Angela Strange

On October seventh, the a16z show released how Valon rebuilt a thirteen trillion dollar industry from scratch.

Angela Strange interviews Valon's Andrew Wang and Linda Du about rebuilding infrastructure underneath the thirteen trillion dollar mortgage market, which still relies heavily on pre-internet systems.

Valon chose the hard path, becoming a regulated mortgage servicer, uh, translating decades of federal and state regulation into software and proving the platform on its own loans before selling it to the industry.

This is maybe the cleanest example of today's thesis.

Valon decided to rebuild it from scratch.

In this episode, a16z general partner Angela Strange sits down with Valon's Linda Du and Andrew Wang to unpack what it took to replace decades of legacy infrastructure in one of the most regulated parts of financial services.

They discussed why Valon became a mortgage servicer before becoming a software company, how the team turned decades of regulation into code, and why operating the technology themselves was critical to proving it could work at scale.

And now, AI is changing what can be built on top.

What people are definitely understanding is that this is an opening salvo.

A16Z's Angela Strange writes, This is just the beginning of the agent and data wars.

Amazon cuts off Muse.

Every platform who has done the hard work of aggregating users is trying to figure out how not to become dumb pipes.