a mirro…”
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Insight
Srinivasan: Venture capital creates a unique financial incentive for seeking truth
“VC has many, many faults, but there's a couple of things I think are really interesting about it, and one of the biggest is that a VC is very interested in whether they were wrong. You know, pass on a Series A company, and then it's successful, and it becomes …”
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