Matt Mullenweg – The Past, Present, and Future of the Internet – [Founder’s Field Guide, EP.20]

My guest today is Matt Mullenweg, co-founder and CEO of Automattic, the company on top of the open-source project WordPress that Matt helped start. Today, WordPress powers 40% of all the websites in the world. Our wide-ranging conversation covers the state of the internet when Matt first started WordPress, the symbiotic relationship between open source and proprietary projects, and how the most successful companies are really master world builders. I hope you enjoy this great conversation with Matt Mullenweg. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by Tegus. Tegus has built the most extensive primary information platform available for investors. With Tegus, you can learn everything you’d want to know about a company in an on-demand digital platform. Investors share their expert calls, allowing others to instantly access more than 10,000 calls on Affirm, Teladoc, Roblox, or almost any company of interest. All you have to do is log in. Visit tegus.co/patrick to learn more. ----- This episode is brought to you by Vanta. Vanta has built software that makes it easier to both get and maintain your SOC 2 report, at a fraction of the normal cost. Founder’s Field Guide listeners can redeem a $1k off coupon at vanta.com/patrick. ----- Founder's Field Guide is a property of Colossus Inc. For more episodes of Founder's Field Guide, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:03:15] – [First question] – What the internet felt like when he first started building Wordpress [00:05:11] – What was wrong with his impression of the internet then [00:06:50] – Being a connoisseur of things overlooked [00:08:34] – How permission less publishing and open source software shaped the internet [00:12:30] – Balance between centralization and decentralization and where we are in the cycle [00:14:08] – The cycle between direct-to-consumer and having intermediary [00:16:32] – New opportunities and challenges of the internet today [00:18:49] – Potential of cryptocurrency to enable big changes on the internet [00:21:22] – The idea of distributed work via the internet and the utopia of it [00:21:38] - Sam Harris podcast with Matt Mullenweg [00:24:31] – Advantage of having a team distributed across geographies and timezones [00:26:46] – What he learned from the Amazon’s API mandate [00:29:12] – Landmines of distributed work [00:31:13] – Interesting lessons learned building Wordpress [00:34:55] – Company building as world building [00:35:52] – Lessons from Microsoft on platform building [00:38:53] – Key ingredient to world building within your company [00:41:09] – Lessons from Wix and Shopify [00:42:23] – How to decide what to do next in resource and capital allocation [00:47:00] – How to engage with other stakeholders in a platform business [00:50:06] – The continued connectivity created by the internet [00:53:14] – Kindest thing anyone has done for him