All-In Summit: In conversation with Vinod Khosla
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- čas přidán 12. 06. 2024
- This talk was recorded live at the All-In Summit 2023 at Royce Hall on UCLA's campus in Los Angeles.
(0:00) Besties welcome Vinod Khosla to All-In Summit ‘23!
(2:28) “Most VCs add negative value”
(5:22) AI & OpenAI
(10:37) “The need to work will disappear”
(14:03) “Capitalism is by permission of democracy”
(15:26) Universal basic income
(17:04) AI value creation beyond LLMs
(21:09) Incumbents don’t innovate
(23:52) Fusion
(27:07) Autonomous public transit
(30:10) Asset bubbles and the state of venture
(33:13) Timing the market
Follow Vinod:
/ vkhosla
Follow the besties:
/ chamath
linktr.ee/calacanis
/ davidsacks
/ friedberg
Follow the pod:
/ theallinpod
linktr.ee/allinpodcast
Intro Music Credit:
rb.gy/tppkzl
/ yung_spielburg
Intro Video Credit:
/ thezacheffect
Relevant links:
www.khoslaventures.com
Great interview. I certainly watched it before leaving this comment.
Hahahahahahahahahah
With the success of Open AI, Khosla has re-emerged on the Investor front.
I like the fact that he has embraced Technology & taken really long term bets of People. Always a pleasure being his student.
I have never seen Chamath so silent. Just shows how much respect he has for Vinod.
Nah feels more like he has nothing nice to say
Lmao. It’s the opposite. He secretly hates thai guy
its def racism
@@LennyLewisonvilesLifeLenswhat 😂
Possibly hung over.
Wow! Great guest after great guest! The besties really delivered at this summit
Completely agree.
Handwritten rejection letter from Vinod: Priceless
VINOD!!! Maaan I remember 12 years ago the first investor interview I heard was from Vinod Khosla he became my favorite investor smh I was hook on the industry ever since and thats how I found out about Chamath and Jason! Much respect to Vinod. I will do business with him one day!
What a series. i'm glad that the algorithm brought this conference to me
Vinod is phenomenal.
Wish to meet him.
Very interesting. Thanks for putting these shows together. Really appreciate it. It took the current gatekeeper 30 years with constant innovation to be where they are today and all led by the founding member - ceo. And they have done with significantly fewer emp. compared to other peers in the 1T companies.
Legend! Legend!!
Thank you Vinod for suppressing intro applause. No ego time.
Wait I've never heard of Vinod but he's basically the most successful VC investor ever? Holy shit...
My respect for Friedberg keeps going up! This man backed him!
His company Sun Microsystems created Java
One of the very first enterpreneurs in SF and founding fathers of the modern silicon valley.
Not the most successful VC ever. He's a climate nut. People are polite and don't bring that up.
@@mp3michael prioritizing fusion energy and thinking longer term is very nutty, yes
Thank you for this guest!
A legend!
I like to use the expression, "The kind thing to do, is what's required."
absolute gem this talk
In the 90s and 00s, VCs were essential. However, I believe it's time to move past them. When Vinod invests, he tends to acquire significant portions of ownership, which is often not discussed openly. It's not unheard of for him to sideline a founder without much thought. While VCs do bring financial resources to the table, many would concur that their contributions often stop there. While they might assist with vision-setting, that's just the tip of the iceberg. Real success demands talent, the capacity to execute, profound domain knowledge, adaptability, emotional management, resilience in the face of setbacks, and more. These aren't qualities you can acquire from an occasional meeting and financial injection.
Very good interview!
Again these guests are so interesting and have such knowledge in these awsome fields it's such a shame they were only on for 30 minutes you couldn't have pushed for an hour with them
The summit would be 6 days instead of 3 if that happened
My thing is how do you get these people into government to innovate new solutions and make it run efficiently (make it profitable and reduce spending).
Hey this is the guy who tried to annex the beach near half moon bay!
vinod is the definition of elite. thinks way too highly of himself
His views on public transport slightly undermine his other views, but he's clearly one of the cleverest investors of our time.
He was just describing self-driving Ubers like a grandma who thinks it’s a novel idea! That part was so weird.
Superb
What's funny is that Khosla's job will be replaced first before your cleaning lady is
Fabulous interview. When you stay away from politics you put together the best show in town.
Bingo.
Good guest
I like brutal honesty
does anyone know which Australian music AI start-up was he referring to in this conversation?
respect
out of topic,does anyone know what is the brand of shoes mr.vinod is wearing
Great discussion! Question- Vinod mentioned that he wants to wipe away Soy as a source of protein. I'm wondering what's wrong with Soy that he sees. Any thoughts?
This guy gets it… Waymo is certainly the leader in autonomous driving… and Rocketlab is leading the way for space companies! 👀👀👀👀
why not Tesla and spaceX?
