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Andreessen Horowitz

also referred to as: a-six, z · a-six-z · a16z

includes a16z Crypto, a16z Growth, a16z Growth Team, a16z Podcast Network

186 statements across 88 episodes · 76 bullish · 31 bearish · 71 people on the record · first statement Jun 22, 2015 by Rob Moffat · said 926 times in 296 episodes since 2015 · across every show →

Mentions by year, the whole family

brought up most by Harry Stebbings (476), Jason Lemkin (80), Rory O'Driscoll (23), Chris Dixon (13), Todd McKinnon (10), Sam Corcos (10), Kyle Harrison (9), Alex Bouaziz (9)

tap a year for its mentions
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02550201520162017201820192020202120222023202420252026episodes it came up in
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2026 192 mentions in 43 episodes 4 per episode
2025 192 mentions in 46 episodes 4 per episode
2024 84 mentions in 30 episodes 3 per episode
2023 63 mentions in 22 episodes 3 per episode
2022 86 mentions in 26 episodes 3 per episode
2021 52 mentions in 18 episodes 3 per episode
2020 51 mentions in 28 episodes 2 per episode
2019 82 mentions in 23 episodes 4 per episode
2018 21 mentions in 8 episodes 3 per episode
2017 44 mentions in 17 episodes 3 per episode
2016 42 mentions in 21 episodes 2 per episode
2015 17 mentions in 14 episodes 1 per episode

every mention, scene by scene, with the transcript →

Everything said about Andreessen Horowitz, oldest first

Jun 22, 2015 neutral
Insight
Moffat: VC firms must commit to a distinct organizational model
“And I think all three of those models are valid. And I think every VC has to look at those and work out what makes sense for them, but they do need to make a clear decision on what their approach is going to be.”
Rob Moffat Jun 22, 2015 ▶ 14:17 20 VC 047: 4 Ways Investors Find Great Startups with Rob Moffat, Principal @ Balderton Capital
Jul 27, 2015 positive
Opinion
Benedict Evans' newsletter is top tier for mobile tech
“Then one more, and I really love this one because I think it's one of the few ones that really focus on mobile and is really good is Benedict Evans' newsletter of Andreessen Horowitz which I follow as well.”
Nico Wittenborn Jul 27, 2015 ▶ 22:30 20 VC 057: The Investor Checklist with Nicolas Wittenborn, VC @ Point Nine Capital
Sep 16, 2015
Disclosure
FJ Labs frequently co-invests with IVP, General Catalyst, and a16z
“But the main VCs that we work with are investor venture partners General Catalyst Andreessen Horowitz we work with Redpoint and We work with the end capital in Europe, and those would be the ones we spend, that we share the most deals with”
Fabrice Grinda Sep 16, 2015 ▶ 11:02 20 VC 072: Super Angel, Fabrice Grinda: The Future of Startup Investing
Nov 16, 2015 positive
Opinion
Pitching Incremental Startup Ideas to a16z's Chris Dixon Is Wasted Time
“And, you know, in Chris's role, the A-sixteen zine now, he's really looking for kind of total outperformers. You know, it's almost a waste of time to show Chris anything that is incremental.”
David Frankel Nov 16, 2015 ▶ 12:35 20 VC 088: David Frankel @ Founder Collective: The Most Founder Friendly VC in Existence
Dec 9, 2015 neutral
Assertion Not checkable as stated
Teten: Only a Handful of VC Firms Build Full Platform Teams
“Besides us and Google ventures and Andreessen Horowitz, first round capital OpenView does some work on this area. A lot of other firms talk about it, but they've hired one or two people, right? They don't have a whole set of resources”
David Teten Dec 9, 2015 ▶ 13:01 20 VC 095: How VCs Find Startups and How To Add Value Once Invested with David Teten @ ff Venture Capital
Feb 10, 2016 neutral
Prediction Held up
Top VC firms will be forced to adapt to new funding models
“Sequoia, Benchmark, Andreessen Horowitz, they're not going away anytime soon. This isn't like, we're out to beat them and kill them. Not in the same way Airbnb is not going to delete hotels overnight. It's going to change how hotels work. I think that's a bett…”
Dustin Dolginow Feb 10, 2016 ▶ 18:55 20VC: The First Online Venture Fund Built On AngelList with Dustin Dolginow @ Maiden Lane
Mar 14, 2016 neutral
Assertion Supported
Mazzeo: Andreessen Horowitz modeled its VC platform team on CAA
“As you've seen firms build out and scale up, And hire a lot of people to sort of better help, largely based on the CAA model in Andreessen's case to better help service clients by surrounding them with experts in hiring and marketing and distribution and busin…”
Matt Mazzeo Mar 14, 2016 ▶ 25:21 20VC: Lowercase's Matt Mazzeo on Being Chris Sacca's Partner and The 3 KPIs to Successful Investing
Oct 14, 2016 positive
Disclosure
Uretsky: DigitalOcean favored Jerry Chen and Peter Levine during Series A
“The two investors that we loved the most was Jerry Chan from Greylock and Peter Levine from Andreessen Horowitz.”
Moisey Uretsky Oct 14, 2016 ▶ 21:10 20VC: How You Can Learn To Be A Great Business Leader & Why All Successful Business Must Be Loved or Needed with Moisey Uretsky, Founder @ Digital Ocean
May 19, 2017 positive
Disclosure
Andreessen Horowitz made the commercial drone space's first $10 million investment
“And that led to the first ten million dollar investment into the drone space with Andreessen Horowitz.”
Jonathan Downey May 19, 2017 ▶ 6:20 20VC: The Future Business Model For Drones & Why Enterprise Drones Need To Be As Boring As Possible with Jonathan Downey, Founder & CEO @ Airware
Sep 29, 2017 bullish
Opinion
Roger Dickey claims Andreessen Horowitz adds as much value as a co-founder
“And I think, you know, one of the ways we think about it is in Andreessen Owen's Some large percentage of our company, let's say, 10 to 20% of the company, we think of them like a co-founder, and they actually have added the same level of value that a co-found…”
Roger Dickey Sep 29, 2017 ▶ 11:20 20VC: If You Do Not Like VCs, You Have Not Worked With a Good One, How Andreesen Have Added The Same Level of Value As A Co-Founder, Why Market Is The First Thing To Consider When Angel Investing & Why Series A Is A Hiring Decision with Roger Dickey, Foun
Sep 29, 2017 neutral
Assertion Contradicted
Andreessen Horowitz employs 150 operating partners, according to Roger Dickey
“I think they have a 150 operating partners at the firm.”
Roger Dickey Sep 29, 2017 ▶ 10:16 20VC: If You Do Not Like VCs, You Have Not Worked With a Good One, How Andreesen Have Added The Same Level of Value As A Co-Founder, Why Market Is The First Thing To Consider When Angel Investing & Why Series A Is A Hiring Decision with Roger Dickey, Foun
Sep 29, 2017 neutral
Disclosure
Andreessen Horowitz spent 15 minutes on founder backgrounds before Gigster's pitch
“When we went to the partner meeting, the final approval meeting for our investment with Andreessen, I think they asked us to talk about ourselves for about 10 or 15 minutes before the pitch”
Roger Dickey Sep 29, 2017 ▶ 12:48 20VC: If You Do Not Like VCs, You Have Not Worked With a Good One, How Andreesen Have Added The Same Level of Value As A Co-Founder, Why Market Is The First Thing To Consider When Angel Investing & Why Series A Is A Hiring Decision with Roger Dickey, Foun
Nov 13, 2017 positive
Prediction Not checkable as stated
a16z Optimizes for Ownership Percentage Rather Than Entry Valuation
“For us, it doesn't matter if we invest at twelve million pre or fifteen million pre or eighteen million pre. Like, there's really no difference. Like, we're optimizing for ownership, and that's what we really care about.”
Alex Rampell Nov 13, 2017 ▶ 35:09 20VC: a16z's Alex Rampell on The Struggle Between Innovation vs Distribution, When How To Determine Whether An Application is Optimised Through Centralised or Decentralised Networks & Why Most ICOs Today Are Ridiculous
Dec 11, 2017 positive
Assertion Supported
Polychain grew AUM from $4M to over $200M within two years
“Having founded the firm less than two years ago with Four million under management in their initial fund. Polychain now has over two hundred million under management, with backing from the likes of Sequoia, Founders Fund, Andreessen Horowitz, and USV, just to …”
Harry Stebbings Dec 11, 2017 ▶ 0:28 20VC: Inside The World's Leading Crypto Fund, The Future Exit Environment for Crypto Assets & The Beauty Of Benevolent Dictatorship with Olaf Carlson-Wee, Founder @ Polychain Capital
Apr 16, 2018
Assertion Not checkable as stated
Andreessen Horowitz Sent NPS Surveys to Every Founder Who Pitched
“So all founders that interacted with A-Six-Z in a pitch setting, so regardless of us investing or not, would receive a short survey with one important question. Would you recommend A-Six-Z to friends and colleagues based on the interactions you had with this p…”
Zal Bilimoria Apr 16, 2018 ▶ 5:03 20VC: How a16z Uses NPS To Create Better Founder Experiences, Why Intellectual Curiosity Is The Most Important Investor Trait & Creating A Fund To Last Through The Ages with Zal Bilimoria, Founding Partner @ Refactor Capital
Apr 16, 2018 positive
Assertion Partly supported
Andreessen Horowitz's Early Investment Team Was Mostly Product Managers
“What I loved about A-Six-Z is that everyone had operating experiences of different kinds, especially on the investment team, which was mostly made up of PMs at the time.”
Zal Bilimoria Apr 16, 2018 ▶ 4:27 20VC: How a16z Uses NPS To Create Better Founder Experiences, Why Intellectual Curiosity Is The Most Important Investor Trait & Creating A Fund To Last Through The Ages with Zal Bilimoria, Founding Partner @ Refactor Capital
May 14, 2018 positive
Opinion
Wertz: Andreessen Horowitz operates internally like an agile startup
“Andreessen Horowitz is kind of a daily example of how they try out things, how they innovate, how they come up with new ideas, quickly test them. So it's amazing to see how it's really being run like a startup that is continuously trying to develop new ideas a…”
Boris Wertz May 14, 2018 ▶ 21:09 20VC: Why Crypto Is The Biggest Disruptor To Hit VC In A Decade, The State of Crypto Today & Why Investing In Decentralized Platforms Requires A New Mental Model with Boris Wertz, Founding Partner @ Version One Ventures
Jan 15, 2019 neutral
Assertion Partly supported
Destin: Andreessen Horowitz Industrialized Venture With Corporate and Recruitment Networks
“And then number two, of course, is Andreessen Horowitz. You're the badass operators who come into venture and say, nobody in venture is a true operator. So we are going to build an operating company to help build startups. And so half or more of the organizati…”
Fred Destin Jan 15, 2019 ▶ 18:26 20VC: Stride's Fred Destin on The Acceptable vs Non-Acceptable Risks When Investing, How Startup Founders Can Improve The Quality of Their Decision-Making and Must Play for Batting Average & Why Plans Do Not Matter and No Board Member Should Bash An Entre
May 3, 2019 positive
Assertion Partly supported
Okta was Andreessen Horowitz's first fund investment check in 2009
“We were the first check that they wrote out of their first fund. In the summer of 2009 was into our seed round, and then obviously they led our series A in 2010.”
