Amazon just announced this week that its founder and CEO Jeff Bezos “will transition to the role of Executive Chair in the third quarter of 2021 and [CEO of Amazon Web Services] Andy Jassy will become Chief Executive Officer at that time.” So in this episode of 16 Minutes — our show where we talk about tech trends in the headlines, what’s hype/ what’s real, and where we are on the long arc of innovation — we talk not just about this news, but what it signals regarding cloud computing as well as CEO transitions in general.
How does/ doesn’t it fit into other patterns of tech succession — like recent moves at Netflix (where Chief Content Officer Ted Sarandos was named co-CEO alongside Reed Hastings); Microsoft (Satya Nadella); Intel (Pat Geisinger); Cisco and more? Is Amazon — with its ability to straddle both enterprise and consumer so strongly — an outlier, and perhaps more of a conglomerate? And are there certain inflection points or phases for when companies of all sizes should think about succession planning/such leadership transitions? Sonal Chokshi and Zoran Basich chat with a16z General Partner Martin Casado — who was previously cofounder and CTO at Nicira (which was acquired by VMware, where he became GM of the Networking and Security Business Unit) — so Casado knows a thing or two about such transitions … not to mention his own past debates and discussions of whether or not to bring on an external CEO.
The views expressed here are those of the individual AH Capital Management, L.L.C. (“a16z”) personnel quoted and are not the views of a16z or its affiliates. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by a16z. While taken from sources believed to be reliable, a16z has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. In addition, this content may include third-party advertisements; a16z has not reviewed such advertisements and does not endorse any advertising content contained therein.
This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by a16z. (An offering to invest in an a16z fund will be made only by the private placement memorandum, subscription agreement, and other relevant documentation of any such fund and should be read in their entirety.) Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by a16z, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. A list of investments made by funds managed by Andreessen Horowitz (excluding investments for which the issuer has not provided permission for a16z to disclose publicly as well as unannounced investments in publicly traded digital assets) is available at https://a16z.com/investments/.
Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see https://a16z.com/disclosures for additional important information.