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▶ 38:13 · AI Coding Agents · AI coding assistants are the most transformative AI application today
episode briefing
Kleiner Perkins

The AI Era of Cybercrime: How Malwarebytes Is Evolving Its Security Stack | Marcin Kleczynski

2026-02-23 · 4 company · 4 thematic
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marcin kleczynski

Started Malwarebytes at age 14, grew it to ~800 people, 3M+ consumer subscribers, and a separate B2B brand (ThreatDown); took three rounds of all-secondary funding from VC, crossover, and private equity over 18 years.

episode shorts · 3

The 14-Year-Old Founder Story

Where Do Teams Do Their Best Work?

Different Customers Require Different Strategies

now playing · AI Coding Agents
Cybersecuritytailwindscore 8/10marcin kleczynski
AI enables autonomous, hyper-personalized cyber attacks at scale
LLMs allow criminals to scrape every tidbit of personal data and generate perfectly crafted phishing emails from trusted contacts, driving autonomous attacks that trick victims into wiring…
AI Bubble / Capex Debateheadwindscore 8/10marcin kleczynski
AI startup growth rates artificially inflated by insatiable GPU demand, shakeout coming
Many AI-native companies are raising at valuations assuming current hyper-growth persists, but demand is being pulled forward by infrastructure build-out; when the spigot turns, fringe play…
AI Coding Agentstailwindscore 9/10marcin kleczynski
AI coding assistants are the most transformative AI application today
Both founder and host agree that even if all other AI progress stopped, code-generation models alone would change the world; Malwarebytes' head of engineering pushed for licenses a year ago…
Venture Capitalmixedscore 7/10marcin kleczynski
Early AI fundraising mirrors SPAC cycle; later entrants will struggle to raise
Investors were hyped in early AI deals just like early SPACs; companies now doing the same thing as early winners will find it hard to raise. Over-capitalization before product-market fit d…