This is the second episode of This Won’t Last. The show is a monthly conversation between Logan Bartlett of Redpoint, Keith Rabois at Khosla Ventures, Kevin Ryan at Alleycorp, and Zach Weinberg, biotech founder (Curie.Bio) and investor. This episode covers Khosla’s initial investment into OpenAI, runaway AI CapEx, long-term AI leaderboards, and regulatory implications in AI.

This Won't Last is part of the Turpentine podcast network.

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RECOMMENDED PODCAST:

Check out Modern Relationships, where Erik Torenberg interviews tech power couples and leading thinkers to explore how ambitious people actually make partnerships work. Founders Fund's Delian Asparouhov and researcher Nadia Asparouhova kick off the series with an unfiltered conversation about their relationship evolution.

Apple: https://podcasts.apple.com/us/podcast/id1786227593

Spotify: https://open.spotify.com/show/5hJzs0gDg6lRT6r10mdpVg

YouTube: https://www.youtube.com/@ModernRelationshipsPod

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Links:

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Timestamps:

(00:00) Intro

(01:39) Show origins

(02:39) OpenAI funding, Khosla’s initial investment

(06:40) Talent shortage and power law engineers

(11:47) Engineer tenure at startups

(15:12) OpenAI metrics

(19:26) AI CapEx

(25:01) Zach’s Pixel vs iPhone

(25:36) OpenAI vs Perplexity and Google

(32:03) Safety concerns in AI

(40:38) Misinformation regulation

(46:38) Regulations in healthcare

(48:44) Gambling regulations

(58:49) Hidden downsides of regulations

(01:03:59) Individual responsibilities

(01:13:33) Closing

This is the debut episode of This Won’t Last, a monthly conversation between Logan Bartlett of Redpoint, Keith Rabois at Khosla Ventures, Kevin Ryan at Alleycorp, and Zach Weinberg, biotech founder (Curie.Bio) and investor. This episode covers Founder Mode, the state of VC fundraising, the potential for an unrealized gains tax, and Russia’s influence in Telegram.

This Won't Last is part of the Turpentine podcast network.

--

🙏 Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse.

--

🎥 Subscribe on YouTube:

https://www.youtube.com/@ThisWontLastpodcast

https://www.youtube.com/@theloganbartlettshow

--

𝕏

https://x.com/thiswontlast

https://x.com/rabois

https://x.com/loganbartlett

https://x.com/kevinryan

https://x.com/zachweinberg

https://x.com/Redpoint

https://x.com/turpentinemedia

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Links:

Keith’s Recs:

Kevin’s Recs: 

Logan’s Recs:

--

RECOMMENDED PODCAST:

Check out Modern Relationships, where Erik Torenberg interviews tech power couples and leading thinkers to explore how ambitious people actually make partnerships work. Founders Fund's Delian Asparouhov and researcher Nadia Asparouhova kick off the series with an unfiltered conversation about their relationship evolution.

Apple: https://podcasts.apple.com/us/podcast/id1786227593

Spotify: https://open.spotify.com/show/5hJzs0gDg6lRT6r10mdpVg

YouTube: https://www.youtube.com/@ModernRelationshipsPod

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TIMESTAMPS:

(00:00) Intro

(02:39) Kevin comes back from Burning Man

(04:20) Paul Graham’s Founder Mode 

(05:45) Founder mode intuitive for Keith, Pierre Lamond anecdote

(07:00) Keith’s response to kernel of Founder Mode, Andy Grove High Output Management

(08:28) What’s unique about Founder Mode?

(09:13) Manager vs. Founder

(12:57) Founder moral authority

(15:00) Investing in founder driven CEOs

(18:47) State of venture markets

(21:15) Driverless car future

(26:25) Revenue quality in AI valuations

(33:00) New technology disruptive or helpful for incumbents

(35:40) AI in Biotech

(38:44) AI impacting fund AUM

(42:30) AI as the transistor

(43:25) Hurdle to return AI CapEx

(44:30) Unrealized Capital Gains Tax

(47:27) Sweden’s tax vs Norway and corporation tax rates

(54:50) Medicare & Social Security, beneficial tax policies

(1:00:45) Misleading life expectancy stats

(1:02:15) Lina Khan, Antitrust effect on tech industry

(1:10:20) Perplexity shocking Google

(1:12:30) Pavel Durov and Russia’s Influence in Telegram

(1:16:45) Not using TikTok and Telegram, risk in capital in Chinese companies

(1:22:25) Closing

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