Uncapped with Jack Altman

Benchmark Breakfast #1 | Jack and Ev

Jack Altman and Ev Randle, both Benchmark partners, launch Benchmark Breakfast, a looser alternative to their Monday partner meetings, and discuss Anthropic's S-1 filing, its revenue against compute costs, and the AI code generation boom. They also cover open versus closed AI models, the economics of inference providers, AI-driven cybersecurity risk, and whether AI can transform biology and robotics.

29 Oct · 56 min

Uncapped #51 | Joe Lonsdale from 8VC

Jack Altman talks with Tobi Lütke, CEO and founder of Shopify, about how he has kept his love for running the company for two decades. The episode also covers his views on product craft, originality, AI's effect on teams, token costs, entrepreneurship and the physical economy.

27 May · 43 min

Uncapped #50 | Tobi Lütke from Shopify

Jack Altman interviews Kevin Hartz and Bennett Siegel, partners at the seed-focused venture firm A*, about the firm's strategy, the seed market and bubble risk. They discuss fund size, fees, founder trends, rollups, AI and hardware investing.

20 May · 58 min

Uncapped #44 | Max Junestrand from Legora

Jack Altman hosts this first episode of a new format with Legora founder and CEO Max Junestrand and Benchmark investor Chetan Puttagunta, who sits on Legora's board. They discuss how Legora grew into a large legal AI company, how it was built around product, engineering and fast pilots, and how its culture and expansion work.

12 Mar · 50 min

Uncapped #43 | Garry Tan, Harj Taggar, and Jared Friedman from YC

Y Combinator partners Garry Tan, Jared Friedman and Harj Taggar join host Jack Altman to discuss how YC has changed since their own batches in 2006 to 2008, how AI coding tools such as Claude Code and Codex are changing what YC looks for in founders, and what it means for product quality, competition, capital and the startup market. The conversation also covers SaaS, venture capital, YC's expansion and politics in San Francisco and California.

3 Mar · 59 min

Uncapped #42 | Bret Taylor from Sierra

Jack Altman interviews Bret Taylor, founder and CEO of Sierra and chairman of OpenAI, on Uncapped about the software sell-off, whether systems of record keep their value, and how AI agents change pricing and company building. They also cover Sierra's customers and growth, the strategy tax that holds incumbents back, Codex, ads in AI products and how Sierra's board is structured.

19 Feb · 1 h 1 min

Uncapped #41 | The Benchmark Partnership

Benchmark partners Chetan Puttagunta, Peter Fenton, Eric Vishria and Everett Randle join host Jack Altman to explain why the venture firm has stayed small and why it partners early with founders rather than scaling. They discuss board seats, founder references, the firm's equal-partnership structure and the AI companies it backed before the AI boom, including Legora, Sierra and Cerebras.

4 Feb · 57 min