Andreessen Horowitz

“At an, you know, at a, 16 Z it's, we do, we don't do much of that anymore. We do some of that, but not, not as much because we have a bigger fund and we tend to focus on what's called series A and series B.”

“The traditional structure is basically that VC funds charge fees and then most of those fees go to the partner salaries. We don't, instead we put our fees towards these operating teams. So for our competitors to copy us, they'd have to kind of dramatically cha…”

“Actually, I mean, we don't, like, we don't do those kinds of investments for the most part.”

“I think it's series A, it's definitely, certainly people is 90% of it, and the idea is also important with the proviso that the idea will, at that point we know it will change so it's kind of more like You're investing in the general direction of the idea.”

“That, that's not something that we do. We really just don't even take control for the most part. Most of us do now. We don't, we couldn't fire the founders if we wanted to. Not that we do want to, but we couldn't.”

“We have over a hundred employees who are not investors at our firm, whose sole job it is to help companies do things like recruit employees you know build their, you know, their customers base.”

“I think you will see more and more of our kind of style. I think it will probably come from newer firms.”

“We kind of make the assumption that that's easier to learn than the opposite. Like it's easier to teach your computer science business and vice versa. You're never going to teach a business person computer science on the job, right? You have to go to school fo…”

“One obvious effect that this work and project has had on me is it's made me a little bit more libertarian than I used to be. So previously I would say politically I was pretty nonpartisan. I would have described myself in 2013 as say a business conservative wh…”

“So our model is what we call single trigger puller. There's no vote. There's no investment committee. There's no override. There's no, like, I don't, you know, I formally sign off on all, you know, Ben and I formally sign off on all the investments, but like, …”

“We're in the fluke business, right? Like the whole point of this is to get the flukes. And so of course that person should get full credit for the fluke, right? And in fact, I hope they go make 10 more investments and get another fluke.”

“I think we're going into a very interesting moment right now with you know, the AI czar is Sri Ram Krishnan, who, you know, used to be a general partner at Andreessen Horowitz, and I think that that's a very, very good thing. Like, we want people who have the …”