Frederic Kerrest May 3, 2019 ▶ 22:52 20VC: Okta Founder Frederic Kerrest on Why You Want To Be A Monopolist In A Small Market, The Biggest Challenges in Scaling Okta To IPO and Being a16z's First Ever Fund Check
Jun 3, 2019 bullish
Prediction Held up
Coelius: Mega VC firms are taking platform bundling to a higher level
“If you look at what Andreessen is doing and you look at what the number of the other big platforms are doing, they're taking venture to a whole even higher level of bundling where they're saying, look, we're going to basically use the sort of returns that come…”
Zach Coelius Jun 3, 2019 ▶ 11:06 20VC: Why Portfolio Construction Is Inefficient, Why The Only Thing That Matters In Venture Is Pricing & The Future of Venture; Bundled or Unbundled with Zach Coelius
Jun 10, 2019
Insight
Kupor: Startup evaluations shift 80% toward team after market qualification
“So I agree with Freddie, which is, you have to at least believe the market is big, but I would kind of flip his percentages, and I would say, once you get to market being attractive, then I think most of the evaluation shifts to team. So I don't know if it's 8…”
Scott Kupor Jun 10, 2019 ▶ 11:50 20VC: a16z's Scott Kupor on The Biggest Learnings From Scaling a16z from $300m to $7Bn AUM, The Biggest Mistakes Entrepreneurs Make When Pitching VCs & Why VC Is Simply A Customer Service Business
Jun 10, 2019
Insight
Kupor: Compelling pitches inspire people to make irrational career moves
“The most compelling pitches that we see are those individuals who can really create a vision and distill that vision and tell it in a way that will cause people, as I said, to do maybe even irrational things, right?”
Scott Kupor Jun 10, 2019 ▶ 15:41 20VC: a16z's Scott Kupor on The Biggest Learnings From Scaling a16z from $300m to $7Bn AUM, The Biggest Mistakes Entrepreneurs Make When Pitching VCs & Why VC Is Simply A Customer Service Business
Jun 10, 2019
Insight
Kupor: Founders focus too much on pitching products that will inevitably change
“And I think what happens a lot of times in pitches is people immediately want to kind of talk about product, which is wonderful. And of course we love product, but you know, the product we know is going to change. That's just the nature of this business.”
Scott Kupor Jun 10, 2019 ▶ 9:58 20VC: a16z's Scott Kupor on The Biggest Learnings From Scaling a16z from $300m to $7Bn AUM, The Biggest Mistakes Entrepreneurs Make When Pitching VCs & Why VC Is Simply A Customer Service Business
Jun 10, 2019
Insight
Kupor: $750M venture funds require multi-billion dollar outcomes to move the needle
“So I think you're right, which is you gotta have to do the backward math, which is, okay, if you've got, call it a, we have a seven hundred and fifty million dollar early stage fund that we just raised in the, for consumer enterprise, and so for something to k…”
Scott Kupor Jun 10, 2019 ▶ 12:51 20VC: a16z's Scott Kupor on The Biggest Learnings From Scaling a16z from $300m to $7Bn AUM, The Biggest Mistakes Entrepreneurs Make When Pitching VCs & Why VC Is Simply A Customer Service Business
Jun 10, 2019 neutral
Insight
Kupor: Venture capital firms are purely customer service businesses
“We don't build anything. We don't make any products. All we are, quite frankly, is a customer service business. And day-to-day, we've got to make sure that we deliver on that customer service.”
Scott Kupor Jun 10, 2019 ▶ 22:40 20VC: a16z's Scott Kupor on The Biggest Learnings From Scaling a16z from $300m to $7Bn AUM, The Biggest Mistakes Entrepreneurs Make When Pitching VCs & Why VC Is Simply A Customer Service Business
Oct 28, 2019
Assertion Supported
Andreessen Horowitz fines team members $10 per minute for tardiness to meetings
“We find people basically, if you're on time, but if you're late, it's 10 dollars a minute for a meeting with an entrepreneur.”
Ben Horowitz Oct 28, 2019 ▶ 13:39 20VC: a16z's Ben Horowitz on How To Create An Environment of Trust with Founders, How and Why Creating Shocking Rules Is So Impactful To Culture & What The Samurai, Shaka Senghor and Toussaint Teach Us About Company Culture Building
Oct 28, 2019 positive
Assertion Supported
Horowitz: Andreessen Horowitz faced criticism for marketing VC before competitors copied it
“It was basically known as a given that you did not market Venture capital firms. Nobody had ever marketed their venture capital firm in any kind of context, and it's definitely the decision we got the most criticism for before everybody copied it”
Ben Horowitz Oct 28, 2019 ▶ 26:32 20VC: a16z's Ben Horowitz on How To Create An Environment of Trust with Founders, How and Why Creating Shocking Rules Is So Impactful To Culture & What The Samurai, Shaka Senghor and Toussaint Teach Us About Company Culture Building
Nov 4, 2019 positive
Assertion Supported
Top Tier Capital Partners' portfolio includes Andreessen Horowitz and Index Ventures
“Included in their stellar fund portfolio is the likes of Index, Initialize, True Ventures, Andreessen, and some of my favorites in Ed and Elliot at Boldstart, just to name a”
Harry Stebbings Nov 4, 2019 ▶ 0:48 20VC: Inside The Mind of A Leading LP: How LPs Evaluate New Fund Managers on Everything from First Meeting to Portfolio Construction To Fees and Carry with Lisa Edgar, Managing Director @ Top Tier Capital Partners
Nov 25, 2019 positive
Assertion Not checkable as stated
Mino Games became one of Andreessen Horowitz's best seed investments
“We became one of Andreessen Horowitz's best seed investments.”
Josh Buckley Nov 25, 2019 ▶ 7:20 20VC: Why The Best Entrepreneurs Are Cockroaches, What Everyone Underestimates About Customer Acquisition & What You Don't But Need To Know About Payback Periods with Josh Buckley, Founder & Chairman @ Mino Games
Jan 17, 2020 positive
Assertion Not checkable as stated
Sequoia, a16z, and Founders Fund enforce strict partner investment discipline
“You look at the likes of Andreessen Horowitz or Sequoia, our founder's fund, for example. They're pretty disciplined in terms of the absolute number of investments they make per person.”
Sumit Gajri Jan 17, 2020 ▶ 47:54 20VC: Portfolio Construction, Optimising SPVs, Opportunity Investing "Between Rounds", Being Distribution-Centric Over Product-Centric and Capital Concentration Within Funds With Sumeet Gajri, Chief Strategy Officer @ Carta
Mar 6, 2020 positive
Disclosure
Top VCs add value by introducing founders to their LP executives
“Whether it's Obvious Ventures or Andreessen Horowitz, both have introduced me to hospital execs. Some of them are even their LPs, and that's been extremely helpful with helping us grow our business.”
Iman Abuzeid Mar 6, 2020 ▶ 9:55 20VC: Why Most Founders Do Not Structure Their Fundraise Correctly, The Pros Of Having An MBA As A Startup Founder & How To Manage The Psychology Of Being CEO and Overcome Self Doubt with Iman Abuzeid, Founder & CEO @ Incredible Health
Mar 27, 2020 neutral
Disclosure
Ravasio rejected VCs offering to double Andreessen Horowitz's Series B valuation
“For our most recent series B, you know, I had to cancel a lot of meetings and was hearing things like, you know, whatever you got, I'll double it. And, you know, it doesn't matter. And I just think like having the grounding to know that that's not what I'm loo…”
Alyssa Ravasio Mar 27, 2020 ▶ 6:43 20VC: How To Solve The Chicken and Egg Problem in Marketplaces? How Important Is Differentiated Supply? How To Prevent Leakage? How to Create Marketplace Defensibility and more with Alyssa Ravasio, Founder & CEO @ Hipcamp
May 22, 2020
Assertion Partly supported
TripActions Raised Over $980M From Lightspeed, a16z, and Zeev Ventures
“To date, Ariel has raised over nine hundred and eighty million dollars for TripActions from some of the best in the business, including Lightspeed, Auron's Eve, and Andreessen Horowitz, to name a few.”
Harry Stebbings May 22, 2020 ▶ 0:33 20VC: TripActions CEO Ariel Cohen on The Future of Business and Personal Travel & Layoffs; How To Do Them The Right Way & Maintain Company Culture and Morale
Aug 17, 2020 positive
Disclosure
Summit Peak tracks follow-on investments from top VC brands like Benchmark
“Look, I would be bullshitting you to say that it's not important to us. Those brand names do matter, whether that's Benchmark Capital, Andreessen Horowitz, Sequoia Capital. They are great funds, and they're great investors at various stages, and you want to se…”
Apurva Mehta Aug 17, 2020 ▶ 29:27 20VC: Why Entrepreneurs Care Less About Firm Brand at Seed, How LPs Should Think About GP Commit & How The World of LPs and Fundraising Will Change Post COVID with Apurva Mehta, Managing Partner @ Summit Peak Investments
Aug 24, 2020 neutral
Assertion Not checkable as stated
Lavingia: Andreessen Horowitz isn't worried about rolling funds competing with them
“Andreessen Horowitz is not worried about rolling funds taking away their business.”
Sahil Lavingia Aug 24, 2020 ▶ 15:02 20VC: Sahil Lavingia on Rolling Funds and Their Impact on The Future of Venture, How To Evaluate Market, Team and Product, The Value of Party Rounds & The Pros and Cons of Multi-Stage Funds Investing at Seed
Sep 8, 2020 bullish
Prediction Not checkable as stated
Strange: Every consumer and business company will embed financial services
“Similarly, we are going to see, and we are already seeing, an explosion of financial services. Which is new neobanks, new, directly new fintech companies, but then more to the point, all of these consumer companies, all of these business companies are adding f…”
Angela Strange Sep 8, 2020 ▶ 7:59 20VC: a16z's Angela Strange on Why Every Company Will Be A Fintech Company, How Founders Should Think About Niches and Optimal Insertion Points, How To Transition To Become The System of Record & Are We Entering A Period of Bundling Or Unbundling for Fint
Oct 19, 2020 negative
Insight
Cyan Banister: Multi-stage funds invest early to block rivals like a16z
“So it's a strategy, and it's a strategy to cut out the seed ecosystem and other Series A investors down the road. So there are certain firms like A-Six, Z, et cetera, that have ownership targets. And so if you want to ruin their chances of getting the ownershi…”
Cyan Banister Oct 19, 2020 ▶ 20:46 20VC: Cyan Banister on Her Relationship To Money, Risk, Her Investment Decision-Making Process, Why We Will See A Reckoning in the Early Stage Market, Her Biggest Takeaways from HQ Trivia & The Future of Silicon Valley
Dec 7, 2020 positive
Opinion
VC portfolio support quality depends on network design, not team size
“So it actually, in fact, is your operational throwaway, your strength of how you deploy the network, not necessarily the size of the operation, but you have to design it with that in mind, right? So like, for example, as I understand it, the Andreessen pattern…”
Reid Hoffman Dec 7, 2020 ▶ 40:27 20VC: Reid Hoffman on Investing in Airbnb and Passing on Stripe, The Different Styles of Truly Great Leaders, How To Think Through Ownership and Price in Venture & How To Ensure Venture Partnerships Always Have Trust and a Learning Mindset
Feb 22, 2021
Assertion Contradicted
McKinnon: Okta was Andreessen Horowitz's first VC fund investment
“Like we were their first investment actually as a fund.”
Todd McKinnon Feb 22, 2021 ▶ 32:36 20VC: Okta CEO Todd McKinnon on How To Approach Effective Decision-Making in Leadership, When Is The Right Time To Hire Recruiters and Heads of People, Balancing the Expectations of Wall St with Long Term Vision and What Truly Successful Board Management
Jul 19, 2021 neutral
Insight
George: Market leaders capture the vast majority of tech sector market cap
“And so we actually think most many or most tech markets play out in market cap in a similar way where the leader captures the vast majority of the market cap creation.”
