Mar 17, 2025 · 14m · a16z

Why American Dynamism Is Just Getting Started

Katherine Boyle · 6m spoken David Ulevitch (Dee) · 5m spoken David Ulevitch · 1m spoken
0:00 / 0:00
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In this a16z Podcast episode, General Partners Catherine Boyle and David Ulevitch explore the origins, cultural impact, and rapid expansion of the 'American Dynamism' investment thesis. They discuss how a shift in tech talent toward national-interest innovation catalyzed a broader movement spanning defense, energy, manufacturing, and public infrastructure.

How this conversation actually went

Every chapter scored 0–10 on four independent dynamics. Hover any point for the reasoning behind the score. How this is scored →

The host as informed peer 2.0 Guest teaching 4.5 Guest disagreement 2.5 The host pushing back 0.5
05100:0010:000:57–4:14 · The host as informed peer 2/10 Origins and Rapid Adoption of the Thesis The host opens with a simple historical prompt asking about the origins of American Dynamism. Katherine Boyle and David Ulevitch detail the rapid adoption of the thesis, explaining how market demand and founder desire to work on physical-world problems accelerated their timeframe.4:14–8:26 · The host as informed peer 2/10 The Power of Naming and Addressing Criticism The host asks whether supporting the national interest required a rebranding due to past tech anti-government sentiment. David Ulevitch reactively defends the term against critics who call it a 'marketing term', arguing strongly against competing VC terminology.8:26–10:29 · The host as informed peer 2/10 Broadening Scope Beyond Defense & D.C. vs. Silicon Valley Katherine Boyle highlights the contrast between Silicon Valley's initial shock and Washington D.C.'s immediate embrace of the term. David Ulevitch openly derides rival terms like 'deep tech' and 'hard tech' as boring and stupid.10:29–13:40 · The host as informed peer 2/10 The 'Big Tent' Scope and Government Sales Motion The host asks the guests to clarify areas of American Dynamism beyond defense. The guests outline a 'big tent' strategy spanning energy, supply chain, and government sales motions.0:57–4:14 · Guest teaching 4/10 Origins and Rapid Adoption of the Thesis The host opens with a simple historical prompt asking about the origins of American Dynamism. Katherine Boyle and David Ulevitch detail the rapid adoption of the thesis, explaining how market demand and founder desire to work on physical-world problems accelerated their timeframe.4:14–8:26 · Guest teaching 4/10 The Power of Naming and Addressing Criticism The host asks whether supporting the national interest required a rebranding due to past tech anti-government sentiment. David Ulevitch reactively defends the term against critics who call it a 'marketing term', arguing strongly against competing VC terminology.8:26–10:29 · Guest teaching 5/10 Broadening Scope Beyond Defense & D.C. vs. Silicon Valley Katherine Boyle highlights the contrast between Silicon Valley's initial shock and Washington D.C.'s immediate embrace of the term. David Ulevitch openly derides rival terms like 'deep tech' and 'hard tech' as boring and stupid.10:29–13:40 · Guest teaching 5/10 The 'Big Tent' Scope and Government Sales Motion The host asks the guests to clarify areas of American Dynamism beyond defense. The guests outline a 'big tent' strategy spanning energy, supply chain, and government sales motions.0:57–4:14 · Guest disagreement 1/10 Origins and Rapid Adoption of the Thesis The host opens with a simple historical prompt asking about the origins of American Dynamism. Katherine Boyle and David Ulevitch detail the rapid adoption of the thesis, explaining how market demand and founder desire to work on physical-world problems accelerated their timeframe.4:14–8:26 · Guest disagreement 4/10 The Power of Naming and Addressing Criticism The host asks whether supporting the national interest required a rebranding due to past tech anti-government sentiment. David Ulevitch reactively defends the term against critics who call it a 'marketing term', arguing strongly against competing VC terminology.8:26–10:29 · Guest disagreement 4/10 Broadening Scope Beyond Defense & D.C. vs. Silicon Valley Katherine Boyle highlights the contrast between Silicon Valley's initial shock and Washington D.C.'s immediate embrace of the term. David Ulevitch openly derides rival terms like 'deep tech' and 'hard tech' as boring and stupid.10:29–13:40 · Guest disagreement 1/10 The 'Big Tent' Scope and Government Sales Motion The host asks the guests to clarify areas of American Dynamism beyond defense. The guests outline a 'big tent' strategy spanning energy, supply chain, and government sales motions.0:57–4:14 · The host pushing back 0/10 Origins and Rapid Adoption of the Thesis The host opens with a simple historical prompt asking about the origins of American Dynamism. Katherine Boyle and David Ulevitch detail the rapid adoption of the thesis, explaining how market demand and founder desire to work on physical-world problems accelerated their timeframe.4:14–8:26 · The host pushing back 1/10 The Power of Naming and Addressing Criticism The host asks whether supporting the national interest required a rebranding due to past tech anti-government sentiment. David Ulevitch reactively defends the term against critics who call it a 'marketing term', arguing strongly against competing VC terminology.8:26–10:29 · The host pushing back 0/10 Broadening Scope Beyond Defense & D.C. vs. Silicon Valley Katherine Boyle highlights the contrast between Silicon Valley's initial shock and Washington D.C.'s immediate embrace of the term. David Ulevitch openly derides rival terms like 'deep tech' and 'hard tech' as boring and stupid.10:29–13:40 · The host pushing back 1/10 The 'Big Tent' Scope and Government Sales Motion The host asks the guests to clarify areas of American Dynamism beyond defense. The guests outline a 'big tent' strategy spanning energy, supply chain, and government sales motions.

speaking balance: gold is the host, purple is the guest (3 minute bins)

0:00 · the host 0% · guest 100%0:00 · the host 0% · guest 100%3:00 · the host 0% · guest 100%3:00 · the host 0% · guest 100%6:00 · the host 0% · guest 100%6:00 · the host 0% · guest 100%9:00 · the host 0% · guest 100%9:00 · the host 0% · guest 100%12:00 · the host 0% · guest 100%12:00 · the host 0% · guest 100%
Sharpest disagreement ▶ 9:56 Calling industry buzzwords boring and stupid terms

David Ulevitch forcefully rejects common alternative industry terms like hard tech and deep tech, dismissing them as uninspiring and meaningless.

