Sourcery
Sourcery with Molly O'Shea
22 episodes
Inside fal’s $1.65B Series E & F Led by Sequoia & Bessemer
3 Nov · 1 h 4 min
- fal raises $1.65B across back-to-back Series E and F rounds led by Sequoia and Bessemer, its largest raise yet.
- Yurtseven says generative media is one of AI's three product-market fits, and fal's revenue is now split 50/50 between image and video.
Inside $17B Index Ventures: Anthropic, Wiz, Datadog & the Future of AI
2 Nov · 44 min
- Index Ventures manages about $17B and its 2012 fund returned 11x DPI, as Shardul Shah says venture is industrializing.
- Shah says Index invested over $250M in Wiz and he and Gilly Ronen think Wiz sold too early.
Inside Starcloud’s $2B Space Factory
31 Oct · 1 h 10 min
- Starcloud CEO Philip Johnston says its first satellite, Starcloud One, cost about $2.5m to build against a quoted $75m to $100m.
- Johnston argues space compute beats terrestrial solar data centers once launch costs fall below about $500 per kilogram, since space avoids land permitting and battery backup.
I Got Interviewed! The Story Behind Sourcery, Alex Karp, Sam Altman Clip..
30 Oct · 1 h 6 min
- Molly O'Shea's walking interview with Alex Karp, where he swung a sword, became a viral meme with about 4.3m views on X.
- Molly O'Shea says she has interviewed more than 20% of her top 100 dream guest list and will make it an annual feature.
Franklin Templeton CEO on SpaceX, Anthropic, Circular Deals & the State of the Market
29 Oct · 42 min
- Jenny Johnson, CEO of Franklin Templeton, says the Legg Mason deal's $4.5bn price was followed by a close 60 days early despite COVID lockdowns.
- Johnson says acquirers make a big mistake by assuming their own team is the best, a lesson drawn from Franklin's 17 acquisitions in six years.
The $2B AI Startup Simulating Human Behavior with 85% Accuracy
26 Oct · 56 min
- Simile CEO Joon Sung Park says a 2024 test showed its digital twins predicted behavior with 85%-plus accuracy, using about 1,000 Americans interviewed by voice AI agents.
- Park argues the key challenge is the gap between what people say and do, since survey answers follow a normal distribution while actions follow an exponential curve.
Ex-Twitter CEO Says We’re Underestimating AI Agents by 10,000x
24 Oct · 1 h 0 min
- Parallel, which builds APIs for AI agents to search and access the web, closed a $100m Series B at a $2bn valuation last month.
- Parag Agrawal, Parallel's co-founder and former Twitter CEO, says agent web use is 10 to 20 percent of human use, implying at least 5,000x to 10,000x growth ahead of his 1,000x forecast.
Bending Spoons is Eating Silicon Valley | CEO Luca Ferrari
18 Sept · 1 h 15 min
- Luca Ferrari says Airtable was a great business whose roughly $1.3bn enterprise value still returned investors their money plus more despite a high 2021 valuation.
- Bending Spoons buys digital businesses to hold forever, rebuilding their code, infrastructure and pricing on an operating system of over 50 proprietary tools that it says saves at least $100m a year.
Inside Bending Spoons: Buying Airtable, AOL, Vimeo & Eventbrite
14 Sept · 1 h 18 min
- Bending Spoons agreed to buy AOL for $1.5bn and is rebuilding it on its platform, with AOL still serving millions of very active users.
- Luca Ferrari says price wins most deals, and the promise never to sell acquired companies is the second reason founders pick Bending Spoons.
Dylan Field on the “Permanent Underclass of Zero Taste”
2 Jul · 48 min
- Dylan Field tells Sourcery that design is far more than visuals, pushing back on the claim that design is dead as engineers, PMs, and designers each argue they are not needed.
- Field argues that AI-generated design defaults to the average, and points to Figma Weave, which lets users steer model outputs, as the path to bolder work.
Benchmark's AI Bets: Cerebras, Sierra, Legora, Fireworks, Starcloud, Gumloop..
29 Jun · 57 min
- Ev Randle of Benchmark argues the old SaaS playbook is broken, since AI inference is expensive and high gross margins can signal customers are not using AI features.
- Randle says the most popular AI companies invert nearly every software metric, and bigger AI companies no longer get safer, with devaluation from a prior round a live risk at any scale.
