Anish Acharya is a General Partner at Andreessen Horowitz (a16z), where he has focused on consumer investing. Anish is one of the most insightful, thought-provoking, and in-the-weeds product investors I’ve met, and this conversation will get your mind buzzing. Before joining a16z, Anish was a serial founder and operator: he founded SocialDeck, which he sold to Google, then led multiple efforts inside Google before founding Snowball, which he sold to Credit Karma. At Credit Karma he rose to VP of Product and then GM of the consumer product and the broader credit card business.

*In our in-depth conversation, we discuss:* 1. Why you don’t have to worry about becoming part of the “permanent underclass” 2. Why company building will now involve creating a series of loops 3. What’s happening in consumer right now 4. Why the biggest opportunity in consumer is “/loop, make me happier” 5. Why moats are discovered, not designed 6. The rising importance of distribution as a moat 7. Being a model sommelier