@@ashutosh.sharma exactly lol
Vinod's strategy is to invest in every number 2 following elon musk :D
Interesting and speculative discussion where things are what lies ahead. I'm cautious on UBI (universal basic income) because of how the COVID check experiments has impacted engagement & productivity in the labor market.
Am I the only one in this? Am i comparing apple to orange?
What AI music startup he's talking about?
For *in* city transit, taxis that provide point to point transit on demand are the right way. But for commuting, small vans integrated with software that allows them to pick up passengers with little delay and drop them off with little delay - and do it at perhaps 1/4th to 1/8th the cost of a one-person taxi from home to office - seems like a better solution. And those same vans can turn into point-to-point taxes that an handle any common number of passengers during the rest of the day. The slight increase in size isn't really much of a disadvantage, and the flexibility of being able to handle 6 or 8 passengers AND handle commuting more cost-effectively *is* a significant advantage.
Thanks for listening and for all your help in getting justice for my drugs squad detectives contemporary counterparts
Capitalism needs to be multimodal including financial & diversity of income for fairness & stability
No bro absolutely not. It’s the socialism in our current system that creates all problems.
wow ur racist and dont even know it
Based on Vinod’s criteria of looking at market demand through boom and bust hype cycles…..would he consider Impossible Foods to be a bust or a solid long term investment?
Lol! VK definitely has it out for Elon. Mentioning Waymo as leader in autonomous driving instead of Tesla FSD is disingenuous. Probably got his money stuck there 😂
Nice to hear that some true capitalists pushes for amazing long term innovation and not just short fucking term return
Its surprising to hear people continue to characterize jobs as our meaning… thats a sign of a bigger problem. If your meaning is being a cashier, clerk, assistant, analysis, you my friend are very unique. Most ppl dont find meaning in their job, they dont have the ability to find meaning because they are in the rat race. Lack of “jobs” can and will lead to more meaning, not less. Ppl are busy right now, busy doing nothing jobs for the most part… how could we as people make better use of time? Is the best use of time doing jobs? I doubt it. Lets stop thinking in such familiar ways. If we could build society from scratch, would we push it toward ppl having jobs to survive?
Nah bro that's starting to sound like communism
@@adityajoshi6422 ut oh…
It's also more of an american-centric idea to define your identity from your job. Though it's still somewhat prevalent in Europe, many europeans derive less of their self-worth and identity from their job and more from community, family, passions, etc.
I think while it could be a bit of a cultural shock for many of us, we will likely adapt quite quickly and possibly even find far greater meaning than our previous lives.
Jcal: not bad!😂
Thank God I won’t be around in 25 years, the future he predicts is very scary and disruptive. .
Amazon produced the cloud, and it wasn't led by the founder. Maybe 1 exception to the rule.
Regarding the use of Large Language Models (LLMs): My concern is how easily LLMs can be used to promote propaganda, rhetoric or manipulated truths. AI can be taught to lie with no conscious sense of right and wrong, no regard for consequences, no sense of compassion or concern. Pharmaceutical companies, for instance, sponsoring Call-A-Doc, with AI diagnosing and prescribing medications based on an algorithm that matches age with predetermined medical needs, not actual ones. The company will have huge profits. What about the patients?
It's not as much profit vs nonprofit to me. It is more open vs closed with OpenAI.
What the heck was he saying about public transportation in cities? Seems like even he didnt know.
what kind of person is not a music fan, what's that about? all music?
OK, this guy is adorable.
Sacks fork and knife ready for next juicy red steak
What is Vinod's net-worth now?
LLMs are an innovation from a large company?
A.I. and H.I. (Human Interaction) needs to be balanced. 3 great choices for President (Vivek, Nikki, Marianne). 1 great choice for VP is (contact if wanting to know)...❤🎉
China will likely transition to the new economy quickly, just like they did with solar and EV adoption. The remarkable advancement of China's economy in the past 40 years is not due to some "Tiananmen Square tactic", rather, it is the result of smart leadership at the top, the relentless upgrade of ineffective policies, and a largely pragmatic population that understands the potential detriment to their society if they do not move expeditiously to meet the massive challenges.
Nothing like someone talking their book for the entire session. "People shouldn't ride bikes!"
He did not say that. He said bikes don't increase thru put. His vision seems to be an entire transportation system redo. That will take some time. People will always ride bikes.
@@richardkule9384 and he's wrong. NL, DK proved long time ago that more people move with bikes than any other mode of transportation. Long distance is hard for bikes. Throughput isn't
That's a point.@@anibaldamiao
15:30 I love how business leaders can see the protentional for catastrophe for the human race yet still plod forward regardless. It's great being a Guinea pig for their technological endeavours....ah well at least they'll get their returns, right?
Funny he didn't mention the hundreds of million he invested in clean tech and climate within the last 10 years. Instead he goes back 25 years.
Tesla has taken a different route from LLMs.