David George Jul 19, 2021 ▶ 15:59 20VC: a16z's David George on Leading a16z's Growth Fund Today, The Biggest Misconceptions of Growth Investing, How a16z Think Through Portfolio Construction, Investment Decision-Making and Scenario Planning & How The Entrance of New Players Has Changed Th
Jul 19, 2021 bullish
Prediction Not checkable as stated
George: Celonis will deliver sustained high growth without aggressive cash burn
“I think their business model is fantastic. I would view their future as very elevated levels of high growth with high returns on capital, and, you know, there's not some looming intense competitive threat that makes them think that they should aggressively go …”
David George Jul 19, 2021 ▶ 10:36 20VC: a16z's David George on Leading a16z's Growth Fund Today, The Biggest Misconceptions of Growth Investing, How a16z Think Through Portfolio Construction, Investment Decision-Making and Scenario Planning & How The Entrance of New Players Has Changed Th
Jul 19, 2021
Disclosure
a16z Growth operates a $3.2B fund across five core sectors
“We have a 3.2 billion dollar current fund in growth, and then the first one that we had was 2.2 billion dollars, and we invest across five major sectors, so B to B, FinTech, consumer internet, bio slash healthcare, and crypto, and we invest both inside and out…”
David George Jul 19, 2021 ▶ 11:11 20VC: a16z's David George on Leading a16z's Growth Fund Today, The Biggest Misconceptions of Growth Investing, How a16z Think Through Portfolio Construction, Investment Decision-Making and Scenario Planning & How The Entrance of New Players Has Changed Th
Jul 19, 2021 positive
Assertion Supported
a16z gives sponsoring GPs final authority via single trigger-puller model
“Just like we do at the venture fund, we have a single trigger-puller model, though. We have discussions and deep, robust discussions about investment decisions, but it's ultimately the call of the GP who's sponsoring the investment.”
David George Jul 19, 2021 ▶ 21:26 20VC: a16z's David George on Leading a16z's Growth Fund Today, The Biggest Misconceptions of Growth Investing, How a16z Think Through Portfolio Construction, Investment Decision-Making and Scenario Planning & How The Entrance of New Players Has Changed Th
Jul 19, 2021 positive
Opinion
George: Shorter VC diligence cycles are more efficient and benefit the market
“It used to, I remember when I started at GA, it would be like, okay, a company's raising money and you know, let's take two months and you turn over every single piece of minutia for a company. Like that's, it's probably more efficient and better overall for t…”
David George Jul 19, 2021 ▶ 20:12 20VC: a16z's David George on Leading a16z's Growth Fund Today, The Biggest Misconceptions of Growth Investing, How a16z Think Through Portfolio Construction, Investment Decision-Making and Scenario Planning & How The Entrance of New Players Has Changed Th
Jul 19, 2021
Insight
George: Hyper-competitive, sticky markets justify sacrificing unit economics for growth
“There are instances where I'll tell founders that it would make sense to relax their criteria and maybe spend a little bit more in the name of growth. If it's a hyper competitive market and it ends up being a super sticky customer base over time,”
David George Jul 19, 2021 ▶ 10:20 20VC: a16z's David George on Leading a16z's Growth Fund Today, The Biggest Misconceptions of Growth Investing, How a16z Think Through Portfolio Construction, Investment Decision-Making and Scenario Planning & How The Entrance of New Players Has Changed Th
Jul 19, 2021
Disclosure
a16z Growth allocates reserves centrally rather than on a per-deal basis
“We don't explicitly reserve per deal, but we do keep a pool of capital in reserve for the best performing companies when we want to double or triple down.”
David George Jul 19, 2021 ▶ 13:39 20VC: a16z's David George on Leading a16z's Growth Fund Today, The Biggest Misconceptions of Growth Investing, How a16z Think Through Portfolio Construction, Investment Decision-Making and Scenario Planning & How The Entrance of New Players Has Changed Th
Jul 19, 2021
Disclosure
a16z made up to four follow-on investments in Stripe and TripActions
“We've invested multiple times in many of our companies. So Coinbase, we invested three times. Roblox, twice. Databricks, three times. Stripe, four times. TripActions, four times.”
David George Jul 19, 2021 ▶ 13:46 20VC: a16z's David George on Leading a16z's Growth Fund Today, The Biggest Misconceptions of Growth Investing, How a16z Think Through Portfolio Construction, Investment Decision-Making and Scenario Planning & How The Entrance of New Players Has Changed Th
Jul 19, 2021 bullish
Assertion Not checkable as stated
George: Loom was growing 10x year-over-year at scale when a16z invested
“So it was Loom. So the frameworks that I love is I try and invest in companies that are pull companies, not push companies. What that means is the market is pulling their product from them as opposed to they're trying to push their product out to the market. S…”
David George Jul 19, 2021 ▶ 30:01 20VC: a16z's David George on Leading a16z's Growth Fund Today, The Biggest Misconceptions of Growth Investing, How a16z Think Through Portfolio Construction, Investment Decision-Making and Scenario Planning & How The Entrance of New Players Has Changed Th
Jul 19, 2021 positive
Prediction Not checkable as stated
a16z Growth uses 5-7 year horizons to absorb entry valuation errors
“So we think in five to seven year terms and try not to worry if we're off by a year or two on the valuation, like that's a risk that I'm willing to take.”
David George Jul 19, 2021 ▶ 16:48 20VC: a16z's David George on Leading a16z's Growth Fund Today, The Biggest Misconceptions of Growth Investing, How a16z Think Through Portfolio Construction, Investment Decision-Making and Scenario Planning & How The Entrance of New Players Has Changed Th
Jul 19, 2021 positive
Assertion Not checkable as stated
George: Aggressive crossover venture funds actually generate good returns
“First, I think there's a little bit of a misperception in the market about some of those firms who have been more aggressive recently. Their returns are pretty good. They've done a good job.”
David George Jul 19, 2021 ▶ 19:20 20VC: a16z's David George on Leading a16z's Growth Fund Today, The Biggest Misconceptions of Growth Investing, How a16z Think Through Portfolio Construction, Investment Decision-Making and Scenario Planning & How The Entrance of New Players Has Changed Th
Sep 20, 2021 neutral
Assertion Supported
Hans Tung: Andreessen Horowitz limits global expansion due to operational intensity
“And you talk to fine folks at Andreessen, they're not trying to go global. They do mostly in primarily US and they will dabble here and there, but primarily focus on the US market because it's operational heavy to scale their model.”
Hans Tung Sep 20, 2021 ▶ 17:42 20VC: Investing Lessons From Rounds In Peloton and Square, Why Great Investing is Stock-Picking and Sector Penetration & The Next Decade in Venture, Is Tiger's The Right Model with Hans Tung, Managing Partner @ GGV Capital
Oct 20, 2021 neutral
Opinion
Mega VCs Should Back Operator Funds as LPs Instead of Acquiring Them
“I don't think it would be prudent of them to acquire these operator funds. They may choose to anyways, but it won't be prudent because I think what makes these funds special is the fact that they're independent, and that independence is what allows them to be …”
Ankur Nagpal Oct 20, 2021 ▶ 26:18 20VC: Breaking News: Ankur Nagpal Raises $70M for Vibe Capital, What The Next Decade For Venture Will Look Like, Do VCs Actually Add Any Value & Pre-Emptive Rounds, When To Take Them and When To Reject Them
Dec 6, 2021 negative
Assertion Not checkable as stated
Gurley: Claims of Disrupting Traditional Venture Capital Have Been Proven False
“I think this whole notion that you're going to disrupt and fundamentally take over the business has just been proven false over and over again. AngelList is awesome, but it's not 20% of the industry, you know. Andreessen said, we're going to completely, you kn…”
Bill Gurley Dec 6, 2021 ▶ 43:52 20VC: Bill Gurley and Michael Eisenberg on The First Signs of an Impending Bust, What Happens with a Market Crash, How Do Public Markets Impact Private Valuations & The Biggest Lessons from 20 Years Investing in Venture
Feb 23, 2022 neutral
Assertion Supported
Hans Tung: Andreessen Horowitz limits global expansion due to operational complexity
“They're not trying to go global. They do mostly in primarily US and they will dabble here and there, but primarily focus on the US market because it's operational heavy to scale their model.”
Hans Tung Feb 23, 2022 ▶ 13:12 The Tiger Global Memo: From Sequoia Capital to Benchmark and Thrive: The World's Best on the Rise of Tiger Global
Mar 1, 2022 positive
Opinion
Sahil Bloom calls Andreessen Horowitz the benchmark for venture media strategy
“I think Andreessen is probably the best example of a firm who has done this well. Well, you know, they created Future, which is almost like a standalone media entity, and they're trying to really, think thoughtfully about having that as a real media platform”
Sahil Bloom Mar 1, 2022 ▶ 15:07 How I Built a Twitter Audience of 500K+ in 18 Months | Sahil Bloom Full Interview · 20VC with Harry Stebbings
Mar 14, 2022 neutral
Opinion
Friedberg: Andreessen Horowitz pioneered Silicon Valley's over-capitalization strategy
“Andreessen was the first to kind of make the statement where Mark Andreessen said, when I was raising my Series B, Andreessen Horowitz actually gave me a term sheet. So did Founders Fund and Kosla, and I went with Kosla. Andreessen was like, look, we're going …”
David Friedberg Mar 14, 2022 ▶ 7:57 20VC: David Friedberg on The Framework for Business Value Creation, The Bifurcation in Venture Today That No One Talks About, The Impact of Interest Rate Hikes on Venture and Step by Step; How TPB Incubates, Funds and Exits The Next Generation of Companie
Mar 14, 2022 positive
Opinion
Friedberg: Top VC firms like Sequoia and Andreessen Horowitz are post-economic
“This bifurcation in the market that's underway, which is the folks that have made it, they've gotten to the top of Mount Everest. At this point, I would argue those funds are post-economic, and now they can operate more rationally over the long run, like Found…”
David Friedberg Mar 14, 2022 ▶ 28:44 20VC: David Friedberg on The Framework for Business Value Creation, The Bifurcation in Venture Today That No One Talks About, The Impact of Interest Rate Hikes on Venture and Step by Step; How TPB Incubates, Funds and Exits The Next Generation of Companie
Jun 8, 2022 negative
Disclosure
Ian Lee: Syndicate's a16z-Led Series A Turned Its Cap Table Into a Nightmare
“Our series A, which was led by, you know, Andreessen Horowitz, it also had like a 150 people and other funds involved in it. It was like this Monster party around that honestly, like, has made our cap table a nightmare.”
