Andreessen

“Speaking of high IP businesses, literally, like, three weeks ago, Etched raised at ten billion. Today, they've announced they've raised seven hundred million at twenty-one billion from Jane Street, Kleiner, Sequoia, Andreessen.”

“In my opinion, I think there's only maybe three ways to build a venture firm. The first way is to have extremely strong brand and be a leader in the market. So thank Ponzo, Sequoia Andreessen, funds like that, where over decades they build a moat that is their…”

“When a top fund doesn't go all in, On an investment, it's such a bad signal. Not only is it bad if the tier, if the, if Andreessen does your seed and doesn't lead your array, that's the classic discussion we could have done on 20 VC in 2015. Right. But the sub…”

“That's where Sean's comment earlier about the personal connective tissue between the GP and the founder, the special founders, is why there will always be an advantage of the small early stage investor because, and I want to pick on anyone like Andreessen, but…”

“I don't think we're allowed to believe in luck at Andreessen. We have to see a hundred percent of the deals in our domain, and that we win a hundred percent of the deals that we go after.”

“And Andreessen hasn't had a fund below four, four X gross, gross. Hasn't had a fund below three X.”

“Andreessen's market share is higher than benchmarks in terms of that. That worked. And I wish Rotman, the guy from DST did. It's higher in terms of the great series A's, right? As a market share, but the hit rate is much lower.”

“The one lesson that I've learned from a lot of these deals, whether it's Thinking Machines or this or some others, is that although it's 500 or five billion on the sticker price when it's announced, there's actually several rounds before that Sequoia and Andre…”

“And I believe that at least General Atlantic, General Catalyst, Andreessen, maybe Insight, maybe Lightspeed, go public.”

“Harvey raises a hundred and fifty million bucks Eight billion dollar valuation led by our dear friends at Andreessen.”

“This is the world we live in today, and as investors, we'll live in for the next four to five years, right?”

“Even in the Andreessen portfolio, I was just thinking off the top of my head, we have three companies that are at the 104 companies at the hundred billion dollar mark, right? I mean, there's Stripe, Databricks, Coinbase, OpenAI.”

“Number one mega fund seed investor Was Andreessen with 72 seed deals, compared to number two was 27.”

“If you look on social media, benchmark isn't listed the way Andreessen and Sequoia was like it was a generation ago. It's just not, does it matter? Harry, Harry's built a big brand. He's concerned. It matters. You could argue both sides, but when the industry …”

“Typically when one of those three firms extends an offer to a company, they tend to win, unless they're competing with one of the two other ones, and then they tend to only lose to one of the other two.”

“If you look at where Andreessen, General Catalyst, a lot of those firms have kind of taken their model, it starts to look much more like an asset management firm than the Artisanal craft, you know, two hundred million dollar fund venture capital of the kind of…”

“In a less competitive time, the best firm in terms of percentage of total outcomes was Andreessen. They got 10% of the good outcomes. Benchmark got six, and everyone else bunches in the two, three, four, five percent rate, right? In other words, when there was…”

“So if you're Andreessen, a beauty to Andreessen at this point, certainly been true of Sequoia since we started is they see every deal. Andreessen sees every deal.”

“Do not listen for advice from people who've not done your job. That's my number one advice. It doesn't matter if you have a Investor from Sequoia or Andreessen. We've taken money from top investors, including Sequoia. It doesn't matter if you are a board membe…”

“Dude, so you just raised just over fifty million dollars from Andreessen, you know, one of the most well-known VCs in the world.”

“Sequoia will, it doesn't matter, by the way, I don't want to single out Sequoia here, but it doesn't matter if you take your check from Andreessen, Sequoia, Axel, you name them, right? They will never, they have no incentive to matchmake. They have no incentiv…”

“I think to some extent, to some of the big AI companies, you see the same thing, and so you see the big players like Andreessen, or you see Microsoft investing in OpenAI, like, you need really, really deep pockets to be successful. I think it's harder for the …”

“If I were to look over the past sort of five years, I think generally the Founders Fund decision making has led to Generally superior returns and also less gaffes in various ways, whether it's the, you know, sort of FTX type, you know, sort of fraud debacles, …”

“Yeah, strategy consultants, and honestly, the slowest executors are the VPs of product from big company. Who've never been a founder before, and they raise five on 25 from Andreessen. Three years of money, and it's just like, ah, the speed is not there.”

