Podcast Episode

What Makes a Great Entrepreneur? | Ben Horowitz on Vintage x Vintage

The a16z Show
Episode 1224Oct 10, 202652 minEN
Host
JNJames Norman

Who’s talking

3 speakers
Ben Horowitz36 min · 72%
James Norman12 min · 24%
Speaker 32 min · 5%

Transcript

731 turns · 52 min
BH
Ben Horowitz0:00

I think it was midnight and my phone rings. Unknown caller, so I'm like, "Oh, it's Kanye."

JN
James Norman0:05

[laughs]

BH
Ben Horowitz0:06

I go, "Ye-Ye, what's up?" And he goes, "Hey, Ben, I heard you're having a barbecue tomorrow." And I was like, "Yeah, yeah, I am." "I wanna record in your studio." And I'm like, "Ye, I, I don't have a studio." Are their strengths world-class, or are they the best in the world at something? And then you overlook everything else. That's what makes a company great, and that's what makes an entrepreneur great. Not, oh, they don't know how to do this, or wow, they know nothing about finance. There's so many things that are wrong with every entrepreneur. Every great entrepreneur has got something, like, horribly wrong-

JN
James Norman0:37

Mm-hmm

BH
Ben Horowitz0:37

... with them, but that's okay.

JN
James Norman0:39

Okay.

BH
Ben Horowitz0:39

Uh, you know, you- it's, it's what are they truly great at what they're great at?

Speaker 30:44

What separates a great entrepreneur from everyone else? For Ben Horowitz, it isn't the absence of weaknesses. It's having a strength so exceptional that everything else becomes secondary. Today's episode comes from our Recommended Listening series, where we feature standout conversations from people across our broader network. This one comes from Vintage and Vintage, where host James Norman sits down with A16Z co-founder Ben Horowitz for the show's inaugural episode. Ben shares what he learned going from engineer to first-time CEO, how those experiences shaped the founding of A16Z, and why evaluating founders means looking for world-class strengths rather than trying to find someone who checks every box. They also get into AI and why Ben sees this moment as bigger than the internet. As the cost and difficulty of building software collapses, creativity becomes increasingly important, opening the door for people with deep knowledge of a problem to turn that knowledge into a product. And throughout the conversation, James and Ben return to a shared influence: hip-hop. From the lessons Ben took from Nas at his lowest point to why he created Paid in Full to recognize the pioneers who shaped the culture.

JN
James Norman1:56

Welcome to, uh, the first episode of Vintage and Vintage.

BH
Ben Horowitz1:59

This is the first one?

JN
James Norman2:00

It's the first one.

BH
Ben Horowitz2:01

All right. Well, that's good.

JN
James Norman2:02

Yeah.

BH
Ben Horowitz2:02

We're getting off with a bang.

JN
James Norman2:03

Right. You know, stepping into the game. Um, but to start the conversation, it is Vintage and Vintage. You are of a certain vintage of entrepreneur.

BH
Ben Horowitz2:11

Yeah, yeah.

JN
James Norman2:11

We also have a certain vintage-

BH
Ben Horowitz2:12

An old vintage.

JN
James Norman2:12

[laughs] We have a certain vintage of wine as well.

BH
Ben Horowitz2:14

Yeah.

JN
James Norman2:14

So like... And all the wines are connected to, like, the relationships. This is Continuum, right? But it's actually, like, Mondavi. So Robert Mondavi, you know, they kinda set the tone for American wine. But by '93, though, there was, like, this, like, virus vineyard situation in Napa.

BH
Ben Horowitz2:29

Yeah.

JN
James Norman2:29

And so they had to go public-

BH
Ben Horowitz2:30

Oh

JN
James Norman2:30

... under, under duress. Like-

BH
Ben Horowitz2:31

Yeah

JN
James Norman2:31

... "Oh, we gotta get this money. We gotta keep going."

BH
Ben Horowitz2:33

Yeah.

JN
James Norman2:34

Um, didn't turn out that well 'cause Wall Street directors came in and, like, abused the name, and now you have-

BH
Ben Horowitz2:39

[laughs]

JN
James Norman2:39

... the Robert Mondavi wine that people would know today, but-

BH
Ben Horowitz2:41

Yeah

JN
James Norman2:42

... it kinda fell apart by '04, and the family had to pick up the pieces. But the youngest, the youngest son came

Episode notes

a16z co-founder and General Partner Ben Horowitz joins James Norman on the inaugural episode of Vintage x Vintage for a conversation spanning entrepreneurship, investing, hip-hop, and what changes when AI makes building dramatically easier.

Ben reflects on going from Netscape to becoming a first-time CEO, why every founder eventually hits a “we’re fucked, it’s over” moment, and what he learned from building a16z around the needs of entrepreneurs. He explains why great investors should look for world-class strengths rather than an absence of weaknesses, and why expanding the ways we recognize talent can raise the bar rather than lower it.

They also look at the current AI cycle, why Ben believes it is bigger than the internet, how AI changes who can become a builder, and why the infrastructure beneath today’s models may need to be rebuilt from the ground up.

Resources:

Follow Ben Horowitz on X: https://x.com/bhorowitz 

Follow James Norman on LinkedIn: https://www.linkedin.com/in/motown/ 

Learn more about Paid in Full: https://paidinfullfoundation.org

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