Sourcery
Interviews with the top Investors, CEOs, & Founders
Episodes
Thrive Capital's Bet on Neuralink, OpenAI & the Future of Medicine
Dr. Nworah Ayogu, MD, MBA, Partner at Thrive Capital, joins Sourcery to discuss how AI is transforming drug discovery, medicine, and the economics of healthcare.A Harvard-trained physician, founding team member of Cityblock Health, former General Manager of Amazon Clinic and first Chief Medical Officer of Amazon Pharmacy, Nworah is now a partner at Thrive Capital. The investment firm has grown to
Perplexity CEO: SMBs Could Drive the Next Economic Boom
Perplexity Founder & CEO Aravind Srinivas believes the next wave of American economic growth could come from smaller, AI-native businesses, not just the largest technology companies.Perplexity, valued at ~$20B with more than $2B in reported funding and backing from NVIDIA, SoftBank, IVP, NEA, Accel, Jeff Bezos, and Elad Gil, has evolved from an AI answer engine into a platform for autonomous a
USV’s New $900M Fund: Fred Wilson, Rebecca Kaden & Mike Mignano
USV spent 20 years keeping its funds small on purpose. Its new $900M raise is the largest fund cycle in the firm’s history.I sat down with USV General Partners Fred Wilson, Rebecca Kaden and Michael Mignano at the firm’s New York office to unpack why one of venture capital’s most disciplined early-stage firms is getting bigger now, and what they think the next era of AI will look like. Together wi
John Collison, Stripe: AI Agents Will Rewire the Internet
John Collison, Co-Founder of Stripe, on how AI agents are changing commerce, payments and the internet itself.I sat down with John at Browserbase Navigate to talk agentic commerce, computer use, cybersecurity and why Stripe considers 2026 the beginning of the “singularity epoch.” We get into why computer use could be the next major leap in AI, how agents will reshape product discovery and transact
Frontier AI Is a Ferrari. Most Companies Need a Model Y | Turing CEO
Jonathan Siddharth, Co-Founder & CEO of Turing, joins Sourcery to break down how AI training & deployment are changing in 2026.We cover the shift from training models to pass benchmarks to training agents for real work through RL environments, and why AI agents that can operate for days today could eventually work autonomously for weeks, months and years.Jonathan explains why open-weight m
Annie Lamont: $14B Managed, 70+ Exits, 15 IPOs, 7x Midas Investor
Annie Lamont is Co-Founder and Managing Partner of Oak HC/FT, the healthcare and fintech investment firm she built with Andrew Adams. Across 40+ years she has managed $14B, backed 70+ successful exits and 15 IPOs, and been named the top healthcare investor on the Forbes Midas List multiple times. Her portfolio includes athenahealth, Devoted Health, One Medical, CareBridge, VillageMD, Main Street H
IMEC Says Today’s AI Will Look Ancient in 10 Years
AI's next bottleneck? It might not be GPUs. Memory prices have risen 700% this year, while power, cooling and data transfer are all becoming major constraints on the AI infrastructure buildout. At the same time, the semiconductor industry is approaching the physical limits of simply making transistors smaller.I sat down with Steven Latré, VP of AI at imec and Thema Board Member, and Adam Chamb
The $500B Opportunity in Europe’s Defense Buildout
Europe is preparing to mobilize up to €800B in additional defense spending. But money alone doesn't solve one of its biggest problems.After decades of underinvestment, Europe's defense industry needs to dramatically increase its ability to manufacture at scale. Component lead times can stretch into years, certain contracts can take 4–5 years to deliver and modern warfare increasingly requi
The $10T AI Buildout Has a Photonics Problem
AI's next infrastructure bottleneck? It's everything connecting them.As AI models grow, they increasingly need to run across massive clusters of GPUs. Traditional copper interconnects are running out of steam, pushing the industry toward optical interconnects and silicon photonics.I sat down with Thema's Herwig Van Hove and Yannick De Koninck in Monaco to go deep on the photonics suppl
The $3B Company Trying to Beat Amazon Prime
Stord is on track to cross $1 billion in annual revenue this year after 10Xing the business over the last four years.The goal: level the playing field with Amazon Prime for the other two-thirds of commerce on the internet.I sat down with Stord Founder & CEO Sean Henry in Cap Ferrat to talk about the company's $250M Series F, its massive bet on robotics and AI, and why he believes the bigge
How Deel Scaled From $100M to $1B+ ARR in 3 Years
Deel went from $1M to $100M in ARR in under 20 months, then from $100M to $1B in just 3 years.Today, the company has surpassed $1.5B in revenue and is valued at $17.3B.I sat down with Shuo Wang, Co-Founder & CRO of Deel, to break down the sales and operating machine behind one of the fastest-growing companies in tech.Shuo co-founded Deel alongside Alex Bouaziz, Co-Founder & CEO, in 2019. T
