It seemed that a bunch of people thought a transcript would be useful, and considering I was going to watch the video anyway, I decided to jot down some notes for anyone interested. It's not a transcript by any means, but I think you'll get the gist of the questions and answers.

The video is an hour, and I figured the notes were too long for posting here, so I threw them up on a private link on my Tumblr account: http://bit.ly/18I4Td

For me the most insightful idea was toward the end when Michael Moritz said that it's easier for small b2b companies to get a foothold during a recession, because during better times the big companies won't even listen to them. The idea being that during a recession big companies become desperate to get better results for less money. I hadn't thought about that, but it definitely seems true, at least in my case.

Sigh. I'm interested but can't possibly divert over an hour of screentime for it.

An MP3 or ipod-video download would be appreciated.

the video is on blip.tv, you can download it there.

http://building43.blip.tv/file/2413059/, see the "files and links" box on the bottom-right of the page.

Thank you!

Agreed ... I like to take downloads and play them on my tv. That'd be nice.

Paul and Michael are always worth hearing from; Guy, not so much.

Guy is merely asking the questions.

The person asking the questions helps drive the direction of the conversation. With these two guys, you would hope the they are asked good questions in order to help discover key points that otherwise would not be found.

(Not saying that Guy did a bad job...still watching it.)

I think he's a good moderator.

So: for those of us familiar with pg's teachings (the shoe, thankyou, not the gourd), is there much that's worth watching the video for, or is it a rehash?

The Sequoia investor completely dominates the video, so take a look if you are interested in that perspective.

not much.

Preparing a video of my comment.

A transcript would be great.

probably you could use Amazon Mechanical Turk

I won't. But since they provided the interview, it'd be nice if they provided a transcript as well. A transcript which takes 2 min to read instead of watching an hour long video.

Efficiency. Look it up. Or have Mechanical Turk look it up for you.

Great video, good insights from some of the veterans of the startup and venture world. For someone oceans away its great to still get the information and the advice that goes around in silicon valley.

About the video, i sometimes got the feeling that Micheal was cutting Paul of at times, at times it was annoying when paul was about to say something related to earlier stage startups and micheal would just cut it off.

When this happens its sometimes interesting to see the facial expressions of the person getting cut off but the quality of the video wasnt good enough to make out anything noticable =P that or paul did a good job of hiding it :)

Best nugget from the video for me was Paul's opinion on the iPhone being the next big platform because hackers are building apps for the iPhone (vs. the Blackberry or Palm pre, which are almost non-existent among hackers).

I thought it was an interesting point also...and then I thought about it more. Michael talked about how a lot the companies they are investing in aren't based in the United States. Are iPhones as popular among hackers in other countries?

Why do they not allow fast forwarding? I want to get back to the 20 minutes mark but I cannot. Not worth watching that 20 minutes over again.

If you go to the building43.com page the video is on the top and it allows you to fast forward.

http://www.building43.com/

I think this is the Sequoia presentation they were talking about: http://www.docstoc.com/docs/1822343/Sequoia-Venture-Capital-...

edit: found the post also http://hackerne.ws/item?id=328685

Here is the audio version as an Mp3: http://blip.tv/file/get/Building43-FiresideChat738.mp3