Bill Maris: How Google Could Crush AI Competitors, Why Small Funds Win, and AI's Atari Stage

比尔·马里斯:谷歌如何击败AI竞争对手,为什么小基金获胜,以及AI的雅达利阶段

All-In with Chamath, Jason, Sacks & Friedberg

2026-06-09

28 分钟
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单集简介 ...

(0:00) Bill Maris joins the Besties! (0:33) Four critical lessons from a career in technology (5:58) Building Google Ventures with data and machine learning (9:51) Why small VC funds beat big ones on average (14:36) OpenAI's valuation problem and the AI price war (19:09) AI's "Atari Stage": what comes next? (25:23) VC's broken incentives and the future of deep tech Thanks to our partners for making this possible! EY - Agentic AI is introducing a new investment discipline. As AI shifts to consumption-based models, EY connects spend to enterprise value. https://www.ey.com/en_us/insights/ai/agentic-ai-token-costs?WT.mc_id=3501318&AA.tsrc=sponsorship NYSE - Thank you to our partner, the New York Stock Exchange - a modern marketplace and exchange for building the future. It all happens at the NYSE. https://www.nyse.com Plaud - Never miss a moment. Plaud, our official wearable AI note-taking partner at All-In Liquidity Summit, captured every insight. https://www.plaud.ai Follow the besties: https://x.com/chamath https://x.com/Jason https://x.com/DavidSacks https://x.com/friedberg Follow on X: https://x.com/theallinpod Follow on Instagram: https://www.instagram.com/theallinpod Follow on TikTok: https://www.tiktok.com/@theallinpod Follow on LinkedIn: https://www.linkedin.com/company/allinpod Intro Music Credit: https://rb.gy/tppkzl https://x.com/yung_spielburg
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  • After saying he was out, now Bill Maris is returning to the investing world.

  • The founding CEO of Google Ventures has raised $150 million for his new fund called Section 32. With a smaller fund,

  • I have the advantage to be very selective in the companies that I invest in, the people that I hire.

  • We're going to invest for a financial return.

  • Any other metric is impossible to measure and therefore won't succeed.

  • Think of the change that has happened just in the last hundred

  • years and what's about to happen in the next hundred years with the advent of AI.

  • The world's going to change by orders of magnitude.

  • Thank you very much for that warm welcome.

  • I am Bill Maris.

  • I'm the founder of Section 32. Prior to that, I was the founder and CEO of Google Ventures.

  • I was also Google's vice president of special projects where I incubated Waymo and Google X, Calico,

  • and many other projects as well.

  • Before that, I founded a web hosting and data center company, which we're going to talk a little bit about.

  • Today I think I'm going to talk to you about a few of the lessons

  • I've learned on these interesting experiences I've had in life.

  • So we'll start, we're going to have four lessons I'm going to talk about.

  • And we're going to go back to 1997 to start when I was a fresh college graduate.

  • I had a degree in neuroscience and I found myself on Wall Street somehow, managed to land a job there.

  • But I was miserable having to wear a suit and tried to work in the heat.