How Apollo, Citadel, Blackstone, & Bridgewater Built Their Brands
Jen Prosek has spent more than two decades helping build and protect the reputations of some of the biggest names in finance.She is the Founder & Managing Partner of Prosek Partners, which works across private markets, asset management, venture capital, banking and technology — representing clients with roughly $70 trillion in combined AUM.We sat down at the New York Stock Exchange to unpack h
10 of The Wildest Hot Takes From the All-In Summit 2026
The All-In Summit returned to Los Angeles this year with one of its biggest lineups yet: Elon Musk, Jensen Huang, Satya Nadella, Gwynne Shotwell, Jared Isaacman, Brad Gerstner, Bill Gurley, Dina Powell McCormick, Jake Paul, Nick Shirley, Blake Scholl, Martin Shkreli and more — alongside hosts Chamath Palihapitiya, Jason Calacanis, David Sacks and David Friedberg.Over three days, some of the bigges
a16z Just Launched a School
Gagan Biyani, Founder & CEO of Horowitz Andreessen Academy (fmr Co-Founder of Udemy and Maven), joins Sourcery from a16z’s San Francisco office to unveil a new kind of school built for the AI era.Backed with $42M from a16z and investors including Adam D’Angelo, Tobi Lütke, Tony Xu, Fidji Simo and Shyam Sankar, Horowitz Andreessen Academy is an AI-native, unaccredited residential program design
Eclipse's Lior Susan on $12.5B AUM and the Bet on Physical Industries
Eclipse spent 8 years investing in manufacturing, space, semiconductors, defense & mining while the rest of Silicon Valley funded SaaS. Lior Susan says the math was never close.Lior Susan is the Founder & CEO of Eclipse, the Palo Alto firm he started in 2015 with a $125M debut fund alongside Pierre Lamond, who was 85 at the time & had already spent a career at Fairchild Semiconductor u
Brad Gerstner on the Largest Wealth Transfer to America’s Kids
Brad Gerstner, Founder of Invest America, on scaling Trump Accounts with Michael Dell:“We forecast that within the next 10 years, we will have $4 trillion in Trump Accounts.”“This is $4 trillion of wealth transfer to kids who would've otherwise had zero, who feel like they're totally out of the game.”Stats:› 70M U.S. kids under 18 is the goal› $6.25B committed by Michael & Susan Dell t
Bending Spoons is Eating Silicon Valley | CEO Luca Ferrari
Luca Ferrari, Co-Founder & CEO of Bending Spoons, sits down with Molly O’Shea at the company’s Milan headquarters for Part II of our Bending Spoons series, going deeper into the technology, culture and operating philosophy behind the company.Luca takes us inside Bending Spoons’ centralized technology platform, including 50+ proprietary tools, 95% of code being written by AI, its internal Alt S
Brad Gerstner: The $100 Test That Could Save 50,000 Lives a Year
Brad Gerstner & Jason Chang are trying to turn the $100 CAC heart scan into the “mammogram for the heart.”At the All-In Summit, Brad and Jason brought his mobile coronary artery calcium CT scanner to screen attendees & make the case for preventing heart attacks at scale.Heart disease kills ~800,000 Americans annually. Brad and Jason believe scaling CAC scans to 40M people a year could save
Inside Bending Spoons: Buying Airtable, AOL, Vimeo & Eventbrite
Bending Spoons buys companies and never sells them. Since listing in July it has spent roughly $2.6B, and the pipeline has never been fuller.Bending Spoons (NASDAQ BSP) is a Milan-based technology company that acquires digital businesses, rebuilds them on its own platform, and holds them permanently. It owns AOL, Airtable, Vimeo, Eventbrite, Evernote, WeTransfer, Brightcove, Tractive, Remini, komo
Saronic's 4 Co-Founders on Building a $9.25B Shipbuilder | Part III
Dino Mavrookas, Rob Lehman, Doug Lambert, and Vibhav Altekar are the 4 Co-Founders of Saronic, the autonomous maritime company that has gone from founding in 2022 to raising ~$2.6B at a $9.25B valuation in just 4 years.The founding team brings together deep experience across defense, maritime autonomy, engineering, and investing: Dino spent 11 years as a Navy SEAL before joining Vista Equity Partn
Dino Mavrookas: America Needs to Build Ships Again
Dino Mavrookas, Co-Founder & CEO of Saronic, is building one of the fastest-growing defense companies in America.Saronic is now valued at over $9B, has raised $2.6B, and is making a multi-billion-dollar bet on rebuilding America’s maritime industrial base.In Part II of our three-part series inside Saronic, Dino and I sit down to go deeper into the business, the market, and why America’s shipbu
Inside Saronic’s $9.25B Autonomous Boat Factory | CEO Dino Mavrookas
Saronic Co-Founder & CEO Dino Mavrookas takes us on a tour of the company’s 420,000 sqft autonomous boat factory in Austin, Texas.This is Part I of a 3-Part Saronic dive. Sit-downs with all 4 co-founders to follow.Founded in 2022, Saronic has raised $2.6B at a last valuation of $9.25B. We walk the Corsair production line, which has capacity for 2,000 autonomous boats per year, and climb aboard
BlackRock's Tony Kim on AI's Next Winners?