Ian Lee Jun 8, 2022 ▶ 54:13 Ian Lee: Why DAOs Will Replace Venture Capital; Biggest Threat to Web3 | 20VC #893 · 20VC with Harry Stebbings
Oct 21, 2022 neutral
Opinion
Harrison: Andreessen Horowitz most closely resembles Blackstone in venture capital
“And I think that the firm that closely, most closely resembles that in venture is Andreessen. You know, the way that they have approached things like you know, gaming and crypto and biotech and so like that, but that's sort of them saying, hey, we have this fu…”
Kyle Harrison Oct 21, 2022 ▶ 36:58 Kyle Harrison: Why 75% of Active Investors Will Disappear in the Next Few Years | 20VC #940 · 20VC with Harry Stebbings
Oct 25, 2022 bullish
Opinion
Emil Michael: Andreessen Horowitz continues to rise due to rapid innovation
“If you want to talk institutional brands in recent Horowitz is certainly on the way up despite whatever's happened in crypto. And I'll tell you why, because they're innovating. They're innovating on how they communicate their PR stuff. They're innovating on th…”
Emil Michael Oct 25, 2022 ▶ 58:42 Emil Michael: How I Negotiated the $4B Uber-China Deal, Why DoorDash Caught Up to Uber | 20VC #941 · 20VC with Harry Stebbings
Oct 25, 2022 bullish
Insight
Emil Michael: VC funds must go multi-stage to survive fewer mid-tier exits
“And to win big, you've got to try to invest across multiple stages. And that's what Sequoia can do. That's what age can do. That's what rivet can do. That's what DST can do. And I think if you can't, You're just going to get, have to get lucky because there's …”
Emil Michael Oct 25, 2022 ▶ 1:00:46 Emil Michael: How I Negotiated the $4B Uber-China Deal, Why DoorDash Caught Up to Uber | 20VC #941 · 20VC with Harry Stebbings
Nov 14, 2022 positive
Disclosure
ARK Invest Partners With Titan for Venture Fund Distribution
“Titan is our partner, our distribution partner. It is an app, Andreessen Horowitz funded app, and we are the first outside equity fund that they are putting on this platform, and they are going to help us help our retail investors get to know our companies, Wi…”
Cathie Wood Nov 14, 2022 ▶ 32:07 Cathie Wood: Elon & Twitter; Why Facebook is a Value Stock Now; ARK's Performance | 20VC #949 · 20VC with Harry Stebbings
Nov 21, 2022 negative
Disclosure
Stebbings: Hot seed rounds raised by executive founders consistently underperformed
“I looked at the seeds, and I looked at those that haven't really worked, and all of those that haven't really worked have often been head of product at Twitter, head of product at Twitch, head of product at amazing company, the hottest of hot seed rounds with …”
Harry Stebbings Nov 21, 2022 ▶ 7:07 Semil Shah: Lessons Learned Scaling from a $1M to a $50M Fund | 20VC #951 · 20VC with Harry Stebbings
Nov 30, 2022 bullish
Assertion Partly supported
Lemkin: Andreessen Horowitz Has Generated 3.5x Blended Net Returns Historically
“If you look at the overall numbers for Andreessen, I'm shocked at how wildly successful Andreessen has been across these funds as they've grown. Wildly successful. That their blended returns are like, 3.5 X net after all these years.”
Jason Lemkin Nov 30, 2022 ▶ 54:41 Jason Lemkin: Cold Email Tips; Why Only 15% of Founders Listen to their VCs | 20VC #954 · 20VC with Harry Stebbings
Dec 6, 2022 neutral
Assertion Contradicted
Casado denies doing billion-dollar Series B rounds or overpaying for deals
“I've never done any of these billion dollar bees. I've never done, you know, some strange non-competitive deal where it's an outsized price. Normally in any competitive deal that you've seen I'm almost always on the low end.”
Martin Casado Dec 6, 2022 ▶ 18:59 a16z GP Martin Casado: How I Went from Engineer to VC; Lessons from Chris Dixon | 20VC #956 · 20VC with Harry Stebbings
Dec 6, 2022 negative
Disclosure
Casado: a16z has no investments in cloud security posture management
“We don't even have a bet in cloud security posture management, right? Like the laceworks and the orcas and the whizzes, right?”
Martin Casado Dec 6, 2022 ▶ 1:02:00 a16z GP Martin Casado: How I Went from Engineer to VC; Lessons from Chris Dixon | 20VC #956 · 20VC with Harry Stebbings
Jan 16, 2023 neutral
Disclosure
Jordan: a16z advises portfolio startups to delay raising capital
“We're today counseling our businesses, try to be try not to need to go to market for as long as you sustainably can without hurting the business.”
Jeff Jordan Jan 16, 2023 ▶ 17:22 a16z GP Jeff Jordan: The Ultimate Guide to Two-Sided Marketplaces | 20VC #966 · 20VC with Harry Stebbings
Jan 16, 2023
Disclosure
a16z does not base investment decisions on current market size
“We strive as a firm not to base investment decisions on current market size, because a lot of the best businesses created new markets to create new markets.”
Jeff Jordan Jan 16, 2023 ▶ 24:04 a16z GP Jeff Jordan: The Ultimate Guide to Two-Sided Marketplaces | 20VC #966 · 20VC with Harry Stebbings
Jan 16, 2023 neutral
Assertion Supported
Jordan: Instacart lost $20-$25 per order when a16z first invested
“From recollection, they were billing something like 10 or 12 dollars per order when we invested, and they were losing 20, 25 dollars per order on each one”
Jeff Jordan Jan 16, 2023 ▶ 33:32 a16z GP Jeff Jordan: The Ultimate Guide to Two-Sided Marketplaces | 20VC #966 · 20VC with Harry Stebbings
Jan 16, 2023 positive
Disclosure
Jordan: a16z invested in Incredible Health at $60M valuation
“When you raise at 1.65 billion, I think our round was 60 post. You know, you are, you're not taking a lot of dilution.”
Jeff Jordan Jan 16, 2023 ▶ 21:18 a16z GP Jeff Jordan: The Ultimate Guide to Two-Sided Marketplaces | 20VC #966 · 20VC with Harry Stebbings
Jan 16, 2023 bearish
Disclosure
Jordan: a16z passed on fast commerce, viewing it as Kozmo.com 2.0
“We didn't make a bet in in fast Fast commerce. That's one word. Some of us internet veterans remember Cosmo and... Our concern was it's Cosmo redo, redo without anything really new on top of it. So we did not place a bet in that in that sector.”
Jeff Jordan Jan 16, 2023 ▶ 32:35 a16z GP Jeff Jordan: The Ultimate Guide to Two-Sided Marketplaces | 20VC #966 · 20VC with Harry Stebbings
Jan 24, 2023 bullish
Disclosure
Jordan: a16z Invested in Incredible Health at a $60M Post-Money Valuation
“When you raise at 1.65 billion, I think our round was 60 post. You know, you are, you're not taking a lot of dilution.”
Jeff Jordan Jan 24, 2023 ▶ 15:21 The Ultimate Guide for Building a Two-Sided Marketplace | a16z's Jeff Jordan · 20VC with Harry Stebbings
Jan 24, 2023 neutral
Disclosure
Jordan: a16z Advises Portfolio Startups to Delay Fundraising as Long as Possible
“You know, we're today counseling our businesses, try to be try not to need to go to market for as long as you sustainably can without hurting the business.”
Jeff Jordan Jan 24, 2023 ▶ 11:24 The Ultimate Guide for Building a Two-Sided Marketplace | a16z's Jeff Jordan · 20VC with Harry Stebbings
Jan 24, 2023 bearish
Disclosure
Jordan: a16z Avoids Investing in Startups Reliant on Paid Marketing
“I am reluctant to invest in companies that, that require heavy paid marketing to build their audience.”
Jeff Jordan Jan 24, 2023 ▶ 9:12 The Ultimate Guide for Building a Two-Sided Marketplace | a16z's Jeff Jordan · 20VC with Harry Stebbings
Jan 24, 2023 positive
Insight
Jordan: a16z Avoids Basing Investment Decisions on Current Market Size
“We strive as a firm not to base investment decisions on current market size, because a lot of the best businesses created new markets to create new markets.”
Jeff Jordan Jan 24, 2023 ▶ 18:07 The Ultimate Guide for Building a Two-Sided Marketplace | a16z's Jeff Jordan · 20VC with Harry Stebbings
Jan 24, 2023 bearish
Disclosure
Jordan: a16z Avoided Fast Commerce, Viewing It as a Kozmo Redo
“We didn't make a bet in in fast commerce. That's one word that some of us internet veterans remember Cosmo and, you know, our concern was it's Cosmo redo redo without anything really new. On top of it. So we did not place a bet in that in that sector.”
Jeff Jordan Jan 24, 2023 ▶ 26:37 The Ultimate Guide for Building a Two-Sided Marketplace | a16z's Jeff Jordan · 20VC with Harry Stebbings
Jan 24, 2023 neutral
Disclosure
Jordan: Instacart Lost $20 to $25 Per Order When a16z Invested
“When I, from recollection, they were billing something like 10 or 12 dollars per order when we invested and they were losing 20, 25 dollars per order on each one.”
Jeff Jordan Jan 24, 2023 ▶ 27:33 The Ultimate Guide for Building a Two-Sided Marketplace | a16z's Jeff Jordan · 20VC with Harry Stebbings
Jan 24, 2023 bullish
Disclosure
Jordan: Incredible Health Had More Cash Pre-Series B Than Post-Series A
“Incredible health went you know, we did the a, they went three years without raising while the business was going very well. And when Iman finally did raise earlier this year. She had more cash in the bank when she raised than she did when after we funded her.”
Jeff Jordan Jan 24, 2023 ▶ 13:16 The Ultimate Guide for Building a Two-Sided Marketplace | a16z's Jeff Jordan · 20VC with Harry Stebbings
Jun 14, 2023 bullish
Assertion Partly supported
Sunak: a16z, Palantir, OpenAI, and Anthropic are establishing UK offices
“Andreessen Horowitz, you know, all the world's most successful VC investors opening their first international office here in the UK. And that just comes on the back of Palantir saying that they're going to do their AI headquarters for research here in the UK. …”
Rishi Sunak Jun 14, 2023 ▶ 5:38 Rishi Sunak: The UK's New High Potential Visa; Rishi's £100M AI Task Force | E1025 · 20VC with Harry Stebbings
Jun 19, 2023 positive
Disclosure
Andreessen Horowitz Held Zero Board Meetings and Responded in 20 Minutes
“Personally, you know, I worked with Andreessen Arvitz with my previous startup. It was incredible because they never call. They never ask for anything. We didn't even have board meetings. And when I, every time I need something, you know, 20 minutes I get huge…”
Alex Lebrun Jun 19, 2023 ▶ 1:13:21 Alex Lebrun: Why the EU's AI Regulation is a Disaster; How Zuck Prepares for Meetings | E1027 · 20VC with Harry Stebbings
Oct 30, 2023 negative
Opinion
Tomaino: a16z's large fund size drives investment in hyped token projects
“But yeah, I think more recently Fundsize has probably caused them to do some of the stuff that people you know, accuse them for, which again, I don't think they're dumping. They have to be very careful about that, but I do think they are investing in some of t…”
Nick Tomaino Oct 30, 2023 ▶ 31:42 Nick Tomaino: The Future of NFTs, What Will Happen with FTX & Who Should be Held to Account | E1076 · 20VC with Harry Stebbings
Oct 30, 2023 negative
Opinion
Tomaino: Andreessen Horowitz's crypto fund has probably grown too big
“A-Six and Z is a great fund. In crypto. And I have a lot of respect for them. I do think they probably got too big.”
Nick Tomaino Oct 30, 2023 ▶ 30:54 Nick Tomaino: The Future of NFTs, What Will Happen with FTX & Who Should be Held to Account | E1076 · 20VC with Harry Stebbings
Dec 11, 2023 positive
Opinion
Corcos: Most VC Platform Services Fail, but a16z Is the Best
“I think part of the answer is that most firms are not good at it. It's sort of the short answer. I think most firms, they understand when they talk to founders, they say that it's the thing that they want, but they're not very good at delivering on the value. …”
Sam Corcos Dec 11, 2023 ▶ 40:08 Sam Corcos: Why Founders Should Take as Many VC Meetings as Possible | E1093 · 20VC with Harry Stebbings
Dec 11, 2023 positive
Assertion Not checkable as stated
Corcos: Levels Has Extracted Value From Over 110 a16z Operating Partners
“I think our team has extracted value from, I think more than a 110 of the operating partners. From the Andreessen team.”
Sam Corcos Dec 11, 2023 ▶ 39:40 Sam Corcos: Why Founders Should Take as Many VC Meetings as Possible | E1093 · 20VC with Harry Stebbings
Dec 18, 2023 neutral
Assertion Supported
Lacaillade: Founders Fund, a16z, Greenoaks, and Thrive proactively marked down valuations
“In my core relationships Founders Fund's the most extreme, because Peter Thiel's very contrarian and he wants to reset the mindset of his team. Which I think is great. But Andreessen Horowitz, Green Oaks Thrive, they've all proactively marked down their compan…”
Peter Lacaillade Dec 18, 2023 ▶ 24:08 Peter Lacaillade: Why Now is the Best Time to Invest in Emerging Managers | E1096 · 20VC with Harry Stebbings
Jan 15, 2024 negative
Opinion
Building a $25B company isn't enough to compete with Sequoia
“Like if I were to go in and try to compete with Andreessen and Sequoia with all those folks, I don't even, that's not, I don't think that's a good enough angle.”
