Harrison: 12 of 16 Thucydides Trap historical cases led to war
“Any time a rising power threatens a established power, it ends in large conflict, great power conflict, and when you look throughout history, there are 16 instances where that happened. Of those 16, 12 of them resulted in mass scale conflict”
Harrison: Index Ventures bars weapons investments and militarizing portfolio drones
“Index, as far as I know, still to this day, has a clause where they can't invest in anything that is a weapon or could be used as a weapon, and I remember they had investments in, in companies like a drone company, where they uniquely could have contracted a p…”
Harrison: The combative divide between hustle culture and work-life balance is unhealthy
“Now there has become this like this combative divide where like people who work hard, think less of, you know, lazy snowflakes that don't want to work hard and people that have a healthy work life balance, look at people who are ambitious and are working and t…”
Narrative storytelling actively constructs reality rather than objective reality winning out
“When I started writing, I had this really strong perspective that, you know, storytelling is really powerful, but at the end of the day, reality wins out. And increasingly over the last two years, as I've written more and kind of unpacked other people's storie…”
Startup failure is necessary to recycle capital into better companies
“Startups are supposed to fail. Like that's like, there are ideas. It is literally a mechanism of iteration and experimentation. Like startups are supposed to go out, try something, experiment. And if it fails, then the capital and the, like the, both the like …”
Periodic hype deflation in tech is necessary to flush out opportunistic hucksters
“Every once in a while that hype needs to deflate and flush out the hucksters. And candidly, the more that that hype ebbs and flows, the less likely it is that hucksters are going to come in because they've gotten hurt too many times.”
Harrison: Andreessen Horowitz most closely resembles Blackstone in venture capital
“And I think that the firm that closely, most closely resembles that in venture is Andreessen. You know, the way that they have approached things like you know, gaming and crypto and biotech and so like that, but that's sort of them saying, hey, we have this fu…”
Harrison: Abstracting venture capital into pure portfolio construction causes startup breaking points
“At some point, if that abstraction gets so far removed from this sort of fundamental company building aspect, I think that you start to get into some dangerous territory. Cause I mean, when those companies fail, when they get tons of capital and all this thing…”
Harrison: Excess capital will remain in venture capital despite market correction
“I don't think that people are just going to say, oh, nevermind. Venture is actually not that great of an asset class, you know, back to bonds and real estate. Like, I think that people recognize that there are still large outcomes to be had here. And so there'…”
Harrison: Venture capitalists are avoiding self-criticism following the market crash
“I thought that it would be more humbling for more people I think that there's been this sort of, like, suspension of criticism. Like, people are desperately trying to avoid having to come to grips with what they did, basically, like, with what a lot of people …”
Harrison: Former firm passed on Coinbase at a $1.5B valuation
“Back in the day, we passed on Coinbase at 1.5 billion”