COBOL

product on 22 shows · 12 statements across 12 episodes · said 68 times in 40 episodes since 2016

the a16z Podcast 18 the Y Combinator Startup Podcast 6 TBPN 5 20VC 5 No Priors 4 All-In 4 Innovators & Investors 3 Top Founders 3 Acquired 2 Another Podcast 2 Latent Space 2 A Product Market Fit Show 2 Capital Allocators 2 How I Built This 2 Startups For the Rest of Us 1 Lenny's Podcast 1 the Neon Show 1 Invest Like the Best 1 Sourcery 1 Catalyst 1 the Green Blueprint 1 Big Technology 1

Mentions by year, every show

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00108201520162017201820192020202120222023202420252026episodesmentions
081520162017201820192020202120222023202420252026episodes it came up in
001.57.531520162017201820192020202120222023202420252026episodesmentions per episode

the a16z Podcast 18the Y Combinator Startup Podcast 620VC 5TBPN 5All-In 4No Priors 4Top Founders 3Innovators & Investors 314 more shows

2026 7 mentions in 3 episodes 2 per episode
2025 18 mentions in 14 episodes 1 per episode
2024 8 mentions in 6 episodes 1 per episode
2023 10 mentions in 4 episodes 3 per episode
2022 2 mentions in 2 episodes 1 per episode
2021 10 mentions in 5 episodes 2 per episode
2019 9 mentions in 3 episodes 3 per episode
2018 3 mentions in 2 episodes 2 per episode
2016 1 mention in 1 episode

every mention on every show, scene by scene, with the transcript →

12 statements about COBOL, every show

SOURCERY Assertion Partly supported
Armstrong: Legacy finance relies on outdated 1990s COBOL mainframe code
“Our financial system is the legacy financial system is it's slow. It's creaky. It's old. You know, in many cases it's built on code that was written like in the nineties and COBOL and like these kind of mainframe computers. And a lot of that stuff just Hasn't …”
Brian Armstrong Jun 26, 2026 ▶ 8:10 Brian Armstrong: Rebuilding Coinbase Around Intelligence · Sourcery with Molly O'Shea
ALL-IN Assertion Supported
Calacanis: COBOL code runs 95% of US ATMs and Social Security payments
“It runs 95% of ATMs in the US, and it powers Social Security payments.”
Jason Calacanis Feb 28, 2026 ▶ 2:24 Software Stocks Implode, Claude's Hit List, State of the Union Reactions, Trump's Tariff Pivot
a16z Assertion Not checkable as stated
Rabois: Incumbent banks run on COBOL and have zero software talent draw
“And the incumbents can't do this. They, they're still like literally in COBOL often, and their ability to attract talent is just like zero.”
Keith Rabois Oct 16, 2025 ▶ 44:50 Keith Rabois: Israel, OpenAI, Opendoor, and DOGE
INNOVATORS & INVESTORS Assertion Contradicted
Hieatt: Gartner Estimates 250B to 750B Lines of Active Production COBOL
“There's an estimate from Gartner that there are between 257 hundred and fifty billion lines of COBOL in the world running in production, right? If you can imagine, like, some dollar per line of code fee on average, right, that, that's a big term.”
Edward Hieatt Jun 13, 2025 ▶ 21:58 Unlocking Legacy Systems: Modernizing Mainframes via AI with Mechanical Orchard
a16z Assertion Not checkable as stated
Bornstein: AI cannot solve legacy code migration due to lost context
“AI may be able to transpile, you know, COBOL to Java, but there's a huge amount of context in what went into creating that COBOL code that's been totally lost, right?”
Matt Bornstein May 16, 2025 ▶ 31:30 Who's Coding Now? - AI and the Future of Software Development
TBPN Assertion Not checkable as stated
Masad: Sears skipped traditional SaaS to directly build internal AI tools
“About a year ago they hired a team to Like a more trendy sort of tech team to get them off of Cobalt, which is whatever a hundred year old program language. And they were able to do it very quickly. And then after they'd done that, you know, basically most, mo…”
Amjad Masad Mar 25, 2025 ▶ 6:33 Amjad Masad on Replit, AI Agents, and the Death of Traditional Software.
NO PRIORS Prediction Open · timeframe Mar 2035
Dohmke: Developers will maintain legacy PHP and COBOL for a decade
“And so we are still I think for like a decade or so at least going to have software developers that work in, in lots of old school, you know, PHP code and COBOL code and all that stuff.”
Thomas Dohmke Mar 13, 2025 ▶ 19:03 No Priors Ep 106 | With GitHub CEO Thomas Dohmke
a16z Prediction Not checkable as stated
Strange: LLMs will automatically translate legacy COBOL code into modern languages
“You can imagine a world where LLMs get so good that you could feed in large portions of code written in COBOL, And they would spit out the same amount of code or the same functionality of said code in a different language, you know, and we're not there yet, bu…”
Angela Strange Dec 22, 2023 ▶ 12:09 Big Ideas 2024: The Rise of the Developer as a Buyer in Financial Services with Angela Strange
Mike Perham: Legacy technologies like Fortran and COBOL still generate unseen profits
“I also look at tech like Fortran or COBOL, right, that have been, like, in existence for going on 6070 years now. And they're still out there. There's still people making money off of it. You just don't hear about it.”
Mike Perham May 16, 2023 ▶ 17:28 Episode 661 | Millions in Revenue As a One-Person Software Compan...
a16z Assertion Partly supported
Strange: 40% of legacy bank code is written in COBOL
“40% of bank's code is in COBOL.”
Angela Strange Oct 14, 2021 ▶ 10:52 The Open Source Movement in Fintech
a16z Assertion Not checkable as stated
Sinofsky: One US government branch relies on 7M lines of COBOL
“We met with a government agency this week, and they have one application for one branch for one scenario with seven million lines of COBOL code.”
Steven Sinofsky Jan 2, 2019 ▶ 26:07 a16z Podcast | The $200 PC in the Enterprise
20VC Insight
Schlosser: Healthcare incumbents cannot easily innovate due to legacy COBOL code
“If you come into this by having first and foremost in your DNA that you want to serve members and create the best experience for them, get their costs down, you suddenly start developing new technology and products. That the other guys will not get around to d…”
Mario Schlosser Sep 22, 2017 ▶ 16:37 20VC: Raising Over $700m From The World's Best Investors, How To Innovate In Highly Regulated Markets & The 3 Superpowers of Insurance Companies with Mario Schlosser, Founder & CEO @ Oscar

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