Brian Halligan Jan 15, 2024 ▶ 1:15:28 Brian Halligan: Leadership Lessons Scaling Hubspot to $28BN | E1103 · 20VC with Harry Stebbings
Jan 31, 2024 neutral
Assertion Not checkable as stated
Kellogg: Andreessen Horowitz paused Silicon Valley founder replacements for over a decade
“Jason Horowitz, in my opinion, Put that trend on hold for a decade or more, right?”
Dave Kellogg Jan 31, 2024 ▶ 1:02:24 Dave Kellogg: How to Forecast in 2024 & Why CaC Payback is Flawed and CAC Ratio is Better | E1110 · 20VC with Harry Stebbings
Feb 19, 2024 bullish
Prediction Held up
Stebbings: Andreessen Horowitz Will Keep Raising Billions on 12% Return Expectations
“I think to your point, though, that the 10, 12% being good enough, I think that's exactly why Andreessen respectfully will continue to thrive and raise billions and billions of more dollars, because compared to the six or seven percent net that they're getting…”
Harry Stebbings Feb 19, 2024 ▶ 25:27 Roger Ehrenberg: Why VC Returns Will Get Worse & Why LP Incentive Structures are so Broken | E1117 · 20VC with Harry Stebbings
Feb 19, 2024 negative
Opinion
Ehrenberg: Andreessen Horowitz and Insight Partners Are Corporations, Not Venture Firms
“Yes, you're going to have more of the Andreessen's and the insights and these platforms that they're not really venture firms. They're Corporations that are multi-stage investment firms. That have some venture, that have some growth, that have some pre-IPO, an…”
Roger Ehrenberg Feb 19, 2024 ▶ 5:27 Roger Ehrenberg: Why VC Returns Will Get Worse & Why LP Incentive Structures are so Broken | E1117 · 20VC with Harry Stebbings
Mar 27, 2024 positive
Assertion Supported
Dixon: a16z Has Never Pivoted Strategy, Investing in AI Since 2013
“We are, we don't pivot at A-Six-Z, like we've never pivoted. We have all, you know, we've done AI for 10, since I've been at the firm, since 2013, we've done blockchain, crypto consistently, we've done bio, we've done SaaS, we've done video games.”
Chris Dixon Mar 27, 2024 ▶ 20:00 Chris Dixon: Who Will Win the Next Generation of Venture? | E1132 · 20VC with Harry Stebbings
Mar 27, 2024 positive
Disclosure
Dixon: Andreessen and Dixon Personally Funded California Forever Before a16z
“We do other kind of things like we, I don't know if you've seen this California forever. This was something we did. We, it's a new city in Northern California that, you know, at the time didn't fit into the venture Fun model. So we did that, you know, it was a…”
Chris Dixon Mar 27, 2024 ▶ 58:08 Chris Dixon: Who Will Win the Next Generation of Venture? | E1132 · 20VC with Harry Stebbings
Mar 27, 2024 neutral
Disclosure
Dixon: All a16z crypto funds are structured as 10-year venture funds
“First of all, all of our funds are Ten-year venture funds.”
Chris Dixon Mar 27, 2024 ▶ 40:03 Chris Dixon: Who Will Win the Next Generation of Venture? | E1132 · 20VC with Harry Stebbings
Mar 27, 2024 positive
Assertion Not checkable as stated
Dixon: a16z's vertical structure prevents corporate bureaucracy from creeping in
“We, you know, we're very verticalized now. So we're a big firm, but, you know, I run a vertical and, you know, it's pretty independent. And that's important because I think we actually avoid a lot of the bureaucracy and other things.”
Chris Dixon Mar 27, 2024 ▶ 55:40 Chris Dixon: Who Will Win the Next Generation of Venture? | E1132 · 20VC with Harry Stebbings
Mar 27, 2024 negative
Disclosure
Dixon: I refrain from giving product feedback to portfolio startups
“I rarely in fact, I'm, I rarely get involved in, in those parts of the companies. And in fact, I, Probably judiciously tried to not comment on that because I think sometimes board members and investors opinions on like this button should be purple or something…”
Chris Dixon Mar 27, 2024 ▶ 17:48 Chris Dixon: Who Will Win the Next Generation of Venture? | E1132 · 20VC with Harry Stebbings
Apr 8, 2024 negative
Assertion Supported
Andreessen Horowitz passed on Postmates four or five times
“I pitched him four times or five times the entire firm with Postmates. They were smart enough to say no”
Bastian Lehmann Apr 8, 2024 ▶ 29:20 Bastian Lehmann: How the Uber Deal Went Down and How a $2.65BN Deal Turned into $5BN | E1137 · 20VC with Harry Stebbings
May 15, 2024
Assertion Supported
Siroker: Top VC funds will break ownership minimums for hot startups
“Yeah, the best investors benchmark and recent, they will invest less than their supposed minimums for the right company.”
Dan Siroker May 15, 2024 ▶ 29:43 Dan Siroker: Second-Time Founders Are More Investable & Why Not To Hire People Out of College |E1153 · 20VC with Harry Stebbings
Jul 3, 2024 negative
Opinion
Eyal: Andreessen Horowitz and Sequoia have become BlackRocks for startups
“And that's part of the challenge with what's happened today within the, what I call the institutionalization of VC, where Andreessen and Sequoia have become such big funds, the investment managers you know, the multiple targets are different. The RR targets ha…”
Avi Eyal Jul 3, 2024 ▶ 14:14 Avi Eyal: Making $2.3BN on Monday, Stripe & PillPack from Entrée Capital MP | E1173 · 20VC with Harry Stebbings
Sep 6, 2024 negative
What-if
Chirls: Coinbase would have succeeded without Andreessen Horowitz and USV
“Would Coinbase not have been successful? If they hadn't take money from Andreessen Horowitz and USV. No, I think they would have been just as successful.”
Nicholas Chirls Sep 6, 2024 ▶ 47:20 Nicholas Chirls: Why Big VCs Ruin Startups, VC is a Ponzi Scheme Today & Most VCs are Bankers |E1198 · 20VC with Harry Stebbings
Sep 23, 2024
Assertion Partly supported
Gurski: Competitor Glow raised $30M from top VCs before Flo launched
“They raised from Anderson Horowitz and Founders Fund, thirty million, almost immediately. They started three years before Floor”
Dmitry Gurski Sep 23, 2024 ▶ 11:39 Dmitry Gurski: From Potato Farm to $200M in Revenue: The Never-Before-Told Story of Flo Health|E1205 · 20VC with Harry Stebbings
Oct 25, 2024 negative
Opinion
Goldberg: Andreessen Horowitz's platform model has become a crutch for VCs
“If you go back to the innovation from 1015 years ago, when Andreessen Horowitz started, it was a great idea. It was this sense of, you know, excitement and innovation for venture. But I think where we are now is it's become more of a crutch to these organizati…”
Mark Goldberg Oct 25, 2024 ▶ 4:53 Mark Goldberg: Why Politics is Rife & Decision-Making is Broken in Large VCs | E1219 · 20VC with Harry Stebbings
May 5, 2025 positive
Opinion
Moore: Investing in competing AI providers is rational if founders agree
“And I think what you're seeing with, say, Andreessen Horowitz is they're trying to invest in every one of these companies. And I think it's a rational strategy so long as you have buy-in from the entrepreneurs so as to not ruin that relationship.”
Bucky Moore May 5, 2025 ▶ 10:16 Bucky Moore @ Lightspeed Venture Partners: Why You Cannot Do VC If You Do Not Do Pre-Seed · 20VC with Harry Stebbings
May 8, 2025 neutral
Assertion Not publicly verifiable
O'Driscoll: Benchmark achieved 10% hit rate versus a16z's 2%
“Benchmark did something like 63 series A's and had a 10% hit rate across 15 years. Andreessen did a 454 series A's and had a two percent hit rate across the same period of time. Now in absolute numbers, they had 10 five billion hits and Benchmark had six.”
Rory O'Driscoll May 8, 2025 ▶ 24:38 Benchmark vs a16z: Why Stage Specific Firms Win · 20VC with Harry Stebbings
May 8, 2025
Assertion Partly supported
Lemkin: Andreessen Horowitz received a 1x return on its Loom investment
“When Loom sold and Andreessen invested at one And they got their one ex back in a year.”
Jason Lemkin May 8, 2025 ▶ 6:11 Benchmark vs a16z: Why Stage Specific Firms Win · 20VC with Harry Stebbings
May 12, 2025 positive
Disclosure
Akhund: Andreessen Horowitz invested in Mercury's seed round based solely on a deck
“Andreessen Horowitz was our seed investor. So they invested like basically on a deck for Mercury”
Immad Akhund May 12, 2025 ▶ 6:18 20VC Exclusive: Mercury Founder Launches First $26M Fund with Immad Akhund · 20VC with Harry Stebbings
May 12, 2025 negative
Disclosure
Akhund: Dedicated fintech funds refused to invest in Mercury's seed round
“Even after Andreessen had come in with a lead check, it was so hard to get any fintech fund to invest alongside them because all fintech funds saw was like all the problems. They were like, this doesn't work for this reason and that reason. And I was like, I r…”
Immad Akhund May 12, 2025 ▶ 16:51 20VC Exclusive: Mercury Founder Launches First $26M Fund with Immad Akhund · 20VC with Harry Stebbings
Jul 24, 2025 neutral
Disclosure
Lemkin caps seed entry valuations at $30 million max
“Even if you beat Andreessen, and Andreessen's offering 50, and you say, listen, the best I can do is 30, and I've done this multiple times, because 30 is the highest price I pay. It is, it's on my website, so there's multiple deals I've done where the price ha…”
Jason Lemkin Jul 24, 2025 ▶ 46:25 How Do All Providers Deal with Anthropic Dependency Risk & Figma IPO Breakdown: Where Does it Price? · 20VC with Harry Stebbings
Jul 28, 2025
Insight
Casado: Company diligence is far more reliable than predicting market adoption
“And so, I actually don't believe You can predict the future of technology adoption. It's a very tough thing, right? I mean, you don't know what a big company is going to do, can wipe out an entire market. You don't know what innovation will wipe out entire mar…”
Martin Casado Jul 28, 2025 ▶ 1:04:19 a16z GP, Martin Casado: Anthropic vs OpenAI & Why Open Source is a National Security Risk with China · 20VC with Harry Stebbings
Jul 28, 2025
Insight
Casado: The only real sin in venture capital is missing the winner
“The only sin in investing and I've sinned so much. The only sin investing is, is, is, is missing the winner. Like there's no, it's fine to like invest in a category that doesn't work. It's fine to lose money all. But like, if you choose the wrong company, like…”
Martin Casado Jul 28, 2025 ▶ 1:00:44 a16z GP, Martin Casado: Anthropic vs OpenAI & Why Open Source is a National Security Risk with China · 20VC with Harry Stebbings
Jul 28, 2025 positive
Disclosure
Casado Confirms Andreessen Horowitz Is an Investor in OpenAI
“We're investors in opening eye, yeah.”
Martin Casado Jul 28, 2025 ▶ 9:41 a16z GP, Martin Casado: Anthropic vs OpenAI & Why Open Source is a National Security Risk with China · 20VC with Harry Stebbings
Jul 28, 2025
Disclosure
Casado: Andreessen Horowitz Walks Away From Deals Over Ownership, Not Price
“Price? No. Ownership? Yes.”
