Kyle Harrison, General Partner at Contrary, evaluates the overall quality and performance across the venture capital industry following a market correction.
Opinion
Harrison: Andreessen Horowitz's executive Slack channels fail as genuine communities
“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…”
Assertion Not checkable as stated
Harrison: Venture capitalists are avoiding self-criticism following the market crash
“I thought that it would be more humbling for more people I think that there's been this sort of, like, suspension of criticism. Like, people are desperately trying to avoid having to come to grips with what they did, basically, like, with what a lot of people …”
Prediction Not checkable as stated
Harrison: Venture fund economic models will crumble under market pressures
“Like there are economic models that are going to crumble under the pressure of the market that we're going into now.”
Prediction Not checkable as stated
Harrison: The failure rate of venture capital funds will accelerate
“So maybe it took multiple decades for a firm to die in the sixties and seventies and whatever eighties, maybe it took it, maybe it's taking a decade, you know, nowadays or last few years, I think that that pace is going to increase. Like information gets disse…”
Assertion Not checkable as stated
Harrison: Andreessen Horowitz actively recruits individuals with large Twitter followings
“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…”
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…”