Andreessen

“Well, they were invested in by the likes of Andreessen, Google Ventures, Index, Slow Ventures, and many more of the world's best.”

“What I quickly learned is meeting with founders that weren't Part of the Sastra community, even back in a few years ago, was a complete waste of my time. I was completely undifferentiated as an investor. They didn't know who I was. Why not just go to Sequoia o…”

“I do think that firms like Andreessen and Kleiner and Greylock have done a phenomenal job building services organizations. And there is no question that there is value in doing that. And then there are other firms like say benchmark who have done a terrific jo…”

“Like if you can LP with Sequoia Greylock, Kleiner, Andreessen, you're probably going to get your money back. You know, that's almost like a mutual fund.”

“Andreessen has made some very significant investments in LATAM over the last few years, in the likes of Loft, Jeeves, Pomelo, and Addy, to name a few.”

“Now, some absolutely can, and I think some will. Like, I think Andreessen and Sequoia will likely make that transition, but it's going to be extremely challenging.”

“Of course, if Sequoia or Excel or Andreessen or Lightspeed has two years of data and they don't preempt the A, of course it's a problem. Of course it's a bad signal. So that was a problem, and that exists today.”

“I turned down Riverside. This company is fantastic. The product is amazing. What a mistake. I also turned down Descript, the editing tool, which Andreessen did.”

“I think it's one of the reasons why you know, anybody with a Reasonably sized Twitter following probably gets a at least job interest, if not a job offer from Andreessen, right? Like they recognize that sort of micro celebrity appeal of being able to hire anyb…”

“Some examples of this, even like Andreessen has some of these where they have like, you know, Slack channels where they'll take the CROs of all their companies and dump them into Slack channel. It's not a good community. It's an attempt at trying to like coale…”

“And so they're my single worst investments. Those are my worst ones when they've spun out of any great company and they've raised five to seven. Because they're inherently slower because they're used to the processes of Twitter, of Facebook, the HR, the polici…”

“I've had many rounds around, like three on 15, and then Andreessen come in and go, here's six on 30.”

“The people who were most engaged was Mike Vernal at Sequoia and Jeff Jordan and Andreessen. They read every document. Jeff actually even fixed some typos like deep in like a 50 page document.”

“So we're lucky to be in a lot of the big names you would expect, you know, Sequoia, Kleiner Perkins, Andreessen, et cetera. And then, you know, there's some newer things as well that we've done in the past 10 or 15 years, like say, Green Oaks or Y Combinator i…”

“No, we don't see in the last, you know, 20 seed deals they're not in there very often.”

“Yeah, strategy consultants, and honestly, the slowest executors are the VPs of product from big company. Who've never been a founder before, and they raise five on 25 from Andreessen. Three years of money, and it's just like, ah, the speed is not there.”

“If I were to look over the past sort of five years, I think generally the Founders Fund decision making has led to Generally superior returns and also less gaffes in various ways, whether it's the, you know, sort of FTX type, you know, sort of fraud debacles, …”

“Sequoia will, it doesn't matter, by the way, I don't want to single out Sequoia here, but it doesn't matter if you take your check from Andreessen, Sequoia, Axel, you name them, right? They will never, they have no incentive to matchmake. They have no incentiv…”

“So if you're Andreessen, a beauty to Andreessen at this point, certainly been true of Sequoia since we started is they see every deal. Andreessen sees every deal.”

“In a less competitive time, the best firm in terms of percentage of total outcomes was Andreessen. They got 10% of the good outcomes. Benchmark got six, and everyone else bunches in the two, three, four, five percent rate, right? In other words, when there was…”

“If you look on social media, benchmark isn't listed the way Andreessen and Sequoia was like it was a generation ago. It's just not, does it matter? Harry, Harry's built a big brand. He's concerned. It matters. You could argue both sides, but when the industry …”

“Number one mega fund seed investor Was Andreessen with 72 seed deals, compared to number two was 27.”

“This is the world we live in today, and as investors, we'll live in for the next four to five years, right?”

“Harvey raises a hundred and fifty million bucks Eight billion dollar valuation led by our dear friends at Andreessen.”

“The one lesson that I've learned from a lot of these deals, whether it's Thinking Machines or this or some others, is that although it's 500 or five billion on the sticker price when it's announced, there's actually several rounds before that Sequoia and Andre…”

“And Andreessen hasn't had a fund below four, four X gross, gross. Hasn't had a fund below three X.”

“Andreessen's market share is higher than benchmarks in terms of that. That worked. And I wish Rotman, the guy from DST did. It's higher in terms of the great series A's, right? As a market share, but the hit rate is much lower.”

“I don't think we're allowed to believe in luck at Andreessen. We have to see a hundred percent of the deals in our domain, and that we win a hundred percent of the deals that we go after.”

“When a top fund doesn't go all in, On an investment, it's such a bad signal. Not only is it bad if the tier, if the, if Andreessen does your seed and doesn't lead your array, that's the classic discussion we could have done on 20 VC in 2015. Right. But the sub…”

“Speaking of high IP businesses, literally, like, three weeks ago, Etched raised at ten billion. Today, they've announced they've raised seven hundred million at twenty-one billion from Jane Street, Kleiner, Sequoia, Andreessen.”