Regarding UBI: Humans are well-meaning. Humans are also greedy. With universal basic income, someone is going to pull a Napoleon, rationalizing that we are all equal, but some are more equal than others.
He claims that people will work if they want to, not because they need to. How would this be addressed if the individual desiring to work is not as efficient as an automated system (such as AI)? Would the worker get paid but have to forfeit UBI?
Chamath was probably math that he likes rocket lab and he said rocket lab was not going to work
Today i first time hear from Mr. Khosla and below are the observations:
1.He likes little bit of dictatorship
2.He advocate for AI led development instead of Human led development
3. He is bullish on future technology but can't predict or tell the outcome of it.
4. He contradicts himself as 1st he said Humans will not need to work in future and instead can be productive by producing music, play sports etc but at the same time he invested in something that will replace humans even in Music or pleasure activities.
5. He dont understand the value of empathy or touch & feel emotional support n Medical field and hell bent on replacing it with AI
6. He dont understand the education requires contexts & enthusiasm while teaching. F.E many stem students leave stem as they dont find it engaging but later realize that they r really interested in Science or physics. They left it coz their teacher was not efficient enough to make it interesting. History needs contexts all the time. AI cannot replace it. AI can be a medium to reach good teacher (Indian on youtube) but cannot replace it.
Mr. Khosla is very accomplished and i can never achieve even 1% of what he has achieved. but these r my honest thoughts. He is hyper bully for profit as he should be being venture capitalist but when he talks about not fot profit project, i cant help but chuckle. Anyways these people decide the future of humanity so my comment will not change much anyways.
"Legend, legend" Jcal loll
CHANGE THE THEME SONG, VERY MID
First
Wow Sachs 1,400 unicorns with maybe half fake?
He hasn’t seen innovations from big companies. Obvious when you’re a vc.
@vinodkhosla #VinodKhosla but the entire drugs squad detectives too be freed needs to now be relocated to other countries because of the harm they've done too Australia in particular too the USA where their efforts to depopulate humanity would open country up to fresh waves of potential immigrants benificial too the research and development of a systematic categorical comprehensive global society solutions in real time playback
Listening to Khosla is an Elitist.
.
October 2023 - all in podcast with Vinod Khosla - CZcams
- many of his startups failed. Sun succeeded. 1B in revenue in 5 years
I disagree there is no way the need for work will disappear. Most People will be piss poor if that happens and most money will be concentrated in the hands of very few. You can’t tax the companies or institutions that make the money to the level to have a decent income. Let me explain, if you wire 1,000,000 to every person it will be 100% inflationary. Prices will adjust for the “free” income. This is basic function of the economy. I can go on and in. Limited UBI to some people is very different than to everyone. People can’t think this through. The tax on productive assets would be so high that it will cause all those assets to move to a location with lowest taxes.
I came with an open mind, but I'm not impressed.
Why would you have had to come with “an open mind” - what prejudices did you need to fight
Umadb 😂
Asked so many good questions but failed to answer most - weird
this guy is overrated
Not everything is apparent upfront...
Do 1% of what he did lol
Ray Dalio is overrated, and so are their other guests then. You’re letting your prejudice show. People have different cultural communication styles
Binod
The start up ecosystem is biased towards big money KP and GV can raise down rounds and force dedicated employees out to dilute the share pool in a last bid failed effort to go ipo. It’s time for SV workers rights ala Detroit unions guaranteed ipo cash out and four day work weeks these billionaires lost their grind with their first cash out
In Vinod's world, nobody will work and doctors don't exist. I suspect he won't see that vision come to fruition in his lifetime.
He sensationalizes headlines. 80% computational/AI, 20% human makes sense. Are you a physician? Have you not seen the big push in our field to start standardizing work flows?
I disagree....individual public transport is a complete chaos....as seen in 3rd world countries
not if its autonomous. where each pod will communicate with each other. that will be far more efficient.
Guys dillusional
"I'm really excited about this big music thing. Invest guys"
"What music do you like?"
"Actually I don't listen to music at all" 😂
Well what the fuck good sir why would you be my go to for investing in a music idea 😂
Mf just yapping
Let's get a 90% wealth tax on this guy.
thats absurd.
My BS radar went off a few times. Not impressed.
This guys an absolute legend, I think maybe you’re perceiving his generalities too critically, there’s a ton of wisdom behind them. Ray Dalio is the same, and yet he’s lauded. Hmm I wonder what’s different. Are you able to understand Vinod’s communication style?
@@pulse3554 I think I highly prize humility, even if one has achieved what is perceived by many as the ultimate objective. Ray Dalio has it: the rare combination of humility and extraordinary achievement and vision.
Trump 2024 🎉
Vinod Khosla is over rated. So much talk, didn't answer any question and no wisdom.
This is so boring, all the other videos from the summit have been good. This guy is a total waste of time
“Here’s my response to OpenAI moving from non-profit to profit: “