The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 183 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 3 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
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”
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.”
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 …”
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.”
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,”
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.”
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…”
McKinnon: Okta was Andreessen Horowitz's first VC fund investment
“Like we were their first investment actually as a fund.”
Lavingia: Andreessen Horowitz isn't worried about rolling funds competing with them
“Andreessen Horowitz is not worried about rolling funds taking away their business.”
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.”
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?”
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.”
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…”
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…”
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”
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…”
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.”
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.”
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…”
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,…”
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 …”
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.”
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.”
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”
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…”
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…”
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.”
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.”
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.”
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…”
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.”
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 …”
Andreessen Horowitz employs 150 operating partners, according to Roger Dickey
“I think they have a 150 operating partners at the firm.”
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.”
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.”
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”
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.”