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 30 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 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
Horowitz: Biden administration sued to block a16z portfolio's Sanofi drug deal
“We have a company with an incredible drug platform. They cured. A rare disease, like past phase one clinical trials, carried it, sell the drug to Sanofi because, you know, so they can get some of the money back to develop more things, and the Biden administrat…”
Casado: AI startups are the fastest-growing companies in internet history
“We're seeing the fastest growing companies we've seen in the history of the internet, including, by the way, the internet itself. And this is by measure for revenue or the number of users, et cetera, right?”
Horowitz: a16z captured 18.3% of all US venture capital in 2025
“And so this last year, 25, about 18 point, what is it, 18.3% of all venture capital raised in the U.S. Was raised by us.”
Andreessen: All a16z general partners must be former founders or CEOs
“We decided that the general partners at Andreessen Horowitz would all be people who had been founders or CEOs or both of tech startups”
Andreessen: Adjusted for delayed IPOs, capital flowing into tech is flat
“In our deck we basically show if you adjust for the IPOs that aren't happening and the companies are staying private, it's basically, it's almost a flat amount of money actually flowing into tech.”
George: Aggregate unicorn market cap reached $3.5 trillion, growing 7x in a decade
“If you take the market cap of, you know, the private markets valued above a billion dollars, you know, we could argue are some of them overvalued, undervalued but that whole value in aggregate Is like three and a half trillion dollars, and that's like 11%, thr…”
Ulevitch: a16z Will Shift Defense Investments Into Mining and Supply Chains
“I think as you look to the future, I mean, everyone has their own view of what the future will look like for American dynamism, but I think we, you'll see us increasingly shift left. That's why we look at minerals and we look at critical, critical minerals and…”
Google Gemini reaches half of ChatGPT's mobile app traffic
“Gemini was number two. It was right behind ChatGPT. It has just about 10% of ChatGPT's traffic on web, but it's much closer on mobile. It's like half of ChatGPT's traffic on the mobile app, which is interesting. It's mostly Android users, which I think you wou…”
Only 5-6 GenAI apps overlap between top 50 web and mobile lists
“I think there was only five or six companies that made both lists.”
Multiple top mobile AI apps are copycat wrappers arbitraging OpenAI's models
“So there are quite a few apps on our mobile app list that are essentially copycat products and using OpenAI's own model, but are named slightly differently, and are just kind of playing this, like, maybe short to medium term arbitrage on App Store optimization…”
Cooper: Any Andreessen Horowitz GP can independently approve investments
“Here at Injuries and Horowitz, we do things differently, which is as long as people follow the process, you know, consistently, you know, any single general partner has the ability to ultimately make a decision to invest and go on the board of a company.”
a16z fines partners $10 per minute for being late to founder meetings
“If you're late to meeting with an entrepreneur at Andreessen Horowitz, 10 dollars a minute.”
Chris Lyons: Andreessen Horowitz was modeled after CAA's service model
“The firm was actually built off Of CAA's model, and Ovitz was on the board of Mark and Ben's company, and so that's where they originally got the idea for A-sixteen Z and having a service-based model”
Rampell: a16z Originally Required All Check Writers to Be Founders
“The firm originally was the only people that we will have write checks are people that have run a company or started a company.”
a16z raised its first $300M fund in three months during 2009 downturn
“And then I think, if I remember correctly, you had done it in three months, which at the time seemed very spectacular because there was no money.”
Most top consumer AI apps rely on third-party models
“More than half of them are actually hosting or using other people's models or are model aggregators.”
Horowitz: a16z operates as seven distinct practices on shared infrastructure
“We've basically recreated the original Fund One seven times, so every team is like The original Andreessen Horowitz. So we really have like seven Andreessen Horwitzes, but with common infrastructure you know, common LP relations, common brand, common culture.”
Ulevitch: Andreessen Horowitz is the world's largest venture capital firm
“I think we are the largest venture capital firm in the world.”
Moore: Top AI mobile apps by usage and revenue only overlap 40%
“So for the first time, we actually ranked the top 50 by What Sensor Tower can measure as mobile revenue, which is typically in-app purchases and subscriptions, so probably not ads. And we ranked those separately from what has the most monthly active users. And…”
Moore: Three AI companion products ranked in the GenAI 100 top 10
“I think we had three companion products in the top 10. Two of them were NSFW oriented.”
Haber: Tenor reduces patient intake admin costs by 90%
“We have a company, you know, it's an example called Tenor that is doing this in a healthcare context. So, you know, the problem that they're solving specifically is is around patient referrals. So you go to your general practitioner, they're referring you to a…”
Tornberg: a16z to deploy internal media experts to portfolio startups
“Now that we've had them build art platforms, we're going to deploy them to work on behalf of our companies.”
Horowitz: Andreessen Horowitz's First Fund Was $300M and Took 6 Months
“When Mark and I raised Fund One, it was a three hundred million dollar fund. I think it took about six months to raise.”
Google AI Studio ranks in top 10 consumer AI web apps
“The other big debut for Google was a little more surprising to me. It's actually AI Studio, which is Google's developer-facing sandbox. So that's where engineers go when they want to build things and test out Google models. So that hit in the top 10 as well.”
Moore: Plant ID apps ranked high in mobile AI revenue, not usage
“One example of a category that did appear on the mobile revenue list, but was not on mobile usage, Was several plant identification apps.”
AI companion apps on a16z's top web list grew from 2 to 8
“I think on the first list there were two companion products, and I think there were eight on the most recent one.”
a16z employs around 100 operating experts to support founders
“We have about a hundred people who have expertise in a particular field, and their job is to have to be available to the founders”
Andreessen Horowitz Launched Its First Fund in 2009 With 20 LPs
“So the firm was started, we raised the first fund in 2009 which was in the height of the stock market, the depths of the stock market crash after the height of the financial crisis of 2008, and then yeah, so we had the first LP meeting in two, 20 10, so this i…”