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It’s Time to Build

a16z.com

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Re: It’s Time to Build

#781

Earlier quoted context omitted.

> I heard a few years back that a US health insurance startup had to provide on the order of 6000 pages of documentation to be approved. No wonder that there hadn't been another provider for twenty years or so. It seems like some things are hard to build mostly because some people want it that way. Very often regulation starts lean, then inevitably some assholes take advantage of it to their profit, so the regulation…

I think the single biggest roadblock to building new things is regulation. How do we eliminate most regulations, and simplify the rest to fight off regulatory capture? What if we had a github for laws and required that anybody who worked on a law use their real name and if they were paid by a company they had to list how much?

"Use GitHub for lawmaking" is something I've had in mind for a long time. However, not sure how this could work in practice.

I've heard from a friend of mine who used to work for Deloitte (or similar kind of company) that on practical level, lawmaking often happens in those private consulting/lawyer's offices - it's not like a MPs sits down and write stuff down themselves. So the git commit would say "John Smith the lawyer" which tells you nothing.

There's probably also so many patches and reverts and rewrites going on that history would be really bloated. Or if you want nice history, you lose all those important nuances you wanted in first place ("who exactly put this comma here which changes the whole meaning?").

It would also probably horrendously slow down the law making process. (which might actually be a good thing in many scenarios!)

Re: It’s Time to Build

#782

Earlier quoted context omitted.

Congress has a 20% approval rating, polled weekly for over the past decade. Yet we vote every two years for the same folks who give us the same results. The problem isn’t them. It’s us.

I'd say the problem is one of competition. "We" cannot choose better legislators unless better legislators come forward for selection, but the incumbents - and by that I mean parties elected or not - have so much money and machinery behind them that to turf them out would be nigh on impossible.

[deleted]

Re: It’s Time to Build

#783
post #759
post #566

Earlier quoted context omitted.

The failure of Lidl in Norway due to vested interests is an argument for one world government. Maybe if we had one government we’d finally be able to settle on one electrical plug, which side of the road to drive on etc. etc. Imagine if every country developed its own indigenous WiFi standard? How lovely, until you want to read your email. Charm and uniqueness is great on a postcard, but not when you want to actually…

That's great if you are Napoleon and have the power to just force the matter. EU comes to mind... But I don't want your rules. I want my rules. There's plenty of world to take from in order to do just that, without trying to impose yourself on the rights of others. In the end, Lidl didn't respect Norwegian conditions. Moreover, they didn't respect Norwegian customers and so most were quite happy looking the other way…

Deal. The world will drive on the right hand side, and convert to using BS 1363 electrical plugs. See, we’re making progress already! :D

Re: It’s Time to Build

#784
I build tech enabled, innovative physical infrastructure solutions for buildings. People do want them. VCs, less so, unless it's as high margin as a photo sharing app, destructive and lucrative as consumable businesses like Kurig, etc.

Consumers don't know what they want until the possibilities are presented to them. VCs are literally the gate keepers of much innovative possibilty at the early phases of enterprises. It's not an issue with want, it's that making a quick buck for VCs doesn't come from capital intensive, long ROI cycle businesses. Other asset classes may be better about this but they tend to participate at less innovative stages.

Re: It’s Time to Build

#785

Earlier quoted context omitted.

> It seems to resonate a bit here, when Marc speaks of things like regulatory capture. I heard a few years back that a US health insurance startup had to provide on the order of 6000 pages of documentation to be approved. No wonder that there hadn't been another provider for twenty years or so. It seems like some things are hard to build mostly because some people want it that way. Sure, but is this actually a high o…

We're actually not running out of ventilators anywhere. Existing installed base is sufficient and moreover, it turned out the federal government had a large stockpile anyway, which rather invalidates the central thesis of the article re: lack of preparedness. The claim about ventilators was one of the first dodgy claims I noticed but really the entire first part of the article is a pack of lies. Andreessen says: "We…

I want to make sure you know that this post is full of bizarre falsehoods. New York and Seattle definitely have ventilator shortages. California had a shortage and that federal reserve of ventilators netted us a small number of broken devices that had to be repaired. Lucky us, the State had a corporate partner that could do it.

I especially want to take issue with this falsehood:

> All three are in plentiful supply. Even in localised hotspots like New York problems are limited to a handful of hospitals.

ICU beds are definitely in short supply. It doesn't matter if a bed exists in another state, folks who need ICU beds aren't usually fit to travel. That's part of why their care is intensive.

But also, only large hospitals have significant ICU capacity. So saying it's only limited to hospitals that have ICU capacity seems very disingenuous to me. It's like saying, "There is no shortage of ICU beds at local clinics." That's true, because no one expects substantial ICU capacity at local clinics. If they had it, it'd be welcome right now.

> I've been reading about the near deserted state of most hospitals for over a week now. I don't understand where Marc is getting his information from if he isn't aware of this.

Where are you reading this? I have relatives in healthcare in NY. They do not relate your story to me.

