Transcript
Introduction
Patrick
Our guest today is Alex Rampell, a general partner at Andreessen Horowitz. Alex has a long history in FinTech, having co-founded six companies in his career, including Affirm and TrialPay. During our conversation, we cover Alex's framework for positive selection in investing, why the best investments are often operating system or systems of record, and Alex's views on the future of FinTech. For those that have listened to our Business Breakdown on Visa with Alex, you know the intellectual horsepower that he brings to every conversation and this conversation is no exception. Please enjoy my great conversation with Alex Rampell.
Lean into Positive Selection
Patrick
So Alex, where the hell to begin this conversation? There's going to be so many avenues we're going to go down. Maybe I'll start with a really simple concept I've seen you put out there. You call it the rules of investing. Rule number one is lean into positive selection and avoid adverse selection. Rule number two is just to see rule number one, so let's zoom in on rule number one. What do you mean by this big overarching idea?