Martin Casado Jul 28, 2025 ▶ 53:48 a16z GP, Martin Casado: Anthropic vs OpenAI & Why Open Source is a National Security Risk with China · 20VC with Harry Stebbings
Jul 28, 2025
Assertion Not checkable as stated
a16z frequently passes on startup investments due to portfolio conflicts
“In fact, I mean, we routine, I would say the number one reasons we don't, that's not true. One of the top reasons we don't invest in companies is because of conflicts.”
Martin Casado Jul 28, 2025 ▶ 57:28 a16z GP, Martin Casado: Anthropic vs OpenAI & Why Open Source is a National Security Risk with China · 20VC with Harry Stebbings
Aug 4, 2025 bullish
Opinion
Ben Horowitz called Databricks his highest-upside portfolio company in 2015
“So I was like looking at Mongo or Square or some of those companies and he was like, yeah, this company called Databricks, it's way earlier stage than anything you're looking at, but it's got the most upside of any company in my whole portfolio.”
Ron Gabrisko Aug 4, 2025 ▶ 4:37 20Sales: $0-$3.7BN: The Databricks CRO's Playbook to Build the Fastest GTM Engine in SaaS History | How Databricks Beat Snowflake | How To Build a Sales Org of 5,000 and Close $190M Deals with Ron Gabrisko
Aug 21, 2025 neutral
Assertion Supported
O'Driscoll: Andreessen Horowitz has invested at least $500M into Databricks
“For that guy, you probably, I'm willing to bet they have the guts of a billion dollars in that deal. Could be wrong. Half a billion at least.”
Rory O'Driscoll Aug 21, 2025 ▶ 17:58 Databricks at $100BN, CoreWeave’s $11B Debt Bet & Nubank’s $2.5B Profit Shocker - Ep.19 · 20VC with Harry Stebbings
Sep 8, 2025 positive
Assertion Supported
Staniszewski: a16z connected ElevenLabs with celebrities before investing
“A-sixteen Z was phenomenal. They did exactly what we spoke about, which was, they've shown us that they cared before they invested. They introduced us to incredible people, to some celebrities to work on the voice licensing. So they were like on it for two wee…”
Mati Staniszewski Sep 8, 2025 ▶ 33:42 ElevenLabs CEO/Co-Founder, Mati Staniszewski:The Untold Story of Europe’s Fastest Growing AI Startup · 20VC with Harry Stebbings
Sep 19, 2025
Disclosure
Decagon raised seed funding from Andreessen Horowitz before having an idea
“The seed round we raised before we had any ideas. So we raised from Andreessen Horowitz.”
Jesse Zhang Sep 19, 2025 ▶ 13:46 20VC: Why 90% of Founders Build Startups Wrong | Why AI Growth Rates are Sustainable & Remote Work is BS and the AI Talent War | Competing with Brett Taylor and Sierra: Who Wins the Customer Service War with Jesse Zhang, Decagon
Oct 9, 2025 bullish
Assertion Open · timeframe Oct 2028
Stebbings: Andreessen Horowitz will generate $40B+ back from Databricks
“They're about to get the payday of paydays in Ventureland with a minimum of forty billion back from Databricks.”
Harry Stebbings Oct 9, 2025 ▶ 37:05 OpenAI's Multi-Billion Deal with AMD & Polymarket, Vercel and Supabase Raise Mega Rounds · 20VC with Harry Stebbings
Oct 20, 2025
Assertion Not checkable as stated
Bouaziz claims Deel burned only $400K of seed funding before Series A
“We had raised four and, 4.3 million dollars in our seed round. We showed up to our Series A pitch meeting with Andreessen's team, having burned, I think, 400 K a year and a half later.”
Alex Bouaziz Oct 20, 2025 ▶ 59:49 Deel CEO, Alex Bouaziz on Raising $300M+ at a $17BN Valuation · 20VC with Harry Stebbings
Oct 20, 2025 bullish
Disclosure
Ribbit Capital, a16z, and Coatue co-lead Deel's $300M round
“So it's actually co-led by three three investors. The first one is Rubit Capital, which is our new investor. It's actually the first time that they invest into a deal. And maybe we'll talk about this after, but I've been I actually love the team there. I've be…”
Alex Bouaziz Oct 20, 2025 ▶ 2:00 Deel CEO, Alex Bouaziz on Raising $300M+ at a $17BN Valuation · 20VC with Harry Stebbings
Oct 20, 2025 positive
Opinion
Bouaziz claims Andreessen Horowitz stood by Deel like no other investor
“Andreessen has been top tier by far, and they've always been super supportive through rainbows and unicorns all the way to shitstorms. They stood by us like no investor ever did.”
Alex Bouaziz Oct 20, 2025 ▶ 23:21 Deel CEO, Alex Bouaziz on Raising $300M+ at a $17BN Valuation · 20VC with Harry Stebbings
Oct 23, 2025 bullish
Prediction Not checkable as stated
Stebbings: Top mega-fund partners will make over $1B in distributions
“Well, I think if you are one of the top one to three carry participants in one of the large mega platforms, be it Andreessen, be it Thrive, be it GC, I would argue that you will have more than that in distributions in the next few decades.”
Harry Stebbings Oct 23, 2025 ▶ 4:47 Why VC Today is Worse than 2021 · 20VC with Harry Stebbings
Oct 30, 2025 negative
Opinion
Stebbings: Andreessen Horowitz is Europe's biggest Series A threat
“When we sit and look at Series A, we don't sit and be frightened by Index or Excel or the big European players. We sit and be frightened of Andreessen coming into Europe. They're the ones who beat you.”
Harry Stebbings Oct 30, 2025 ▶ 1:24:03 OpenAI Restructuring: Who Wins and Who Loses & Mercor Raises $350M at a $10BN Valuation · 20VC with Harry Stebbings
Oct 30, 2025 bullish
Opinion
Stebbings: Bullish on Andreessen Horowitz as partner quality matches boutique firms
“They are as good as the partners at smaller firms with three to five partners, and they have been fantastic. Like, I am a Big bull on Andreessen now where I was not before.”
Harry Stebbings Oct 30, 2025 ▶ 1:22:14 OpenAI Restructuring: Who Wins and Who Loses & Mercor Raises $350M at a $10BN Valuation · 20VC with Harry Stebbings
Oct 30, 2025 negative
Opinion
O'Driscoll: Andreessen Horowitz is the Red Army of venture capital
“And recent words is the red army of the venture industry.”
Rory O'Driscoll Oct 30, 2025 ▶ 0:17 OpenAI Restructuring: Who Wins and Who Loses & Mercor Raises $350M at a $10BN Valuation · 20VC with Harry Stebbings
Nov 21, 2025 negative
Assertion Not publicly verifiable
Andreessen Horowitz led only two seed rounds for billion-dollar AI startups
“Of the first 40 of them, only one person had two lead checks, and that was Andreessen, and no one else had two, and if you look through the smattering, there are, you know, Green Oaks is in there, a lot of Gill's in there, but there's a lot of other random peo…”
Max Altman Nov 21, 2025 ▶ 29:12 20VC: Max Altman on The New Seed War: Can Anyone Compete with Sequoia and a16z | Leaving $2BN on the Table with Reddit | Lessons from Backing Rippling at $25M Post | Why Climate Tech is a Mirage and Disaster
Nov 21, 2025 negative
Insight
Altman: Mid-sized $700M VC funds face severe structural challenges
“I think it's really challenging to be like a seven hundred million dollar fund. Now I think you're either a really massive, powerful platform like an Andreessen or a GC Or you just have the legacy cachet, like a Sequoia or a Kleiner, or you have to be a boutiq…”
Max Altman Nov 21, 2025 ▶ 1:01:59 20VC: Max Altman on The New Seed War: Can Anyone Compete with Sequoia and a16z | Leaving $2BN on the Table with Reddit | Lessons from Backing Rippling at $25M Post | Why Climate Tech is a Mirage and Disaster
Dec 15, 2025 negative
Insight
Unscaled mid-tier venture capital firms face high risk of being squeezed out
“Yeah, there's scale players, and then there's specialists. And I think, you know, we're obviously a scale player. I think the risk is, is everything in between, right? Department stores that have general merchandise, but don't have scale, for example. And that…”
David George Dec 15, 2025 ▶ 38:39 a16z's David George on the Most Controversial Bet at a16z & Do Margins and Revenue Matter in AI? · 20VC with Harry Stebbings
Dec 15, 2025
Disclosure
Half of a16z's growth investments are follow-ons from its venture portfolio
“By the numbers, about half of what we do is follow-ons from existing venture companies. And then from a dollar standpoint, another 15% is follow-ons from existing growth stage companies. And then about a third or so is fully net new companies.”
David George Dec 15, 2025 ▶ 20:53 a16z's David George on the Most Controversial Bet at a16z & Do Margins and Revenue Matter in AI? · 20VC with Harry Stebbings
Dec 15, 2025 neutral
Opinion
Only five founders globally justify paying growth-stage valuations at early stages
“The kinds of people like that, that warrant an investment decision, you know, a thought process like that, I think are extremely small. I mean, the list is five people, I think.”
David George Dec 15, 2025 ▶ 19:25 a16z's David George on the Most Controversial Bet at a16z & Do Margins and Revenue Matter in AI? · 20VC with Harry Stebbings
Dec 15, 2025 positive
Assertion Contradicted
a16z's larger venture funds consistently outperform its smaller funds
“Our funds consistently beat small, large, Diversified, concentrated venture funds. So our larger funds have outperformed our smaller ones, and our larger ones actually have similar multiples of money to our smaller ones across, across strategies.”
David George Dec 15, 2025 ▶ 2:00 a16z's David George on the Most Controversial Bet at a16z & Do Margins and Revenue Matter in AI? · 20VC with Harry Stebbings
Dec 15, 2025 bullish
Disclosure
a16z's best fund ever saw Databricks return 7x and Coinbase 5x
“Our best performing fund in the history of the firm is actually a one billion dollar fund. So it's a large fund, right? In that fund, Databricks has returned seven X the fund so far. Coinbase has returned already DPI five X of the fund.”
David George Dec 15, 2025 ▶ 2:33 a16z's David George on the Most Controversial Bet at a16z & Do Margins and Revenue Matter in AI? · 20VC with Harry Stebbings
Dec 15, 2025 bullish
Prediction Not checkable as stated
a16z historically refuses to sell secondary shares in late-stage portfolio companies
“We could, but we historically have not. And so, you know, for the most part, for the companies that have decided to stay private, we've been really excited to stay in them, keep backing them. And that's probably the strategy that we'll, we'll continue to have.”
David George Dec 15, 2025 ▶ 7:00 a16z's David George on the Most Controversial Bet at a16z & Do Margins and Revenue Matter in AI? · 20VC with Harry Stebbings
Dec 15, 2025
Insight
Portfolio companies naturally diverge in product strategy more often than they converge
“The thing that we see that more often happens is companies diverge. More often than they converge. And so, you know, the perception of what a conflict can be in the future, like often doesn't come into play.”
David George Dec 15, 2025 ▶ 52:25 a16z's David George on the Most Controversial Bet at a16z & Do Margins and Revenue Matter in AI? · 20VC with Harry Stebbings
Dec 15, 2025
Insight
VCs should invest in exceptional strengths rather than a lack of weaknesses
“When we make an investment, we should always be investing in strength of strengths as opposed to lack of weaknesses.”
David George Dec 15, 2025 ▶ 23:12 a16z's David George on the Most Controversial Bet at a16z & Do Margins and Revenue Matter in AI? · 20VC with Harry Stebbings
Dec 15, 2025 bullish
Prediction Not checkable as stated
Independent AI application software companies will win across almost every category
“We fully changed our mind. I think there's going to be application software companies built on top of models in pretty much every direction.”