> Vaccines can't be created for a virus that doesn't exist yet regardless of how many vague warnings there are, so this isn't remarkable: it's inevitable. As for therapies, that's what ventilators and CPAP are.

Who would CPAP machines be for? Why bring them up?

> Given the data appearing in a flood of new papers, showing that the virus is not dangerous enough to warrant current policy, no unusual rates of manufacturing scale-up will be required.

The medical literature is in fact saying the opposite. But now I'm morbidly fascinated what the "reopen the economy" and "it's just the flu" crowd are circulating as "scientific literature."

> Tax credits, quantitative easing, loan subsidies. The government has many ways to distribute money to people.

None of which are actually effective in the face of historic unemployment.

> In fact making medical masks is hard. It requires special materials and machines, the supply of which can't be rapidly scaled up.

Making masks which reduce individual aerosol dispersal is easy. N95 masks are harder. We definitely could scale them up rapidly if we wanted to. This is the territory where things like IP law do matter and do cost lives.

Re: It’s Time to Build

#786
post #758

Earlier quoted context omitted.

> but that would mean ending the middle eastern wars Do you want the terrorists to win? >:| It is a remarkable bellweather of US politics that despite being a relatively peaceful polity the voting public have been unable to drag the country out of a permanent state of expensive and wasteful war. I think both Trump and Obama campaigned as pro-peace candidates so it is a presumably a popular position with voters. US fo…

> US foreign policy is almost inexplicable when it comes to war. The death, destruction and raising a generation Middle Easterners with excellent motivation to hate America seems like a foolish long term strategy. It also doesn't look profitable. Not for the U.S., not for its citizens, but for a certain set of people the constant war is very profitable. And I think you'll find that those that profit from war have con…

War is bad for business, unless war is your business.

Re: It’s Time to Build

#787
post #462
post #298

Earlier quoted context omitted.

>I find this essay to be extremely frustrating, and a good example of the attitude I've personally witnessed Andreessen have in the few interactions I've had with him directly. It's like it was written to be the perfect example of SV myopia for the rest of the world. Some examples: >Even private universities like Harvard are lavished with public funding; why can’t 100,000 or 1 million students a year attend Harvard?…

>> You see it in transportation. (...) Where are the high speed trains > none of this stuff is economically or physically practical. One of those things are not like the others.

Are you seriously suggesting the trains are not economically practical?

China, India, Europe and the UK all would like to have a word with you.

Re: It’s Time to Build

#788
post #476

Earlier quoted context omitted.

This is great observation and speculation on what could happen and where would it come from. I've had multiple conversations with top-10 VC firm partners during our unsuccessful pitches where one of the sticking points is 'unfair-advantage'. 'How can you lock $user_group/$partners into this transaction/partnership?' Peter Thiel: "Monopolies are a good thing for society... The opposite of perfect competition is monopo…

Most of the companies we fund are trying to go disrupt someone else's "dominant market position".

Nah. Most often a16z, as other VC's, invest in platforms.

What do platforms often do: take an industry, served by many businesses, often small ones, and concentrate it.

Than, the platform does most of the repetitive, scalable, work, while leaving entrepreneurs with doing all risky work, and little place for hiring employees.

As for the employees, their work is commoditized, they get ton of competition which to leads to really deteriorating pay and work conditions, and labor laws are often broken right and left.

Re: It’s Time to Build

#789

I'm in the process of reading _Why Nation Fails_. The central thesis is that the rich and poor countries are separated by inclusive vs extractive institutions. The extractive institutions are characterised by elites that attempt to defend their own wealth and status by maintaining the status quo and resisting the creative destruction that may threaten that position. It seems to resonate a bit here, when Marc speaks o…

> I heard a few years back that a US health insurance startup had to provide on the order of 6000 pages of documentation to be approved. No wonder that there hadn't been another provider for twenty years or so. It seems like some things are hard to build mostly because some people want it that way. Very often regulation starts lean, then inevitably some assholes take advantage of it to their profit, so the regulation…

Insurance is not meant to cover routine purchases, it's meant to cover purchases that are unexpected and too large to cover.

We have a publicly paid health system in Norway, but we still have: * Copays until you reach €200 * No dental coverage for routine operations (only major surgeries) * No eyewear coverage (I assume if you have some eye illness requiring surgery or similar it will be covered)

Seems to work fine, and that France should change what insurance does cover

Re: It’s Time to Build

#790

I build tech enabled, innovative physical infrastructure solutions for buildings. People do want them. VCs, less so, unless it's as high margin as a photo sharing app, destructive and lucrative as consumable businesses like Kurig, etc. Consumers don't know what they want until the possibilities are presented to them. VCs are literally the gate keepers of much innovative possibilty at the early phases of enterprises.…

> I build tech enabled, innovative physical infrastructure solutions

Can you explain what it is you do without copying and pasting a line from your pitch deck? This sentence could literally mean any of at least a dozen completely different things.

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