01:57:53 路 Matthew Prince
[01:57:53] S13: Yeah. I mean, I think a couple of different things. So one, I think we're we're trying to make bets on on people who who can who can really function in in really dynamic environments. And and that for us has been somewhat different than I I think a lot of other people. A lot of other people have cut back, for example, on kind of early career hiring. We we you know, Cluffer's about, like, 5,000 employees, but a little bit less than that now. But we hired 1,111 interns this this summer. They're straight out straight out of college. And they're like, they're just they're just killing it because they they are so native to to these tools. And and, again, I think we've always thought of our job is training the interns, but this year, like, the interns are helping train a lot of us in how to how to how to do these things, you know, really well. So I think staying super dynamic. And then, you know, from our perspective, just making sure that we've got optionality, going forward. So, you know, it's it's it has gotten tougher, to get equipment, today. Memory prices are are through the roof. You know, things are harder, but we've we we just have a team that's always constantly trying to figure out how how to to refine that. And then, generally, I think we're we're trying to be a, you know, big adopters of AI, not just in developer land, but also across the entire the entire business. So we built something called Cloudflare OS, which allows, you know, anyone on our finance team, legal team, you know, accounting team, finance yeah. Any anyone that's out there at the company to be able to have access to to tools and and and and really figure out how how their job gets done. The clever thing that we did to seed it was we actually set up this email address. And initially, we told the team that it was this magic AI model. And if they just wrote to the email address then and ask it, you know, I I have this part of my job that I need to get done. How do I get that that done? It would you know, sometimes it would ask more questions, but it would it would actually give you kind of a response back. What what we didn't tell people was actually it was a team team of humans behind the scenes that was initially receiving these these emails, and then they were using AI systems to kind of flush things out.
01:59:58 路 Matthew Prince, Jordi Hays
But what they were really doing was recording all of the kind of key jobs to be done within the organization because, you mean, you have to if you're gonna have AI systems that can help facilitate this, you actually have to record what are the steps that people are are doing as as as a part of that. And so as a result of that, we've been able to see this this Cloudflare OS now with the ability to do things like if you're on the sales team and you have to do, like, an account plan, you know, you can literally just type slash account plan and then describe what it is that you wanna do, and it will output that. And that's made that's made our team so much more productive. And and again, I think it's giving us the flexibility to be able to respond to, you know, whatever comes next. [02:00:41] S0: Very cool. Final final question. Are we gonna are we gonna see an exponential increase in the number of interns this summer? We're gonna see ten ten thousand interns? I don't know.
02:00:41 路 Jordi Hays, Matthew Prince, John Coogan, Farza Majeed
[02:00:41] S0: Very cool. Final final question. Are we gonna are we gonna see an exponential increase in the number of interns this summer? We're gonna see ten ten thousand interns? I don't know. [02:00:53] S13: I mean, I I I we've got to find a place to put them all. And so it's mean, our office in Austin, like we've it's a big space in Austin. We've run out of space there because we have so many interns there. It's I just I just think that there it's I think a lot of companies are doing this wrong where they're saying, like, we're we're not gonna bet on on on the new people coming out of school because, you know, AI is gonna replace them. I mean, these these kids know how to use AI better than anyone else. So we're gonna bet incredibly heavily on that, and it's, and it's so far, it's paying off. I mean, these the like, I think the person who eventually replaces me might might literally be one of the interns to today because they're just so so so smart. [02:01:33] S1: It's happened it's happened before. I mean, I don't know if Satya Nadella was an intern, but he has that famous video of him as a product manager demoing Excel. And yeah. Oh, he company man. [02:01:42] S13: I remember I mean, I I was on a bunch of of calls with Satya Yeah. Before he was before he was CEO. And he was he was just a product manager, you know, at at So I think just if you you can find really great people and and be able to [02:01:58] S1: move on. [02:01:58] S0: That's a That's a There's a GOAT [02:02:00] S6: out there.
