Sourcery

David Baszucki, co-founder and CEO of Roblox, built a global real-time platform and creator economy that has paid out over $1.5B. He discusses massive infrastructure and AI systems underpinning social games. Topics include building a programmable 4D world, designer tools and creator pay, rich data for interactive AI, safety vs rogue bots, and why Roblox sees gaming as a new communication medium.

Ben Miller, Fundrise CEO who built a retail platform and launched the VCX public venture fund. He recounts bringing venture exposure to everyday investors. Topics include VCX’s dramatic NYSE debut and premium surge. Discussion of VCX’s top private holdings like Anthropic and OpenAI. Covers sourcing allocations during the downturn, closed‑end fund mechanics, and the shifting gap between private and public market growth.

Michel Del Buono, CIO of Perennial, the multi-family office built for founders and principals. He talks about why traditional wealth managers fail, how to manage concentrated stock and prepare for mega IPOs, why volatility creates opportunity, and the structural case for institutional-quality investment teams for taxable individuals.

Steve Huffman, Co-founder and CEO of Reddit, who led its product and business strategy through massive growth. He discusses how Reddit built a durable ad business, became essential training data for AI, the “ass in seat” idea of human oversight, tackling bots and AI content, and why authentic communities matter more than viral tricks.

Alex Bouaziz, co-founder and CEO of Deel who scaled global payroll to $1.4B+ ARR and 40K+ customers, shares growth tactics. He covers rapid global expansion, a 10+ acquisition M&A playbook, building profitable hypergrowth SaaS, and how AI and autonomous agents will reshape distributed workforces.

Alex Immerman, General Partner on a16z Growth investing across AI, fintech, and autonomous vehicles. He dives into how a16z finds and scales category leaders. Conversation hits Waymo’s autonomous-driving strategy and market dynamics. ElevenLabs’ voice AI breakout and defensibility. Kalshi’s regulated prediction-market approach. Why private markets now capture outsized growth opportunities.

Gili Raanan, founder of Cyberstarts and veteran cybersecurity investor and entrepreneur, reflects on backing Wiz early and watching it grow into a $32B outcome. He discusses investing before product, what made Wiz’s founding team exceptional, how AI agents will reshape security, and the top risks shaping cybersecurity’s near future.

Alfred Lin, partner and co-steward at Sequoia Capital known for backing Airbnb and DoorDash. He discusses why AI is the biggest paradigm shift of his career. He explains why “AI kills SaaS” is too simplistic. He explores how moats and go-to-market change during platform shifts. He describes what boards and investors are wrestling with as startups scale faster than ever.

Thomas Laffont, Co-founder and partner at Coatue, a $70B tech-focused investor. He discusses Coatue’s lead in Anthropic’s huge round and why AI is stirring volatility across SaaS and tech. He reacts to the Citrini paper and explains expanding AI budgets in boardrooms. He also names contenders for the “Next Mag 7” in private markets.

Trae Stephens, partner at Founders Fund and Anduril co-founder, brings defense tech and operator-investor perspective. Cameron McCord, CEO of Nominal, builds a data platform for hardware testing. They discuss Founders Fund's preemptive $80M lead, Nominal as a GitHub for hardware testing, fixing the broken federal testing stack, cutting test campaign time, AI-enabled engineering workflows, and scaling go-to-market and hiring.