Trump's Cabinet, Google's Quantum Chip, Apple's iOS Flop, TikTok Ban, State of VC with Keith Rabois
All-In Podcast
Why did Keith Rabois leave Founders Fund to join Khosla Ventures?
Keith Rabois left Founders Fund due to his dislike for commuting to Sand Hill Road daily. He believed the future of investing was more in San Francisco than Palo Alto, and Founders Fund's inflexibility on remote work during the pre-COVID era made the decision easier.
What are the key differences between Founders Fund and Khosla Ventures?
Founders Fund is a momentum investor, focusing on later-stage companies with high valuations, while Khosla Ventures is more input-driven, investing early in seed or series A rounds. Founders Fund emphasizes letting founders lead without interference, whereas Khosla Ventures is more proactive in helping companies.
What is Google's new quantum chip, Willow, capable of?
Google's Willow chip performed a benchmark computation in under five minutes that would have taken today's fastest supercomputers 10 septillion years. It uses logical qubits to reduce error rates, a significant milestone in quantum computing.
How could Google's quantum computing advancements impact encryption?
Google's quantum computing advancements could potentially break modern encryption standards like RSA and SHA-256, which are foundational to internet security and Bitcoin. Shor's algorithm, a quantum algorithm, can factor large numbers almost instantly, posing a threat to current encryption methods.
Why is Apple developing its own AI server chips?
Apple is developing AI server chips to enhance privacy and AI capabilities on local devices, ensuring that AI experiences are compelling without compromising user data. The chips, codenamed Baltra, are expected to be in mass production by 2026.
What are the current issues with Apple's iOS 18?
Users are reporting significant issues with iOS 18, including frequent crashes, non-functional apps like Photos, and overall decreased usability. The operating system appears to be less polished and more prone to errors compared to previous versions.
Why is TikTok considered a national security threat in the U.S.?
TikTok is seen as a national security threat because it allows Chinese nationals to access American user data, violates U.S. privacy laws, and is subject to Chinese laws requiring data sharing with the CCP. Additionally, there are concerns about content manipulation and unfair competition with U.S. tech companies.
What is the current state of venture capital deal activity?
Venture capital deal activity is returning to pre-COVID levels, with the number of deals and amount invested stabilizing. However, exits are lagging, and there is a focus on AI and crypto companies, which are seeing increased funding and founder optimism.
Why does Keith Rabois believe companies should go public early?
Keith Rabois advocates for early public listings because it provides accountability, transparency, and discipline. Public companies also gain access to capital for strategic acquisitions, which can be crucial for growth and competitive advantage.
What are the potential impacts of tariffs on inflation and the U.S. economy?
Tariffs could help reduce inflation by encouraging domestic production and reducing reliance on foreign goods. However, the effectiveness depends on how tariffs are implemented and their impact on specific industries. The Trump administration believes tariffs can be imposed without causing inflation, leveraging economic substitution.
- Transition from Founders Fund to Khosla Ventures and back
- Differing investment styles of Founders Fund and Khosla Ventures
- Preference for early-stage investments
- Role as a supportive VC
Shownotes Transcript