January 14, 2022
Illustration: Christopher T. Fong/Protocol
Good morning! This Friday, the way to Marc Andreessen's heart — or the way to become another Marc Andreessen — is so complicated, it's almost simple. I’m Hirsh Chitkara, and I hope my pain as a lifelong Cincinnati Bengals fan will be alleviated this weekend.
A16z co-founder Marc Andreessen is one of Silicon Valley’s most influential gatekeepers. It’s not a stretch to say your startup doesn’t matter until it’s on his radar.
Facebook, Lyft, Instagram, Affirm, Roblox and Coinbase all benefited from early a16z investments. And with the firm fresh off a $9 billion fundraising campaign, startup founders are more eager than ever to understand the thought processes that determine who gets a coveted a16z stamp of approval.
One thing you might want to know about Andreessen before pitching? He’s fascinated with an idea floating around internet intellectual spheres known as “the Lindy Effect.”
Even if you don’t buy into the lifestyle applications of Lindy, it’s still possible to imagine scenarios in which the concept would be useful to an investor.
But successful venture capitalists need to invest in something, and that’s where Lindy seemingly falls short.
And it’s important to note that “Lindy” isn’t the only heuristic in Andreessen’s toolbox:
These heuristics aren't mathematical formulas that yield the same output when given the same inputs. In fact, they can directly contradict one another. For instance, the OODA loop is difficult to reconcile with Lindy: If, as Andreessen said, “Internet culture just evolves faster, and the fact that it evolves faster guarantees it takes everything over,” then the obliteration of ancient cultural norms and technologies seems inevitable. So for now, if you’re hoping to get a chunk of that a16z money — or if you’re looking to invest as though you have a16z money — maybe just stick with taking a Lindy walk to think things over. Inspiration might arrive when you least expect it.
— Hirsh Chitkara (email | twitter)
A version of this story first appeared on Protocol.com. Read it here.
Low-code/no-code and the changing developer
As organizations endeavor to become more tech literate from top to bottom, the race to get low-code and no-code tools in the hands of more and more employees has forced tech executives to set up new strategies and infrastructures to ensure that the company can make full use of the software.
Join Protocol's Kevin McAllister, Nutanix's Wendy M. Pfeiffer and Pegasystems' Kerim Akgonul for a discussion on the underlying tech in low-code and no-code tools at 10 a.m. PT Wednesday. RSVP here.
Honeywell’s Chief Commercial Officer Jeff Kimbell sits with Futurum’s Daniel Newman to talk through the world’s emerging trends in innovation, sustainability, tech and markets. Don't miss the insights into Honeywell's latest strategy for 2022!
Eric Adams has a simple method for tracking meetings, budgets and other information:
Block is working on its own bitcoin mining system "based on custom silicon," hardware boss Thomas Templeton said:
Inside the Trump White House, Jared Kushner was pushing for a U.S. digital currency:
Google’s Kent Walker wants more collaboration on open-source projects:
Philip Rosedale is heading back to Linden Lab as an investor and adviser. Rosedale founded the digital-reality maker in 1999.
John MacDonald is GSR’s new CTO. He’s a former CTO at Citadel Securities in Europe.
Camille Ricketts is leaving Notion. Ricketts has worked in marketing for the company for three years.
Patrick Hedren joined Upworkas global head of Public Policy and Government Relations. Hedren most recently worked at the National Association of Manufacturers.
Google bought a $1 billion office complex in London. Like other tech companies, it's hoovering up real estate even as it prepares for a remote work-filled future.
Teodora Gouneva is NEXT Insurance’s new CFO. Gouneva was most recently a VP of Finance at Airbnb.
Fortnite is back on iOS, kind of. Nvidia’s GeForce Now service is allowing iPad and iPhone users to stream the game.
Meta, Alphabet, Reddit and Twitter were subpoenaed by the Jan. 6 House committee. Lawmakers want information related to misinformation, extremism and other issues.
The Supreme Court stopped Joe Biden’s vaccine mandate for large employers. The court’s majority decided that the administration’s rule was an overstep of authority.
Microsoft will publicly report on all sexual harassment probes, including a current investigation into allegations against Bill Gates. All of the findings and recommendations will be released in the coming months.
Lawmakers want tech companies to tl;dr their terms of service. They’re introducing a bill nicknamed “TLDR” that would require websites to give a brief, easy-to-read overview of their terms of service before someone agrees to them.
Amazon workers are having a hard time getting COVID-19 tests, according to CNBC. Employees said the company’s HR system is so swamped that it’s hard to get in touch, putting them at risk of losing pay and time off.
What perks are you keeping when offices reopen? Companies have doled out money for everything from dog walkers to home printers, but it’s unclear if those stipends will stick around once people head back to the office.
Albuquerque Public Schools fell victim to a cyberattack. Classes closed yesterday and today because of an attack on its attendance and emergency-contact information system.
“Baby Shark” got 10 billion views on YouTube, becoming the first video on the platform to do so. Sincere apologies for getting that song stuck in your head again.
Wordle is hard, and it can feel intimidating when you don’t know how you stack up with other players. So we’re trying to figure out what counts as a good Wordle score, both for our sanity and yours.
Protocol’s data engineer, Eric Blom, created a survey that asks about the number of games you’ve played and won. He’ll collect responses over the next few days, then release them for the world to see sometime next week. It’s just a game — we know, we know — but a little friendly competition never hurts!
Thoughts, questions, tips? Send them to firstname.lastname@example.org, or our tips line, email@example.com. Enjoy your day, see you Sunday.