Tony Kim is Managing Director and Head of the Global Technology Team within Fundamental Equities at BlackRock. Recorded at the RAISE Summit in Paris, where Tony spoke on 4 panels, next-gen accelerators with d-Matrix, quantum computing with PsiQuantum, optics in data center design with Lumentum, and XPU and AI chip co-design with Broadcom.Tony breaks down the shift from a software-centric world to
Inside Bridgit Mendler’s New 185,000 sqft Northwood Space Factory
Bridgit Mendler, Co-founder & CEO of Northwood Space, gives Sourcery a first look inside the company’s new 185,000 sqft headquarters and factory in Torrance, California.Northwood has raised over $136M since 2022, including a $100M Series B in January 2026 led by Washington Harbour Partners and co-led by Andreessen Horowitz, with Founders Fund, 137 Ventures, Alpine Space Ventures, Balerion and
Inside Rocket Lab: How Sir Peter Beck Is Building Neutron’s Engines | Tour 02
Tour 02: We’re back inside Rocket Lab with Founder & CEO Sir Peter Beck, this time for a behind-the-scenes tour of the company’s Engine Development Center and the technology powering Electron and its next-generation Neutron rocket.Peter walks us through Rocket Lab’s additive manufacturing operation, where the vast majority of its engines by mass are 3D printed, and breaks down the engineering
Rocket Lab HQ Tour with Sir Peter Beck | Factory Tour: Part I
Factory Tour 1 of 2: We went inside Rocket Lab with Founder & CEO Sir Peter Beck for a behind-the-scenes look at how one of the world’s leading space companies actually builds.In the first part of our Rocket Lab factory tour, Peter takes us through the company’s Long Beach headquarters, mission control, satellite manufacturing, spacecraft testing, electric propulsion, and NASA’s LOxSAT program
Inside Rocket Lab w/ CEO Sir Peter Beck: Record Earnings, Neutron, Flatelittes
Sir Peter Beck founded Rocket Lab 20 years ago. Today, the company is scaling far beyond launching rockets.Rocket Lab (NASDAQ: RKLB) just posted a record Q2 2026:• $234M revenue, +62% YoY• $2.36B record backlog, +137% YoY• $437M+ in new launch contracts• $581M+ in new Space Systems contracts• 90+ launches in backlog• Q3 revenue guidance of 250M–265MWe sat down with Founder & CEO Sir Peter Beck
Ben Lamm CEO of $12B Colossal Biosciences & $3.8B Astromech
Ben Lamm is the Co-founder and CEO of Colossal Biosciences + their AI spinout, Astromech. Colossal is the $12 billion de-extinction company using genome engineering, AI and reproductive technologies to bring extinct species back to life, while Astromech is its AI biology spinout, now valued at $3.8 billion.We went inside Colossal’s lab to see its Gen 2 woolly mice and sat down with Ben to discuss
Nikesh Arora, CEO Palo Alto Networks ($PANW)
Nikesh Arora is the Chairman and CEO of Palo Alto Networks, the cybersecurity giant that has grown from roughly $18 billion in market cap when he joined to around $300 billion today.We sat down at Palo Alto Networks to discuss why Nikesh believes the AI cybersecurity boom is only beginning, how companies will defend themselves against increasingly powerful AI attacks and rogue agents, and why the
How AppLovin Built a $100B Ad Machine
Adam Foroughi, Co-Founder & CEO of AppLovin, and Giovanni Ge, CTO of AppLovin, join Sourcery from AppLovin’s Palo Alto headquarters for a deep dive into the technology and strategy behind its advertising business.Gio joined AppLovin in late 2022, when the company was worth roughly $5.5 billion, and helped architect Axon 2, the recommendation engine that became central to AppLovin’s transformat
Inside Neros’ Factory Built to Make 1 Million Drones a Year
Sourcery goes inside Neros Technologies’ new 250,000-square-foot Millennium One facility with Co-Founder & CEO Soren Monroe-Anderson.Neros designed the factory with enough space to eventually produce one million drones per year. Today, the company says it is already manufacturing more than 250 drones per day, with engineering, testing, supply chain and production operating under one roof.Soren
