In this conversation from Lenny’s Podcast, Ben Horowitz joins Lenny to discuss the psychological muscle every founder needs, why hesitation can be fatal for CEOs, when it’s time to replace a founder, and how to normalize failure while building confidence. They also explore the Databricks founding story, investing in Adam Neumann after WeWork, whether AI is in a bubble, where the real opportunities lie, and Ben’s work with the Paid in Full Foundation supporting hip-hop pioneers. The result is a candid look at leadership, product management, and what it takes to build enduring companies. Timecodes: 00:00 Introduction 00:22 The Psychology of Leadership & Decision-Making02:41 Leadership lessons from Shaka Senghor07.56 Struggle, Pain, and Growth as a CEO 10:15 Running toward fear and why hesitation kills companies19:35 Who shouldn’t start a company22:36 The Databricks story: thinking bigger24:54 Managerial leverage and CEO psychology28:06 When founders should be replaced as CEOs31:20 Normalizing failure for CEOs37:57 Counterintuitive lessons about building companies42:31 “Good Product Manager/Bad Product Manager”48:21 Product managers as leaders51:16 Why a16z invested in Adam Neumann after WeWork56:23 Is AI in a bubble?01:02:43 The biggest opportunities in AI01:12:51 Why U.S. leadership in AI matters01:18:53 The Paid in Full Foundation for hip-hop pioneers01:23:18 Lightning round: book recommendations, products, and life mottos Resources: Find Ben on X: <a href="https://x.com/bhorowitz">https://x.com/bhorowitz</a>Find Ben on LinkedIn: <a href="https://www.linkedin.com/in/behorowitz/">https://www.linkedin.com/in/behorowitz/</a>Watch more of Lenny’s Podcast: <a href="https://www.youtube.com/@LennysPodcast">https://www.youtube.com/@LennysPodcast</a>Check out Lenny’s newsletter here: <a href="https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbll4NlpvUm1tR1hRNzRxeHFONE1FWFR4WnJaUXxBQ3Jtc0tuYk10WFVaa0tqQlQwd2dqX2ZXbHV4VXlEbURLcDZ6NTZKbkVpd21NOTZDX3RsV0l2c3dRTVBUYXkwdG9DVW1XY3h6b1BtOUhRYWFuNThGcUV6cGtKRjhzeWtETC1nU054RWZfN0JUclFPaENrdU0zMA&q=https%3A%2F%2Fwww.lennysnewsletter.com%2F&v=0_opWSfmN8M">https://www.lennysnewsletter.com</a> Stay Updated: Find a16z on X: https://x.com/a16z Find a16z on LinkedIn: https://www.linkedin.com/company/a16z Listen to the a16z Podcast on Spotify: https://open.spotify.com/show/5bC65RDvs3oxnLyqqvkUYX?si=3E8B3qT9TyiwAHJ7JnaKbgListen to the a16z Podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/a16z-podcast/id842818711Follow our host: https://twitter.com/eriktorenbergPlease note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

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Ben Horowitz: Why Hesitation is a CEO’s Worst Enemy

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