Horowitz: Rival VCs heavily criticized Andreessen Horowitz's GitHub investment for overpaying
Ben Horowitz · a16z Podcast | Earned Secrets · Jan 2, 2019 · at 0:51
Ben Horowitz, co-founder of Andreessen Horowitz, discusses market skepticism surrounding a16z's initial investment in GitHub prior to its acquisition by Microsoft.
0:00 / 0:21exact quote · 21.3s
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“This one probably got the most criticism, particularly from other VCs when we made it. It was, they way overpaid, you know, businesses like that will never be worth a, rational was, went for the most money ever in that space, and they'll never make their money out of it, like. It's ridiculous to put that big a check in anything, like, what are you doing?”
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