Brian Armstrong: “Capitalism Lifts Everyone Up”
26 Jun · 58 min
- Brian Armstrong says Coinbase will bridge the 4bn unbrokered people to US companies by launching tokenized stocks, arguing existing products are synthetic derivatives rather than one-to-one backed tokens.
- Coinbase Advisor, an SEC-registered AI adviser, gives real investment advice rather than disclaimers, with a human accepting each recommendation, which Armstrong calls a real moat for building an investing frontier model.
What a $75 Million Airplane Actually Costs to Own
20 Jun · 1 h 22 min
- Israel Slodowitz, founder and CEO of Craft, says AI and IPO wealth is pushing new buyers straight to super mid and heavy jets, skipping entry-level models.
- Slodowitz estimates only about 0.0001% of the world's almost 8bn people fly private today and expects a major aircraft and parts shortage as that share grows.
Brian Singerman: "If SpaceX Didn't Work, Founders Fund Wouldn't Exist"
11 Jun · 51 min
- Brian Singerman says over 98% of his venture decisions came down to whether a founder could be the best in the world at something novel.
- Singerman says Founders Fund bet its careers on SpaceX in 2008 because Elon Musk was clearly the one person who could pull it off.
Inside Impulse Space's Factory with Founder Tom Mueller (Full Tour)
4 Jun · 44 min
- Tom Mueller, founder of Impulse Space and former SpaceX propulsion leader, says the company is bidding on lunar landers as in-space transportation becomes its focus.
- Impulse Space's Mira orbital transfer vehicle can stay in orbit for five years, and two of the company's three spacecraft came within 1,200 meters of each other during a rendezvous last year.
Why Impulse Raised $500M to Move Things in Space | President & COO Eric Romo
2 Jun · 48 min
- Impulse Space raises a $500m Series D led by One Through Seven Ventures and Banner VC, bringing total funding to just over $1bn.
- Eric Romo says Impulse is hiring and expanding facilities with the new money, even though it already had ample cash and no urgency.
The Token-Maxxing Bill That Shocks Every CFO — & the Fix
1 Jun · 55 min
- Merge co-founder Gil Feig says AI token bills are brutal for CFOs, so Merge is investing heavily in cost savings through its Gateway product.
- Merge's Shensi Ding says a large deal that would have consumed about 90% of resources paused for a month, pushing the team to adopt AI coding tools like Claude Code and Windsurf.
Inside the Alibaba Boardroom: Jack Ma, Masa Son, Joe Tsai & Jackie Reses
28 May · 1 h 7 min
- Jackie Reses says there was no systematic debanking of crypto, only banks exiting because clients or compliance economics did not justify it.
- Reses says Yahoo, which owned 40% of Alibaba, brought her onto the Alibaba board to repair a relationship that had stalled after a clash between Carol Bartz and Jack Ma.
Inside Marc Andreessen & Ben Horowitz's Multi-Family Office (Part II)
22 May · 57 min
- Michel Del Buono, chief investment officer of a16z Perennial, says founders' stock basis is effectively zero, so the full gain faces long-term capital gains tax that can exceed 35% depending on state.
- Del Buono says wealth managers conflict when urging clients to sell everything, and most people should keep stock while engaged with the company, with some diversification for a rainy day.
Exclusive Interview: Coatue CIO on AI's Biggest Winners
15 May · 57 min
- Jaimin Rangwalla of Coatue says Anthropic's annualized revenue jumped from $9bn in December to $30bn, with OpenAI and Anthropic together near $60bn.
- Rangwalla says Coatue now follows gigawatts across the AI supply chain, since memory tightness has lasted longer than past cycles with supply deals guaranteed through 2029 and 2030.
How AWS Sold Cloud to the CIA – Teresa Carlson GCI
11 May · 1 h 8 min
- Teresa Carlson says AWS had to define the government cloud market itself, since agencies had no way to buy cloud, no contracting mechanism and no security regime.
- AWS won a classified CIA contract in 2012 or 2013 that required building the first classified environment for the intelligence community, bid by a team of four against IBM and Microsoft.
Inside General Catalyst’s $1.5B AI Roll-Up Machine
5 Dec 2025 · 52 min
- General Catalyst bets AI roll-ups can earn software-like margins in the $16tn services market, far larger than software's $1tn.
- The firm put $1.5bn into Creation and invests $100m to $150m per project over three or four rounds.