Casado: Ignore TAM and valuation when investing during fast-moving tech booms
Martin Casado · Jack Altman & Martin Casado on the Future of Venture Capital · Sep 3, 2025 · at 46:26
Martin Casado, General Partner at Andreessen Horowitz (a16z), discusses why standard venture modeling like addressable market size breaks down during fast-moving platform shifts like AI.
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“I think in these times where you don't know the TAM and things are moving quickly, you definitely want to pick the best team. I don't think you should overthink the space, but like asking questions about like TAM or valuation or value makes a lot less sense because that's actually what's uncertain.”
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