“No, we don't see in the last, you know, 20 seed deals they're not in there very often.”

“Without founders fund Andreessen, like leading that charge from a narrative and capital perspective, the ecosystem just simply wouldn't be here.”

“So we're lucky to be in a lot of the big names you would expect, you know, Sequoia, Kleiner Perkins, Andreessen, et cetera. And then, you know, there's some newer things as well that we've done in the past 10 or 15 years, like say, Green Oaks or Y Combinator i…”

“The people who were most engaged was Mike Vernal at Sequoia and Jeff Jordan and Andreessen. They read every document. Jeff actually even fixed some typos like deep in like a 50 page document.”

“I've had many rounds around, like three on 15, and then Andreessen come in and go, here's six on 30.”

“Things are not that bad. Like things are down overall about 30%. I wrote it up on Sastr. We had data from Altimeter. We had data from ChartMogul. We had data from Andreessen all the last two weeks. Things are about A third harder. Growth is down by about a thi…”

“And so they're my single worst investments. Those are my worst ones when they've spun out of any great company and they've raised five to seven. Because they're inherently slower because they're used to the processes of Twitter, of Facebook, the HR, the polici…”

“We contributed into this business at least as much as Andreessen contributed into this business”

“I think it's one of the reasons why you know, anybody with a Reasonably sized Twitter following probably gets a at least job interest, if not a job offer from Andreessen, right? Like they recognize that sort of micro celebrity appeal of being able to hire anyb…”

“Some examples of this, even like Andreessen has some of these where they have like, you know, Slack channels where they'll take the CROs of all their companies and dump them into Slack channel. It's not a good community. It's an attempt at trying to like coale…”

“I turned down Riverside. This company is fantastic. The product is amazing. What a mistake. I also turned down Descript, the editing tool, which Andreessen did.”

“The venture landscape had fundamentally changed. You were having this disruption where a barbell had formed, where on one end of that barbell, you have the Sequoia, Benchmark, Andreessen, Tiger Global, these like big name cache firms who, when they write a che…”

“Of course, if Sequoia or Excel or Andreessen or Lightspeed has two years of data and they don't preempt the A, of course it's a problem. Of course it's a bad signal. So that was a problem, and that exists today.”

“I've become close through Twitter with a lot of top tier partners at Andreessen and at tribe and at these different companies. And I basically say, look, I don't know jack shit about SAS. I don't know jack shit about B to B SAS. I don't know jack shit about sp…”

“Now, some absolutely can, and I think some will. Like, I think Andreessen and Sequoia will likely make that transition, but it's going to be extremely challenging.”

“The company did not raise 11, a hundred million dollar rounds from Sequoia and Andreessen and had its own sort of path through private equity and other things.”

“I think about thirty million dollars worth was that which is, I think, not, not a huge percent, and no one has, no one owns more than five percent of the supply from that.”

“Andreessen has made some very significant investments in LATAM over the last few years, in the likes of Loft, Jeeves, Pomelo, and Addy, to name a few.”

“A deal was announced and investment was announced. Andreessen, Sequoia, myself, and a few others. We did this thing called BitClout.”

“When they join the board, they own over 10%, you are anointed in a way that is transcendent. You will get pounded with inbound from the second tier and third tier firms who want to triple your valuation and give you twenty million bucks.”

“I think if you are in a top tier accelerator and you don't get funded quickly, there is a bit of a black star, a scarlet mark. It's not huge, but if you're, it's not just YC, but if you're in a top program, there's an assumption that Bessemer has an army of an…”

“Like if you can LP with Sequoia Greylock, Kleiner, Andreessen, you're probably going to get your money back. You know, that's almost like a mutual fund.”

“I do think that firms like Andreessen and Kleiner and Greylock have done a phenomenal job building services organizations. And there is no question that there is value in doing that. And then there are other firms like say benchmark who have done a terrific jo…”

“What I quickly learned is meeting with founders that weren't Part of the Sastra community, even back in a few years ago, was a complete waste of my time. I was completely undifferentiated as an investor. They didn't know who I was. Why not just go to Sequoia o…”

“Well, they were invested in by the likes of Andreessen, Google Ventures, Index, Slow Ventures, and many more of the world's best.”