Neros Raises $250M Series C at $2.5B to Build 1 Million Drones a Year
Soren Monroe-Anderson, Co-Founder & CEO of Neros Technologies, joins Sourcery from the company’s new 250,000-square-foot factory in Torrance following its $250 million Series C at a $2.5 billion post-money valuation.The round, led by Sequoia and American Strategic Technology Fund, comes as Neros expands from its core Archer FPV platform into multiple product lines, including Archer AI and Band
Base Power Hits $13B Valuation on $1B Series D
Justin Lopas, Co-Founder and COO of Base Power, joins Sourcery at Factory 1 in Austin for the launch of Base Core and the company's $1 billion Series D.The round values Base at $13 billion post-money and is led by Ribbit, Addition, Valor Equity Partners, and JPMorganChase's Strategic Investment Group. Existing investors Thrive Capital, a16z, Lightspeed, Trust Ventures, and CapitalG re-inve
AssemblyAI CEO Dylan Fox on 120 Million Voice Conversations a Week
Dylan Fox is the founder and CEO of AssemblyAI, the voice AI infrastructure platform behind AI notetakers, medical scribes, drive through ordering, contact centers and humanoid robots. AssemblyAI went through Y Combinator's first AI batch in 2017 and now serves over 1 million developers with roughly 100 million API calls a day.We get into the volume numbers, why weekly conversations are up ove
The Stock That Went Up 1000% | Lumentum CEO
Everyone talks about Nvidia GPUs. Few people talk about the lasers connecting them.Michael Hurlston is the CEO of Lumentum (NASDAQ: LITE), one of the world's leading suppliers of optical networking and laser technologies powering AI data centers. Before joining Lumentum in 2025, he served as CEO of Synaptics and previously led Finisar, making him one of the few executives to lead three public
Inside the Fastest-Growing Category in AI: Scott Wu, CEO of $26B Cognition
Scott Wu, CEO & Co-Founder of Cognition, joins Sourcery in Paris amid the RAISE AI Summit. Cognition is the applied AI lab behind Devin, the autonomous AI software engineer, and Devin Desktop, formerly Windsurf. The company has raised more than $2.5 billion, including a $1 billion round in May 2026 at a $26 billion valuation, while growing annualized revenue from roughly $37 million to $492 mi
BlackRock's Tony Kim on AI's Next Winners? Chips, Memory, Robotics & Quantum
Tony Kim is Managing Director and Head of the Global Technology Team within Fundamental Equities at BlackRock. Recorded at the RAISE Summit in Paris, where Tony spoke on 4 panels, next-gen accelerators with d-Matrix, quantum computing with PsiQuantum, optics in data center design with Lumentum, and XPU and AI chip co-design with Broadcom.Tony breaks down the shift from a software-centric world to
David Friedberg on the Economic Crisis Nobody Wants to Fix
David Friedberg takes America's 250th anniversary as a starting point to ask where does the country actually stand? And how do the bottom 50% get left behind?He argues the wealth gap is widely misunderstood, pointing to roughly $183 trillion in total US household net worth, compared to about $8 trillion held by billionaires and $4 trillion by the bottom half of Americans. His view is that the rich
Data is Back: MongoDB, Databricks, Snowflake
CJ Desai, CEO of MongoDB, joins Sourcery at the RAISE Summit in Paris. We cover why data is the downstream winner of the AI cycle, how hyperscaler capacity limits are pushing workloads back on-prem, the return of data sovereignty, & what a bank's real agentic architecture actually looks like."Data is the unsung hero and data is back. You cannot create an AI application without a great
Dylan Patel, SemiAnalysis, Nebius, Glean, Legora.. 12 Hot Takes From The Biggest Names in AI
