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Dixon: Raising massive capital creates a defensive moat in AI

Chris Dixon · Chris Dixon on How to Build Networks, Movements, and AI-Native Products · Sep 10, 2025 · at 14:42

Chris Dixon, General Partner at Andreessen Horowitz, explains how fundraising scale operates as a primary defensive moat for leading AI startups.

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“The capital effects in AI, right? You do well, you raise the most money. I, you know, I assume the people raising a billion have already, you know, proven a bunch of things, and at some point the capital becomes a moat, right?”

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