Hardest push from the host ▶ 4:14 Challenging guests on whether the thesis required a rebranding

The host prompts the guests to address how technologists were previously opposed to national interest, asking directly if American Dynamism was essentially a rebranding.

Biggest teaching moment ▶ 4:44 Explaining the taboo of single-country tech focus

Katherine Boyle educates the listener on Silicon Valley's historical taboo against building solely for one nation, explaining why explicitly using the word America was initially shocking.

The host holds their own ▶ 10:27 Prompting clarification on defense versus broader sectors

The host shows an understanding of the common misconception that American Dynamism is solely defense tech, structuring the question to push the guests into detailing their broader mandate.

the scores for every segment, with the reasoning behind each
ChapterTopicThe host as informed peerGuest teachingGuest disagreementThe host pushing backWhy
Origins and Rapid Adoption of the Thesis 2410 The host opens with a simple historical prompt asking about the origins of American Dynamism. Katherine Boyle and David Ulevitch detail the rapid adoption of the thesis, explaining how market demand and founder desire to work on physical-world problems accelerated their timeframe.
The Power of Naming and Addressing Criticism 2441 The host asks whether supporting the national interest required a rebranding due to past tech anti-government sentiment. David Ulevitch reactively defends the term against critics who call it a 'marketing term', arguing strongly against competing VC terminology.
Broadening Scope Beyond Defense & D.C. vs. Silicon Valley 2540 Katherine Boyle highlights the contrast between Silicon Valley's initial shock and Washington D.C.'s immediate embrace of the term. David Ulevitch openly derides rival terms like 'deep tech' and 'hard tech' as boring and stupid.
The 'Big Tent' Scope and Government Sales Motion 2511 The host asks the guests to clarify areas of American Dynamism beyond defense. The guests outline a 'big tent' strategy spanning energy, supply chain, and government sales motions.

Statements from this episode (10)

Insight
Boyle: a16z investment themes evolve from thesis to meme to product
“We always go from thesis to meme to product.”
Katherine Boyle Mar 17, 2025 ▶ 1:37
Assertion Partly supported
a16z launched American Dynamism thesis three weeks before 2022 Ukraine invasion
“We launched the thesis three weeks before Russia invaded Ukraine in, in twenty-twenty-two.”
Katherine Boyle Mar 17, 2025 ▶ 2:21
Assertion Partly supported
Ulevitch: Early American Dynamism startups emerged after Google left Project Maven
“You know, even in some of the origins where some of the AD companies started, it was after Google bailed out of Project Maven, and people in Silicon Valley were really trying to figure out what was important, how do I want to spend my time, and that, that, tho…”
David Ulevitch (Dee) Mar 17, 2025 ▶ 3:36
Assertion Not checkable as stated
Boyle: Building tech exclusively for one nation was long considered taboo
“For decades, it was very taboo to say you were building only for one country. Tech was by its nature global.”
Katherine Boyle Mar 17, 2025 ▶ 5:03
Assertion Not checkable as stated
Ulevitch: Rival VC firms invent terms to avoid saying 'American Dynamism'
“We have competitors at other venture firms that go to just incredible, incredible lengths to come up with alternative phrasing to not say American dynamism, you know, industrial revolution, resilience.”
David Ulevitch Mar 17, 2025 ▶ 7:16
Assertion Not checkable as stated
Boyle: Silicon Valley funds operating in China were surprised by American Dynamism
“It was more of a surprise for the people in Silicon Valley, many of whom who still had funds that were operating in China. It was more of a surprise for them. And now I don't think it's a surprise for anyone. I think everyone's gets the thesis and is, is on bo…”
Katherine Boyle Mar 17, 2025 ▶ 9:43
Opinion
Ulevitch: Terms like 'deep tech' and 'hard tech' are boring and meaningless
“And you know, we never use those terms because they, I mean, frankly, they just never made any sense. And certainly, and they also were just, Boring, stupid terms. They weren't galvanizing, that's for sure.”
David Ulevitch (Dee) Mar 17, 2025 ▶ 10:19
Insight
Boyle: American Dynamism targets any industry regulated by Washington departments
“If there's an executive department in Washington that exists to regulate or oversee an industry, that is likely American dynamism.”
Katherine Boyle Mar 17, 2025 ▶ 12:02
Insight
Boyle: a16z created American Dynamism fund due to unique government sales model
“The real fundamental reason why we built a fund and a practice is because these companies sell in very different ways than all of the other companies in our portfolio.”
Katherine Boyle Mar 17, 2025 ▶ 12:32
Assertion Not checkable as stated
Boyle: Washington understood a16z's thesis earlier than Silicon Valley did
“I often say D.C. Got what we were doing a lot earlier than the people in Silicon Valley, but now it's just sort of an obvious thing.”
Katherine Boyle Mar 17, 2025 ▶ 13:17
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