Day 2 of RAISE Summit in Paris, the biggest AI summit in Europe. 12 founders, operators, and investors give us their hottest takes on the debates splitting the room right now: is token maxing genius or a waste, is open source dying or about to take over, and are we in a bubble.The disagreements were the best part. Dylan Patel (SemiAnalysis) loves token maxing and says open source is dying quickly,
AMD, Starcloud, Coatue..10 Hot Takes From The Biggest Names in AI
Day 1 of RAISE Summit in Paris, the most high-profile AI summit in Europe. We pulled 10 of the sharpest founders, operators, and investors aside for their hottest takes on the debates defining AI right now.Open source vs closed models dominated the room, alongside agents rewriting how work gets done, the death of the keyboard and mouse, the economics of inference, and physical AI moving from data
SambaNova CEO on Raising $1B at $11B: "It's a Land Grab Right Now"
Rodrigo Liang is the CEO and Co-Founder of SambaNova. The company just announced a first close on a $1B round at an $11B valuation, led by General Atlantic with T. Rowe Price and Capital Group participating.Rodrigo has spent 32 years building chips. We covered the 101 of semiconductors and data centers: what inference is, why it is a different problem than training, and why inference will require
Fmr SpaceX CIO Ken Venner on Elon, Gwynne, & SpaceX Playbook
"Elon Musk was really good about keeping the mission as a forefront focus for what we were doing, & just energized everyone to get it done."Now Chief Tech & Product Officer, Senra Systems Ken Venner spent 11 years at Broadcom, joining at 1,000 people and $400 million in revenue and leaving at 10,000 employees and $8.6 billion, across 52 acquisitions. Then he became CIO of SpaceX,
Senra Systems' $65M Series B: Fixing Aerospace & Defense's Biggest Bottleneck
Senra Systems has closed a $65 million Series B, bringing total funding to over $112 million. The round was co-led by Lowercarbon Capital and Interlagos, with participation from General Catalyst, Sequoia Capital, Andreessen Horowitz, Founders Fund, Dylan Field, CIV, 8VC, The Friedkin Group, Jaws Estates Capital, Sozo Ventures, and Alumni Ventures.Jordan Black, co-founder and CEO of Senra Systems,
Andrew Feldman on Building a Chip 58x Larger Than Nvidia's
Andrew Feldman, Co-Founder and CEO of Cerebras Systems, joins Molly O'Shea at the RAISE Summit in Paris.Recorded 2 months after Cerebras went public at a $56B valuation and popped to roughly $95B on its first day, this conversation covers the $20B+ OpenAI deal, why inference is the new battleground, the state of the AI data center build-out, and Feldman's take on the circular deals reshapi
"Dig Through Your Couches. SpaceX Needs It." Cyan Banister on Luke Nosek's Pitch
Cyan Banister put her entire IronPort exit into SpaceX when the rockets were still blowing up on the launchpad. She never sold. It became the best investment of her life. She is Co-Founder and General Partner at Long Journey Ventures, spent 4 years as a partner at Founders Fund, and with her husband Scott Banister has built one of the most successful angel portfolios in the world across 20+ years
Accel: The Quiet Firm Behind Facebook, Cursor, Nebius, Lovable, Vercel
Accel Partners Arun Mathew, Miles Clements, & Matt Weigand join Sourcery to go deep into the lore of the quiet, yet legendary, Silicon Valley firm.We go back through Accel's 40 years of history, starting with the 10% Facebook stake and the secondary they modeled at 5X, which under-shot the outcome by an order of magnitude, and how the firm now runs a global AI portfolio spanning chips, neo
Dylan Field on the “Permanent Underclass of Zero Taste”
Figma Co-Founder and CEO Dylan Field joins Sourcery behind-the-scenes at Day 0 of Config 2026, aka the “Coachella for design,” just before 10,000 attendees arrived.The headline going around is that “design is dead” and AI has turned it into a commodity. Field's argument is that the market has this backwards. Anyone can prompt a model into the average, and in a world flooded with templated software
Benchmark's AI Bets: Cerebras, Sierra, Legora, Fireworks, Starcloud, Gumloop..