David George Dec 15, 2025 ▶ 1:00:20 a16z's David George on the Most Controversial Bet at a16z & Do Margins and Revenue Matter in AI? · 20VC with Harry Stebbings
Dec 15, 2025 negative
Insight
Traditional SaaS margins in an AI pitch indicate low AI feature usage
“If we ever see a company that pitches us as an AI company, and they have SaaS gross margins, we ask a lot of questions because it probably means that people aren't actually using the AI features.”
David George Dec 15, 2025 ▶ 45:11 a16z's David George on the Most Controversial Bet at a16z & Do Margins and Revenue Matter in AI? · 20VC with Harry Stebbings
Dec 15, 2025
Disclosure
a16z gives startups more leeway on gross margins today
“On the gross margin point today, I'll say this. We give a little bit more of a pass than we used to.”
David George Dec 15, 2025 ▶ 0:29 a16z's David George on the Most Controversial Bet at a16z & Do Margins and Revenue Matter in AI? · 20VC with Harry Stebbings
Dec 15, 2025
Insight
All-partner pitch meetings are not scalable for multi-sector venture capital firms
“I wouldn't change this, but one of the elements about us scaling has been, we've had to decentralize the way we run our business. Right. And so when I first joined the firm, you know, we used to sit around in partner meetings all day on Mondays and hear all th…”
David George Dec 15, 2025 ▶ 1:08:11 a16z's David George on the Most Controversial Bet at a16z & Do Margins and Revenue Matter in AI? · 20VC with Harry Stebbings
Dec 15, 2025 bullish
What-if
Recent a16z portfolio startups would access cheaper capital in public markets
“I can say in our portfolio, the companies that we have invested in over the last year or so, I'm pretty confident that if they were in the public markets, they'd probably have access to capital at a cheaper cost.”
David George Dec 15, 2025 ▶ 9:27 a16z's David George on the Most Controversial Bet at a16z & Do Margins and Revenue Matter in AI? · 20VC with Harry Stebbings
Dec 15, 2025 positive
Disclosure
a16z's growth fund backed Anduril when it only sold border towers
“We invested in Andrel you know, in the growth fund when they had one program of record and it was border towers.”
David George Dec 15, 2025 ▶ 46:22 a16z's David George on the Most Controversial Bet at a16z & Do Margins and Revenue Matter in AI? · 20VC with Harry Stebbings
Dec 15, 2025 neutral
Assertion Not publicly verifiable
53% of dollar gains in top recent IPOs came post-Series C
“We actually just looked at the 50 top IPOs from 2017 to 2025. And if you disaggregate where the dollars of return come from, 47% of the dollars of gain happens between the seed in the series B and 53% of the dollars of gain happened from series C plus.”
David George Dec 15, 2025 ▶ 3:24 a16z's David George on the Most Controversial Bet at a16z & Do Margins and Revenue Matter in AI? · 20VC with Harry Stebbings
Dec 15, 2025 positive
Disclosure
a16z paid growth prices for early-stage Character.AI to back Noam Shazeer
“My partner, Sarah led around a character AI and, you know, it was extremely early stage and, You know, we invested at a, you know, what you would call a gross stage price. But we knew that the likelihood of some degree of success in backing Nome was extremely …”
David George Dec 15, 2025 ▶ 18:24 a16z's David George on the Most Controversial Bet at a16z & Do Margins and Revenue Matter in AI? · 20VC with Harry Stebbings
Dec 15, 2025 negative
Insight
Venture capital kingmaking creates adverse selection by backing fundamentally weaker startups
“We can king make if we just put the capital into the companies and then that will allow them to win. But that's a bit of an adverse selection machine where the companies that opt into that as their winning strategy are the ones that maybe don't have as good of…”
David George Dec 15, 2025 ▶ 37:11 a16z's David George on the Most Controversial Bet at a16z & Do Margins and Revenue Matter in AI? · 20VC with Harry Stebbings
Dec 15, 2025 bullish
Prediction Not checkable as stated
Robotics will become the largest category in artificial intelligence within 10 years
“You know, we have not made a large investment in robotics, but I think it's going to be the largest category in AI, B to C, B to B. You know, there's still kind of debate on what the right form factors are. Whether it's at home help, whether it's industrial, l…”
David George Dec 15, 2025 ▶ 1:10:56 a16z's David George on the Most Controversial Bet at a16z & Do Margins and Revenue Matter in AI? · 20VC with Harry Stebbings
Dec 15, 2025
Insight
Overweighting the fear of theoretical competition causes VCs to miss deals
“If you overweight the fear of future theoretical competition, you can always talk yourself out of making an investment.”
David George Dec 15, 2025 ▶ 23:57 a16z's David George on the Most Controversial Bet at a16z & Do Margins and Revenue Matter in AI? · 20VC with Harry Stebbings
Dec 15, 2025 bullish
Assertion Supported
Winning AI applications are growing three times faster than predecessor SaaS startups
“For most of these companies that we've backed, these winning apps, they're growing faster, three X faster, you know, than predecessor SaaS and cloud companies.”
David George Dec 15, 2025 ▶ 43:31 a16z's David George on the Most Controversial Bet at a16z & Do Margins and Revenue Matter in AI? · 20VC with Harry Stebbings
Jan 8, 2026 bullish
Opinion
O'Driscoll: Navan is significantly undervalued at 4x ARR
“The fundamentals are this is a 27% growth company trading at four times revenue that's cashflow positive and operating income positive on a non-GAAP basis. Actually, after this call, I made a mental note to follow Andreessen and buy some, right? Perfectly good…”
Rory O'Driscoll Jan 8, 2026 ▶ 1:01:55 Groq’s $20BN NVIDIA Deal | Why Sam Altman Doesn’t Care About Dilution & Invisible Unemployment 2026 · 20VC with Harry Stebbings
Jan 12, 2026
Disclosure
Rampell: Haggled over $5M on Plaid's Series B, later invested at $2.4B
“It probably was one of the first rounds of Plaid, which I subsequently corrected myself for by doing the Series C of Plaid. So I think we invested at 2.4 billion for the Series C, and I was debating a five million dollar difference with Zach for the Series B. …”
Alex Rampell Jan 12, 2026 ▶ 1:12:23 Alex Rampell: The Best Founders Materialise Capital, Customers & Labour | The Future of Venture · 20VC with Harry Stebbings
Jan 12, 2026
Disclosure
a16z Passed on Company That Later Reached $1B Valuation
“There was a deal that I guess we should have done, candidly, because, like, this company just raised it, like, a billion dollar plus valuation, but we turned it down. The company had, like, less than a million dollars in revenue, and they wanted, like, a two h…”
Alex Rampell Jan 12, 2026 ▶ 42:16 Alex Rampell: The Best Founders Materialise Capital, Customers & Labour | The Future of Venture · 20VC with Harry Stebbings
Jan 12, 2026
Insight
Rampell: Wanting $50M Is Insufficient Motivation for Large VC Funds
“The motivation has to be beyond just, like, I want to make fifty million dollars, because if that's the motivation, that's great motivation. You know, I'm a capitalist. Like, we live in a capitalist society. If that's the only motivation, like, it's not going …”
Alex Rampell Jan 12, 2026 ▶ 19:50 Alex Rampell: The Best Founders Materialise Capital, Customers & Labour | The Future of Venture · 20VC with Harry Stebbings
Jan 12, 2026
Disclosure
Rampell: Nearly $7 Billion of a16z's Latest Raise Is Growth Capital
“If you look at the money that we just raised, you know, almost seven billion of that is for the growth fund.”
Alex Rampell Jan 12, 2026 ▶ 3:28 Alex Rampell: The Best Founders Materialise Capital, Customers & Labour | The Future of Venture · 20VC with Harry Stebbings
Jan 12, 2026
Disclosure
Rampell: a16z wants small stakes in proven winners or high ownership early
“We either want to buy any percent, right, of something that is absolutely working, or high ownership of something that could work.”
Alex Rampell Jan 12, 2026 ▶ 0:04 Alex Rampell: The Best Founders Materialise Capital, Customers & Labour | The Future of Venture · 20VC with Harry Stebbings
Jan 12, 2026
Insight
Rampell: Big venture funds require high initial ownership due to dilution
“In order to make the math work for a big fund, you have to have high ownership, and you know that your ownership will get Depleted or will get diluted over time as option pool expansions happen, even if you take your pro rata in every single successive round.”
Alex Rampell Jan 12, 2026 ▶ 45:04 Alex Rampell: The Best Founders Materialise Capital, Customers & Labour | The Future of Venture · 20VC with Harry Stebbings
Jan 15, 2026 neutral
Insight
O'Driscoll: VC mega-funds cannot generate target returns without top outliers
“You simply can't make this kind of math work without getting those top exits. And you don't have to get in at the A, but, you know, you don't have to do the A of SpaceX, but you better show up on the cap table before they hit total, because that's a trillion d…”
Rory O'Driscoll Jan 15, 2026 ▶ 34:16 Anthropic’s $10B Raise | a16z’s $15B Fund: Is the Middle Dead in VC? | How OpenAI Could Go to Zero? · 20VC with Harry Stebbings
Jan 15, 2026 positive
Assertion Supported
Lemkin: Andreessen Horowitz has achieved top-decile VC fund returns
“The returns were published. The returns are top decile. So you have the biggest fund, the top decile returns or quartile, whatever, top tier, which used to be a knock. And founders love this brand.”
Jason Lemkin Jan 15, 2026 ▶ 27:41 Anthropic’s $10B Raise | a16z’s $15B Fund: Is the Middle Dead in VC? | How OpenAI Could Go to Zero? · 20VC with Harry Stebbings
Jan 15, 2026 positive
Assertion Not publicly verifiable
O'Driscoll: a16z backed 10% of $5B+ Series A outcomes over last decade
“That work that we talked about way back last year that the partner from DST did showed by over the last decade, Andreessen did roughly 10% of all series A's that became five billion dollar outcomes.”
Rory O'Driscoll Jan 15, 2026 ▶ 32:02 Anthropic’s $10B Raise | a16z’s $15B Fund: Is the Middle Dead in VC? | How OpenAI Could Go to Zero? · 20VC with Harry Stebbings
Jan 19, 2026 neutral
Assertion Not checkable as stated
Weinberg: Most enterprise customers do not know Sequoia or Andreessen Horowitz
“The vast majority of our customers don't know who Sequoia, A-sixteen, Z, or any of those people even are, right?”
Winston Weinberg Jan 19, 2026 ▶ 15:37 Harvey CEO Winston Weinberg: How to Make Mega Deals | Lessons from Rabois, Halligan & Grady · 20VC with Harry Stebbings
Jan 29, 2026 positive
Prediction Not checkable as stated
O'Driscoll: Andreessen Horowitz will survive generational handoffs by institutionalizing
“The beauty of what Andreessen are clearly trying to do, and why I think they'll be able to manage it, is they're basically trying to transcend the individual by just being an institution. Their fundamental bet has been that venture capital is going to go the s…”
Rory O'Driscoll Jan 29, 2026 ▶ 54:50 Anthropic Inference Costs Skyrocket |TikTok Deal Closes |The IPO Market:Wealthfront & EquipmentShare · 20VC with Harry Stebbings
Jan 29, 2026
Assertion Partly supported
Lemkin: Andreessen Horowitz tripled its money on Skype in 12-14 months
“And the reason it was a structurally weird deal where they got a good deal. Now they took risks. Skype was a aging platform, but they bought it from eBay, right? Is that eBay needed to divest it? They had enough of it. There was no synergy and Andreessen went …”
Jason Lemkin Jan 29, 2026 ▶ 16:58 Anthropic Inference Costs Skyrocket |TikTok Deal Closes |The IPO Market:Wealthfront & EquipmentShare · 20VC with Harry Stebbings
Jan 29, 2026 bearish
Opinion
Lemkin: Absence of major VCs in TikTok deal signals hidden risks
“There's a reason they're not in that deal. It's free money. Otherwise, right. We're missing something.”
