a16z Rejects Consensus Voting to Avoid Reversion to the Mean
Scott Kupor · Scott Kupor - Andreessen Horowitz (First Meeting EP.07) · Sep 2, 2019 · at 29:44
Scott Kupor, Managing Partner of Andreessen Horowitz (a16z), explains the firm's non-consensus investment decision-making philosophy to Ted Seides.
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“We are decidedly not a consensus organization, so When we started, and Mark and Ben have been very true to this over time, is we said, look, we worry that if you go around the table and you ask people to vote, you end up with reversion to the mean type thinking or groupthink, right? And fundamentally, this is an outlier business, and so we expect that not every decision is going to be obvious to everybody.”
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