Ev Randle, General Partner at Benchmark, joins Sourcery to break down how AI has rewritten the rules of venture and growth investing. Ev explains why the old inverse relationship between scale and risk has collapsed, why the golden rules of SaaS now run in reverse, and how he underwrites AI companies when the spreadsheet no longer does the work.We cover the new AI taxonomy through a P x Q x M lens
Brian Armstrong: “Capitalism Lifts Everyone Up”
Brian Armstrong, Co-Founder and CEO of Coinbase, sits down with Sourcery backstage ahead of the Coinbase System Update.We cover tokenized equities, an SEC-registered AI agent advisor, and the unified global liquidity approvals that bring Coinbase's offshore and US order books together. Brian explains why 4 billion people remain unbrokered, how the Everything Exchange works, and where pre-IPO p
Mark Pincus: How to Build Billion-Dollar Products
Mark Pincus, founder of Zynga and author of the newly released Life at the Speed of Play (HarperCollins, foreword by Reid Hoffman), joins Sourcery to break down the framework he’s used over the past three decades to build hit products. Pincus took games like FarmVille and Words With Friends to more than 1 billion users in 4 years and a $12.7B exit, and was an early investor in Facebook, Twitter, a
What a $75 Million Airplane Actually Costs to Own
We are in the middle of the largest wealth creation event in modern history. SpaceX, OpenAI, Anthropic, Cerebras, Cursor, and more are heading to public markets or trading in secondaries, minting more millionaires and billionaires than ever on over $4 trillion dollars in expected liquidity. Flying private is one of the first things people want after a liquidity event, and it pulls them straight to
Harvey Co-Founder Gabe Pereyra on the Token Pricing Reckoning Coming for AI
Gabe Pereyra is the co-founder and President of Harvey. Before Harvey, he was an AI researcher at Google Brain, DeepMind, and Meta, working on deep learning at both Brain and DeepMind in 2016 and 2017 as the field was taking off. Valued at $11B, Harvey has passed $300M ARR, 960 employees, 2,000 customers, and roughly 13 trillion tokens processed this month.Harvey has raised over $1.2B to date from
Inside Harvey AI: $11B, $300M ARR, 960 Employees, 12 Offices, 13 Trillion Tokens a Month
Winston Weinberg is the CEO and co-founder of Harvey, the $11 billion AI platform now used by 2/3 of the AmLaw 100 and 500+ in-house legal teams including HSBC, Bridgewater, Carvana, and Blue Owl."I think every single company is going to sell intelligence."In this episode, Winston walks me through Harvey's San Francisco HQ and then sits down to break down the state of the business: roughly $300M A
TBPN, Jack Altman, a16z, Now It’s Lightspeed's Media Move
Claire Zau is a pre-seed and seed investor at Lightspeed and co-host of Lightwork, Lightspeed's new weekly AI podcast with CMO Josh Machiz. She also runs Zauey Talks, where she reaches 350K+ people and 10M+ monthly impressions explaining AI and startups to an audience that mostly does not work in tech.Tech is racing to own direct distribution and auramax to save their lives. a16z acquired Erik
SpaceX IPO: Inside the Firm That Owns 1%
Justin Fishner-Wolfson is Co-Founder and Managing Partner of 137 Ventures, the firm that turned a contrarian read on private markets into a $15B platform and one of the largest SpaceX positions in venture. His firm now owns more than 1% of SpaceX, a stake worth roughly $20B at the company's $1.77T listing valuation.He was on the SpaceX deal team at Founders Fund in 2008, left to start 137, and
Brian Singerman: "If SpaceX Didn't Work, Founders Fund Wouldn't Exist"
Brian Singerman spent 17 years at Founders Fund, where he helped drive large concentrated investments into companies like SpaceX, Palantir, Airbnb, Stripe, Stemcentrx, Anduril, and Affirm. He recently left to co-found GPx, a new fund backing emerging managers. In this episode we break down the philosophy behind Founders Fund's concentration strategy, how a lifetime of competitive strategy gaming s
Inside Impulse Space's Factory with Founder Tom Mueller (Full Tour)
Tom Mueller, Founder, CEO and CTO of Impulse Space, (aka Employee #1 at SpaceX) gives Sourcery a walkthrough of the company's Redondo Beach factory, from the avionics clean room to a live rocket engine firing in the vacuum chamber.As SpaceX's founding employee, Tom led development of the engines for Falcon and Dragon and started the origins of what became Starship. His proudest project, th
Why Impulse Raised $500M to Move Things in Space | President & COO Eric Romo
Eric Romo, President & COO of Impulse Space, joins Sourcery on the company's manufacturing floor in Redondo Beach to break down the freshly closed $500M Series D co-led by 137 Ventures and BANNER VC that pushes Impulse past $1 billion raised.We get into what the capital actually unlocks (hiring and production, not flashy CapEx), why "space tug" doesn’t cut it for Mira, and how a