Jason Lemkin Jan 29, 2026 ▶ 17:56 Anthropic Inference Costs Skyrocket |TikTok Deal Closes |The IPO Market:Wealthfront & EquipmentShare · 20VC with Harry Stebbings
Feb 9, 2026
Assertion Supported
Anish Acharya claims he has never lost a deal at a16z
“I've never lost a deal.”
Anish Acharya Feb 9, 2026 ▶ 39:04 a16z, Anish Acharya: Is SaaS Dead? Do Margins Still Matter? Why We Are Not in an AI Bubble? · 20VC with Harry Stebbings
Feb 9, 2026 bullish
Opinion
Acharya: Software market is oversold and vibe-coding narrative is wrong
“The general story that we're going to vibe code everything is flat wrong, and the whole market is oversold software.”
Anish Acharya Feb 9, 2026 ▶ 5:12 a16z, Anish Acharya: Is SaaS Dead? Do Margins Still Matter? Why We Are Not in an AI Bubble? · 20VC with Harry Stebbings
Feb 9, 2026 positive
Insight
Acharya: Evaluate viral AI startups using Month-Two retention as baseline
“Retention really matters, and if you take a look at the best AI products, you know, even if you look at M-II as the new M-I, right, because again, you're getting a lot of sort of tourists who come in at M-I, you're not paying anything for them. Month one, that…”
Anish Acharya Feb 9, 2026 ▶ 27:44 a16z, Anish Acharya: Is SaaS Dead? Do Margins Still Matter? Why We Are Not in an AI Bubble? · 20VC with Harry Stebbings
Feb 9, 2026 positive
Assertion Not checkable as stated
Acharya: Kriya founders pitched a16z wearing matching kimonos drinking Celsius
“I mean, the Korea guys to me are a great example. You know, they come into our first pitch, first meeting with everyone in the room, Thanksgiving holiday. And, you know, I think they're both wearing matching kimonos. They're both drinking Celsius's, you know, …”
Anish Acharya Feb 9, 2026 ▶ 50:40 a16z, Anish Acharya: Is SaaS Dead? Do Margins Still Matter? Why We Are Not in an AI Bubble? · 20VC with Harry Stebbings
Feb 9, 2026 neutral
Assertion Not checkable as stated
Acharya: Fast-growing startups are skipping $500 million growth funding rounds
“Yeah, that's right.”
Anish Acharya Feb 9, 2026 ▶ 42:51 a16z, Anish Acharya: Is SaaS Dead? Do Margins Still Matter? Why We Are Not in an AI Bubble? · 20VC with Harry Stebbings
Feb 9, 2026 positive
Assertion Not checkable as stated
a16z Evaluates GPs via Founder 360s Every Two Years
“And he's like, well, in the near term, we don't measure you based on returns. We measure you by going and talking to every one of your founders every two years, doing a three 60 on you. And if your founders say you're telling them the truth, you're showing up,…”
Anish Acharya Feb 9, 2026 ▶ 1:12:10 a16z, Anish Acharya: Is SaaS Dead? Do Margins Still Matter? Why We Are Not in an AI Bubble? · 20VC with Harry Stebbings
Feb 9, 2026 bullish
Insight
Acharya: 50% Month-Two retention is solid for viral AI startups
“Like the bigger the better, but certainly 50% is solid, right? And if you're 60, 70%, I mean, we're very, very happy.”
Anish Acharya Feb 9, 2026 ▶ 28:14 a16z, Anish Acharya: Is SaaS Dead? Do Margins Still Matter? Why We Are Not in an AI Bubble? · 20VC with Harry Stebbings
Feb 9, 2026 positive
Assertion Not checkable as stated
Acharya: Deel's Alex Bouaziz treats a16z partners like an extended sales team
“I mean, I basically have a sales quota with Alex, you know, and DG would say the same thing. And Ben, he's even calling Ben saying, Hey Ben, can you help make this introduction XYZ? Like, He knows how to get the best out of Andreessen Horowitz, and all of the,…”
Anish Acharya Feb 9, 2026 ▶ 1:04:19 a16z, Anish Acharya: Is SaaS Dead? Do Margins Still Matter? Why We Are Not in an AI Bubble? · 20VC with Harry Stebbings
Feb 9, 2026 neutral
Disclosure
a16z Spent Nine Months Trying to Reach Kriya's Founders
“We, they'd been so mysterious. We'd been unable to get ahold of them for nine months.”
Anish Acharya Feb 9, 2026 ▶ 1:09:23 a16z, Anish Acharya: Is SaaS Dead? Do Margins Still Matter? Why We Are Not in an AI Bubble? · 20VC with Harry Stebbings
Mar 7, 2026 negative
Opinion
Mitchell Green: Multi-billion VC funds are insane and require hitting next Google
“I think it's insane. I think these funds are way too, and they, just do the math, the fund math on like how, they're clearly, you have to have the next open, you have to have the next Google, effectively, or the math doesn't work, I don't think.”
Mitchell Green Mar 7, 2026 ▶ 56:16 Mitchell Green: Why 50% of VCs Should Not Exist · 20VC with Harry Stebbings
Mar 30, 2026 positive
Opinion
Andreessen: Adam Neumann is a generational talent in real estate
“We got to know him after that. And, you know, as you know, like became, you know, thoroughly convinced or reinforced our view that he was a generational talent. And I think, yeah, we feel very strongly that that, that, that is the case.”
Marc Andreessen Mar 30, 2026 ▶ 1:11:35 Marc Andreessen: Will a16z Go Public & Why Labour Displacement with AI is Wrong? · 20VC with Harry Stebbings
Mar 30, 2026 negative
Insight
Andreessen: Passing on promising startups over price was always a mistake
“I think every time we passed on a promising venture company over price, I think it's been a mistake.”
Marc Andreessen Mar 30, 2026 ▶ 33:28 Marc Andreessen: Will a16z Go Public & Why Labour Displacement with AI is Wrong? · 20VC with Harry Stebbings
Mar 30, 2026 bullish
Disclosure
Andreessen: a16z Should Reflexively Back Every European Founder Moving to US
“One of my things in the firm is I say, we should back every single European founder who moves to the US. Like, we should just reflexively say yes.”
Marc Andreessen Mar 30, 2026 ▶ 50:42 Marc Andreessen: Will a16z Go Public & Why Labour Displacement with AI is Wrong? · 20VC with Harry Stebbings
Mar 30, 2026
Disclosure
Andreessen: a16z has long considered launching credit and public equity funds
“So the two that we've kicked around for a long time are public equity on the one hand and then credit on the other hand. And I think there's really good reasons to do both. And then there's issues with both in terms of issues specifically with respect to runni…”
Marc Andreessen Mar 30, 2026 ▶ 41:29 Marc Andreessen: Will a16z Go Public & Why Labour Displacement with AI is Wrong? · 20VC with Harry Stebbings
Mar 30, 2026 negative
Disclosure
Andreessen: a16z passed on Anduril Series A out of political fear
“The most straightforward example is the deal we didn't do, we should have done, is the Andrewle Series A right, which was like, which was just, like, sort of obvious that it was gonna be special, and, you know, Palmer, we had worked with Palmer at Oculus, and …”
Marc Andreessen Mar 30, 2026 ▶ 1:12:30 Marc Andreessen: Will a16z Go Public & Why Labour Displacement with AI is Wrong? · 20VC with Harry Stebbings
Mar 30, 2026
Opinion
Andreessen wants to be remembered as an entrepreneur, not an investor
“Entrepreneur. I, and you know, Ben and I are lucky in that we've been able to, you know, A-sixteen Z itself has been an entrepreneurial project. And so yeah, I would, if I could choose, that would definitely be the one.”
Marc Andreessen Mar 30, 2026 ▶ 1:15:57 Marc Andreessen: Will a16z Go Public & Why Labour Displacement with AI is Wrong? · 20VC with Harry Stebbings
Mar 30, 2026 positive
Disclosure
Andreessen: a16z partners have full autonomy to take contrarian risks
“So the deal we kind of make with all of our investing partners is they all get to take risk. So they all get to go out on a limb and do the things that other people are going to think are dumb. And so they don't generally like backbite each other on that.”
Marc Andreessen Mar 30, 2026 ▶ 1:11:59 Marc Andreessen: Will a16z Go Public & Why Labour Displacement with AI is Wrong? · 20VC with Harry Stebbings
Mar 30, 2026
Insight
Andreessen: A VC firm's expansion strategies depend on early-stage success
“At the end of the day, the early stage business has to work. If the early stage business works, we have option value in doing all this other stuff, but that, that always is the core of the business.”
Marc Andreessen Mar 30, 2026 ▶ 28:02 Marc Andreessen: Will a16z Go Public & Why Labour Displacement with AI is Wrong? · 20VC with Harry Stebbings
Mar 30, 2026 negative
Assertion Not checkable as stated
Andreessen: a16z has no reasons or needs to go public
“There's nothing that we're missing today that we could solve by going public.”
Marc Andreessen Mar 30, 2026 ▶ 0:21 Marc Andreessen: Will a16z Go Public & Why Labour Displacement with AI is Wrong? · 20VC with Harry Stebbings
Mar 30, 2026 negative
Disclosure
Horowitz refused to distribute 'Extreme Ownership' to a16z founders
“I recommended to Ben when that book came out, I fell in love with it and I recommended to Ben. I said, we need to send this to all of our founders and like teach this. And he's like, Mark, you're out of your mind. Like our founders already have the problem whe…”
Marc Andreessen Mar 30, 2026 ▶ 15:35 Marc Andreessen: Will a16z Go Public & Why Labour Displacement with AI is Wrong? · 20VC with Harry Stebbings
Mar 30, 2026 bullish
Prediction Open · timeframe Mar 2029
Andreessen: a16z will 100% not pass on defense tech deals again
“And so you'll notice that like we are now extremely enthusiastic investors in defense tech and in you know, things involving law enforcement, national security, public safety and, you know, say a hundred percent, we would not make that same mistake again.”
Marc Andreessen Mar 30, 2026 ▶ 1:12:54 Marc Andreessen: Will a16z Go Public & Why Labour Displacement with AI is Wrong? · 20VC with Harry Stebbings
Apr 14, 2026
Disclosure
Midha: Andreessen Horowitz used its balance sheet to procure compute via Oxygen
“When I got to A-sixteen Z as a general partner, the first thing I did is I sat down with Mark and Ben and said, we need more compute. We need compute access for these incubations I'm going to do. And they said, no problem, Ansh, let's set up a program. What do…”
Anjney Midha Apr 14, 2026 ▶ 23:31 The Early Days of Anthropic & How 21 of 22 VCs Rejected It | The Four Bottlenecks in AI | Anj Midha · 20VC with Harry Stebbings
Jul 18, 2026
Assertion Partly supported
a16z Seeded Fred Turner's Startup With $1.65M Without A TAM Calculation
“Their bio fund did our seed round right out of YC, and I don't think they did the TAM calculation. They were like, oh, this sounds interesting, and then they did the round. It was a small round, it was like, 1.65 million.”
Fred Turner Jul 18, 2026 ▶ 6:59 We Built Our Own Salesforce in Months. Here's Why We're Cancelling the $600K Contract | Curative CEO
Aug 20, 2026 neutral
Prediction Open · timeframe Aug 2031
O'Driscoll: a16z DOJ board investigation will resolve by exiting Fivetran board
“But my guess is it peters out into some version of the venture firm just saying, we'll take off the board member on Fivetrans, whatever, right?”
Rory O'Driscoll Aug 20, 2026 ▶ 1:13:27 Stripe's $8B OpenRouter Bet | Anthropic's First Profit & The Math Behind Reaching $600B in Revenue?
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