YouSaid · the spoken record

David Sacks

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107
first
2026-07-16
most recent
2026-07-16
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1
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podcast

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  1. “Handed regulations on both the software and hardware side. And we can drill into that. I think that with the Trump administration, the approach has been that we want the United States to win the AI race. It's a global competition. Sometimes we mention the fact that China is probably our main competitor in this area. They're the only other country that has the technological capability, the talent, the know-how, the expertise to beat us in this area, and we want to make sure the United States wins. And of course, in the US, it's not really the government that's responsible for innovation. It's the private sector. So that means that our companies have to win. And if you're imposing all sorts of crazy burns and regulation on them, then that's going to hurt, not help. So the president gave, I think, very important AI policy speech a couple months ago on July 23rd, where he declared, and no uncertain terms that we had to win the AI race. And he laid out several pillars on how we do that.”

    2026-07-16 · a16z Podcast · Replay 2025: David Sacks on AI, Crypto, and America's Technology Future · IDENTIFIED FROM THE TRANSCRIPT · source

  2. “He's talked about how surprised he was at what a big ovation he got at that. So he said it again, and the crowd erupted again. But in any event, he promised basically to provide this clarity so that the industry would understand what the rules are, be able to comply in turn that should provide greater protection for consumers and businesses everyone who's part of the ecosystem. And it makes America more competitive. So I think that's the mandate on crypto is in a way it's pro-regulation. It's basically we want to put in place regulations. In a way, AI is kind of the opposite, where I think the Biden administration was too heavy-handed. They were starting to really regulate this area without even understanding what it was. No one had really taken the time to understand how AI was even being used, what the real dangers were. There was this intense fear-mongering. And as a result of that, the approach of the Biden administration was they were in the process of implementing very heavy.”

    2026-07-16 · a16z Podcast · Replay 2025: David Sacks on AI, Crypto, and America's Technology Future · IDENTIFIED FROM THE TRANSCRIPT · source

  3. “You had an SEC chairman who took an approach, which I guess has been called regulation through enforcement, which basically means you just get prosecuted. They don't tell you what the rules are. You just basically get indicted. And then everyone else is supposed to divine what the rules are as you get prosecuted and fined and imprisoned. So that was the approach for several years. And as a result of that, basically the whole crypto industry was in the process of moving offshore. And America, I think, was being deprived of this industry of the future. And so President Trump during his campaign in last year, he gave a now famous speech in Nashville in which he declared that he would make the United States a crypto capital the planet and that he would fire Gensler. That was like the big applause line. I think he.”

    2026-07-16 · a16z Podcast · Replay 2025: David Sacks on AI, Crypto, and America's Technology Future · IDENTIFIED FROM THE TRANSCRIPT · source

  4. “Well, there are two technologies that I guess are relatively new. And so there's a lot of fear of them. And I think people don't really know that much about them. They don't really know what to make of them. I think that from a policy standpoint, and we can talk about the similarities and differences, the approaches are a little different. I think with crypto, the main thing that's needed is regulatory certainty. All the entrepreneurs I've talked to over the years, they all say the same thing, which is just tell us what the rules are. We're happy to comply, but Washington won't tell us what they are. And in fact, in the bid years,”

    2026-07-16 · a16z Podcast · Replay 2025: David Sacks on AI, Crypto, and America's Technology Future · IDENTIFIED FROM THE TRANSCRIPT · source

  5. “Ron Reagan had a line about this, which if it moves, tax it, if it keeps moving, regulated, if it stops moving, subsidize it. The Europeans are definitely at the subsidized stage”

    2026-07-16 · a16z Podcast · Replay 2025: David Sacks on AI, Crypto, and America's Technology Future · IDENTIFIED FROM THE TRANSCRIPT · source

  6. “Almost like a game show or something. They do everything they can to strangle them in their crib. And then if they make it through a decade of abuse of small companies, then they're going to give the money to grow.”

    2026-07-16 · a16z Podcast · Replay 2025: David Sacks on AI, Crypto, and America's Technology Future · IDENTIFIED FROM THE TRANSCRIPT · source

  7. “The Europeans, I mean, they have a really different mindset for all this stuff. When they talk about AI leadership, what they mean is that they're taking the lead in defining the regulations. They get together in Brussels and figure out what all the rules should be. And that's what they call leadership.”

    2026-07-16 · a16z Podcast · Replay 2025: David Sacks on AI, Crypto, and America's Technology Future · IDENTIFIED FROM THE TRANSCRIPT · source