The Token-Maxxing Bill That Shocks Every CFO — & the Fix
Merge co-founders Shensi Ding (CEO) and Gil Feig (CTO) join Sourcery for a wide-ranging conversation on building AI infrastructure that quietly powers some of the biggest companies in tech — including OpenAI, Perplexity, Netflix, Uber, Mistral, and Dropbox.They break down Merge's three-product suite (Unified, Agent Handler, and Gateway), the make-or-break month that pushed them to rebuild arou
Inside the Alibaba Boardroom: Jack Ma, Masa Son, Joe Tsai & Jackie Reses
Jackie Reses has quietly done what almost no one in finance has pulled off — she's been a Goldman Sachs banker, a private equity partner at Apax, Yahoo's Chief Development Officer, Executive Chairman of Square Financial Services, a board member at Alibaba, Affirm, and Nubank, and now the founder and CEO of Lead Bank, the $1.5B fintech infrastructure company quietly powering Stripe, Ramp, W
Inside Marc Andreessen & Ben Horowitz's Multi-Family Office (Part II)
Michel Del Buono, Chief Investment Officer of a16z Perennial (Andreessen Horowitz's multi-family office), returns to Sourcery for a deep dive into pre-liquidity event planning. Yes. You can earn a billion dollars.With the SpaceX IPO on the horizon and massive secondary activity around Anthropic, OpenAI, Stripe, and Anduril, Michel breaks down the three pillars of wealth optimization: trust &am
Commure Hits $7B Backed by GC, Sequoia, Morgan Stanley
Tanay Tandon, Co-Founder and CEO of Commure, joins Sourcery to break down the company's new $70M round at a $7B post-money valuation, led by General Catalyst with participation from Sequoia Capital, Morgan Stanley, and Kirkland & Ellis. With $750M raised to date, Commure now runs inside 500+ healthcare organizations, 3,000+ sites of care, and processes tens of billions of dollars in annual cla
Exclusive Interview: Coatue CIO on AI's Biggest Winners
Coatue's Chief Investment Officer of Public Investments, Jaimin Rangwalla, joins Molly O’Shea of Sourcery to unpack the most extraordinary technology cycle of his 20-year career. Jaimin walks through Coatue's spring investor update — why OpenAI, Anthropic, and SpaceX are breaking into the world's top 25 companies before going public, how Anthropic was adding $2.5 billion in ARR every s
How AWS Sold Cloud to the CIA – Teresa Carlson GCI
Teresa Carlson, Founding CEO of the General Catalyst Institute, joins Molly on Sourcery to share the inside story of how she built AWS's public sector business from zero revenue and two people into a $10B global powerhouse — including the legendary CIA contract that legitimized cloud computing for the entire world.In this conversation, Teresa pulls back the curtain on what it was really like w
Uber CEO Dara Khosrowshahi
Uber CEO Dara Khosrowshahi joins Sourcery for a walkthrough of Uber’s newest product launches and the future of transportation, AI, delivery, travel, and autonomous vehicles.At Uber’s Go-Get showcase in New York City, Dara breaks down how Uber is evolving from a rideshare company into a global “go anywhere, get anything” platform. We discuss Uber’s new Expedia hotel partnership, AI-powered shoppin
Figure’s Humanoid Factory Tour – CEO Brett Adcock
For the first time ever, Figure is opening every door. Sourcery gets the first full tour of Figure's robotics campus with Founder & CEO Brett Adcock — and we see everything. Figure is the first-of-its-kind AI robotics company bringing a general purpose humanoid to life, designing, building, and testing every robot in-house.In this exclusive walkthrough, Brett takes us through all the depar
Brett Adcock, CEO of Figure
Brett Adcock is the Founder & CEO of Figure, the $39 billion company tackling one of the most ambitious challenges in technology — building a general-purpose humanoid robot that can do the work of a human, both on the factory floor and inside the home.About 50% of global GDP is human labor. In this episode of Sourcery, we go inside Figure's headquarters for a full tour and sit-down intervi
The Anduril Thesis
Kyle Harrison (GP at Contrary, co-author of The Anduril Thesis) joins Molly O'Shea on Sourcery to unpack the 300-page book he just spent two years writing on the most counter-positioned company in defense.We go deep on a 100 years of military history — how Robert McNamara strangled America's industrial golden goose in the 1960s, why cost-plus contracting incentivizes the worst possible out
Skydio HQ Tour: Skydio Commits $3.5 Billion to Expand U.S. Manufacturing
