All-In with Chamath, Jason, Sacks & Friedberg

Snapshot · All-In with Chamath, Jason, Sacks & Friedberg

Bill Maris: How Google Could Crush AI Competitors, Why Small Funds Win, and AI's Atari Stage

Explore episode Jun 9, 2026

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Why small VC funds beat big ones on average

At 11:20 · chapter starts 9:51

In 2007, Google handed Maris a challenge: build a coherent venture fund from scratch. He partnered with Rich Miner, co-founder of Android, trekked up and down Sand Hill Road, and devised a plan to collect every piece of historical venture data they could find. Then they applied machine learning — Google wouldn't allow the word 'AI,' insisting it was '100 years away' and would 'freak people out' — to design the ideal portfolio construction through millions of simulations. Executives thought the plan was crazy. But between 2009 and 2018, Google Ventures is estimated to have returned approximately 4.1x, with the investments Maris personally led performing even better. His third lesson distils into one rule: don't bet against computer science applied to the right problem at the right time.

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