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In this special 100th episode, Chris Dixon sits down with Palmer Luckey — founder of Anduril, founder of Oculus VR, and designer of the Oculus Rift — for a wide-ranging conversation on the future of technology, geopolitics, and building. Recorded live at our Founders Summit, the discussion explores what it really takes to build hardware at scale, where today’s biggest technological bottlenecks lie, and why optimism about the future is still warranted despite geopolitical turmoil, regulatory constraints, and other barriers to innovation. Dixon and Luckey cover crypto, banking, and stablecoins, as well as modern warfare, defense technology, the U.S.–China technology race, AI and manufacturing, and the next frontiers of innovation — from fusion to quantum computing. The conversation also dives into company building in both good times and bad, including lessons from Oculus, the founding of Anduril, and how to build mission-driven teams that can operate at scale. Highlights 0:00 — Introduction 2:08 — Early Oculus: why VR was hard 8:02 — Bitcoin and early crypto days 9:49 — The Facebook acquisition 13:36 — How successful was VR, really? 18:59 — Starting Anduril 20:01 — Hiring for mission (“Don’t Work at Anduril”) 23:59 — How Anduril works (product development & org design) 27:47 — How Palmer stays ahead of the curve 33:00 — The U.S.–China technology race 34:40 — What Putin understood early about AI 39:45 — Stablecoins and banking risk 45:00 — Politics as a bottleneck 47:00 — The future of technology: AI, fusion, quantum 50:23 — Automation, abundance, and optimism 53:23 — Ukraine, drones, and the reality of war Follow a16z crypto for more: X: https://x.com/a16zcrypto LinkedIn: / posts YouTube: / @a16zcrypto 📩 Subscribe for industry reports, trend analysis, builder guides, and more: https://a16zcrypto.substack.com/subsc... *** As always, none of the following should be taken as investment, business, legal, or tax advice. Please see a16z.com/disclosures for more important information, including a link to a list of our investments.