02:02:00 路 Farza Majeed, John Coogan, Jordi Hays, Matthew Prince, Bret Taylor
[02:02:00] S6: out there. [02:02:01] S1: Yeah. You're the GOAT as well. Yeah. Yeah. You know, whenever you put up a 100,000 basis point move in your stock over just a couple years, you're in you're in contention for GOAT, I I say. Always a fantastic time. [02:02:16] S0: Thanks for jumping on. [02:02:17] S13: Good to see you guys. [02:02:18] S1: Nice to [02:02:18] S6: talk to soon. And by the way, [02:02:19] S13: I haven't talked to you since the the [02:02:20] S1: acquisition Thank of the you. I appreciate it. We'll talk to you soon. Have a good one. Let me tell you about console.com. Console automates I builds AI agents that automate 70% of IT, HR and finance support giving employees instant resolution for access requests and password resets. We will be joined by Vinod Khosla And while we [02:02:42] S0: just a few minutes. While we wait, Mad's summer vacation is looking good. Let's see what's on the schedule. [02:02:48] S1: What is on [02:02:49] S0: 6AM, he's waking up on the wrong side of the bed. Okay. 7AM, he's split between judging a book by its cover and beating a dead horse. [02:02:57] S1: Okay. [02:02:57] S0: 8AM, this is where it gets spicy, he's gonna poke the bear. [02:03:00] S1: Gonna poke the bear. [02:03:01] S0: And shortly after that, he's skating on thin ice right into walking on eggshells. Wow. And at 10AM he decides, alright, it's time to address the elephant in the room. Okay. At eleven gets a bit dark, he's gonna cry over spilled milk. Yeah. But at noon he's letting the cat out of the bag. [02:03:17] S2: That's exciting.
02:03:17 路 Bret Taylor, Jordi Hays, John Coogan, Trent Simonian
[02:03:17] S2: That's exciting. [02:03:18] S0: And that's where it really ramps up. He's starting at one to bark up the wrong tree and again, but at the same time holding his horses. [02:03:25] S1: He's double bucked. [02:03:26] S12: But then [02:03:26] S0: at 2PM, he's gonna add fuel to the fire. [02:03:28] S1: That's fantastic. [02:03:28] S0: And I can't really think of a more perfect summer day, John. [02:03:32] S1: You know you know there's a you can share your calendar with someone else and you can share it privately. So you can just see that I'm booked but you don't actually know if I'm having a meeting with someone. Maybe I'm interviewing Vinod Khosla, you won't see that. But you could build a plug in that changes the book to just these things. That would be delightful. The next Google April fools [02:03:51] S0: Super intelligence. [02:03:51] S1: I would that. [02:03:52] S0: Yeah. Somebody just can only see that you're letting the cat out of the bag Yeah. That's that's pretty exciting. [02:03:59] S1: Yeah. [02:03:59] S0: It's kind of mysterious. [02:04:00] S1: Okay. Don't interrupt him. It's an important meeting. He's letting the cat out of the bag. But hey, he's just beating a dead horse. Maybe I should go grab coffee with him, see if he wants to spin out on that. [02:04:10] S0: There's a website. Is big. [02:04:12] S1: Joe Weisenthal. [02:04:13] S0: Turning Joe Weisenthal's tweets into full articles.
02:04:13 路 Jordi Hays, John Coogan, Vinod Khosla
[02:04:13] S0: Turning Joe Weisenthal's tweets into full articles. [02:04:17] S1: This is crazy because there's a there's a live show that turns his tweets into like minutes of just back and forth conversation and banter. But somebody made a version of our show that's just web pages. So they scrape every Joe Wiesenthal tweet and they turn it into a full SEO optimized art This is great. It it is great and Joe looks great in this photo. He's looking good. He's looking quizzical. He's having fun. Well, let's bring in our next guest, Vinod Khosla, the founder and managing director of Khosla Ventures. Vinod, thank you so much for taking the time. How are you doing? [02:04:55] S9: I'm doing great. Great to be here. [02:04:57] S1: Fantastic to have you. I want to kick it off with some of the recent deal making that you've been doing. Your outlook on artificial intelligence is obviously front and center. But what has been the most recent fundraise that you've done? Why did it get you excited? [02:05:14] S9: Well, obviously, there's a lot hits on yesterday or today. We are working a lot and doing a lot of new things That I'm pretty excited about is a company like Pramana. Mhmm. But more importantly, the broad category of order formalization, which isn't talked about much. But humans aren't very good at talking to AI in driving what they precisely want. And that's where auto formalization becomes important, and companies like Fana become very important.