Adam Bry is the co-founder and CEO of Skydio, the largest US drone manufacturer and, as of today, the company behind a $3.5 billion commitment to expand American manufacturing over the next five years. We spent the day at Skydio's San Mateo headquarters for a full tour of their facilities.On the tour:The rooftop dock array (drones as cloud infrastructure)DFR Command, flown liveThe "wind wall" stre
Skydio Raises $110M Series F at $4.4B Valuation | CEO Adam Bry
Skydio announces $110M Series F at a $4.4B post-money valuation. CEO Adam Bry joins Sourcery to share Skydio’s funding process, commercial progress, & manufacturing edge at Skydio's Hayward factory. Skydio is the largest drone factory in the US at scale production."The most significant fact in our Series F is how little we are raising. Despite investor demand to put substantially more
General Catalyst's First-Ever Quarterly Review | CEO Hemant Taneja
Hemant Taneja, CEO of General Catalyst, joins Sourcery to unpack GC's first-ever quarterly Review.We cover why he wrote it, the state of GC's $43B ecosystem, why the software buyout model is broken, Anthropic's Series G at $380B, the $5B India commitment, buying Summa Health in Akron, the Anthropic–DoW controversy, Mythos and Project Glasswing, Nikesh Arora joining the board, and his t
Financial Advisors Are Cooked – Public Co-CEO on the Great Wealth Transfer
Leif Abraham, Co-CEO of Public, joins Molly at the New York Stock Exchange for one of the more fun financial discussions on how Public is building the next-generation investing platform “for those who take it seriously." Public represents the first modern alternative to Schwab, Fidelity, and Vanguard — platforms built on decades-old infrastructure that haven't kept pace with today's investors or t
Inside the Factory Using Rocks & Sunlight to Fix AI's Power Problem | Exowatt
Most announced data centers will never get built. The ones that do are running on gas generators. And the US grid has no answer for what's coming.Hannan Happi, CEO & Co-Founder of Exowatt, joins Sourcery for a rare facility tour of their 40,000 sq ft Miami HQ — walking us through the tech, the team, and why the AI power crisis is far worse than the headlines suggest.Exowatt has raised $140
Max Levchin: The Interview
Max Levchin, Co-Founder of PayPal and CEO of Affirm, joins Sourcery for a wide-ranging conversation on building companies, surviving failure, and navigating one of the most important economic shifts in decades.We start inside Affirm HQ (with a masterclass in espresso) before getting into the story behind onboarding 800,000 Shopify merchants in a week, the lessons from PayPal that still apply today
Max Levchin: “The Net IQ of the World Is About to Go Up 50 Points”
Max Levchin, Co-Founder of PayPal and CEO of Affirm, joins Sourcery for a wide-ranging conversation on building companies, surviving failure, and navigating one of the most important economic shifts in decades.We start inside Affirm HQ (with a masterclass in espresso) before getting into the story behind onboarding 800,000 Shopify merchants in a week, the lessons from PayPal that still apply today
Inside the AI Garage Powering the Real World
We got rare access inside Applied Intuition’s commercial garage with Co-Founders CEO Qasar Younis and CTO Peter Ludwig, where they’re building AI systems that power cars, trucks, mining equipment, defense systems, and more.In a never-before-seen tour to the public, Applied Intuition showcases where/how real machines across industries are being rebuilt with AI.Valued at $15B, Applied Intuition is o
Applied Intuition: The $15B Physical AI Company (You Should Know)
Qasar Younis (CEO) & Peter Ludwig (CTO) of Applied Intuition join Sourcery to break down how they’ve quietly built one of the most important AI companies in the world reaching a $15 billion valuation.Founded in 2017, Applied Intuition is building the infrastructure layer for vehicle intelligence and physical AI, powering systems across automotive, defense, trucking, construction, mining, and a
How VCX Put Anthropic & OpenAI Into Public Markets
Fundrise CEO Ben Miller joins Sourcery to break down the launch of the Fundrise Growth Tech Fund (NYSE: $VCX) — one of the first publicly traded venture capital funds.VCX debuted at roughly $700M valuation and surged to ~$6.5B within days, giving over 100,000 investors access to a portfolio of top private companies including Anthropic (~20%), Databricks (~17%), OpenAI (~10%), Anduril, Ramp, and Sp
Inside Marc Andreessen & Ben Horowitz’s Multi-Family Office
Michel Del Buono, CIO of Andreessen Horowitz’s multi-family office Perennial, breaks down how Silicon Valley’s top founders and investors manage wealth after massive liquidity events.Perennial was built after Marc Andreessen and Ben Horowitz saw a major gap: traditional wealth managers weren’t delivering institutional-quality investment advice, while institutional asset managers weren’t built for
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