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 10 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 predicts Adam Neumann's Flow will be a16z's best investment
“And I think it's going to end up being one of the best investments we ever made.”
a16z will invest in moatless products if consumer momentum is high
“I think that we would happily take a bet on a product that doesn't have a quote unquote moat or durability story. If it has, you know, a lot of momentum, a lot of craft, a lot of, you know, sort of growing engagement.”
a16z avoids seed-stage startups whose ideas are too small
“I think today we're almost seeing the opposite problem where, you know, an idea that's too small is not something that we want to engage with, and you can talk about how you put a hundred billion dollars to work in the seed productively.”
Horowitz: Rushing executive hiring causes founder deference and political empire-building
“So the first idea that was wrong was like, okay, build a team of like senior executives, you know, as soon as you get product market fit as fast as possible and they can scale the thing. And I think that you got to build that team slowly and deliberately kind …”
Horowitz: Invest in world-class strengths rather than lack of weakness
“And one of the things we emphasize inside the firm is to look like we're investing in strength. Not lack of weakness. Like, I want to know, like, how good, like, are they world-class? Do they have a world-class strength? And, you know, can that beat anybody? A…”
Horowitz: Some a16z companies grew from $0 to $800M in one year
“We have companies That, you know, went from zero to eight hundred million in a year, and that kind of thing, and so it's not a, I would say there's a basis for the prices going up, first of all.”
Horowitz refused Databricks' $200K pitch, offering a $10M check instead
“So I said, like, I'm not going to write you a check for 200,000 dollars. I'll write you a check for ten million dollars. Cause like this company, you need to build a company. You need to really go for it if you're going to do this. Otherwise, like you guys sho…”
Caldwell: Andreessen Horowitz passed on Instagram due to a conflict with Picplz
“And basically because Andreessen Horowitz had like invested in my company was on the board, even though they were investors in Instagram That was like a conflict and they didn't do the deal.”
Younis: a16z pioneered building investor gravity by publicly broadcasting ideas
“It's only a, 16 Z and a couple of other folks, John door who really kind of created the, Hey, I'm going to be the individual investor and I'm going to propagate a certain set of ideas and that's going It creates gravity within Silicon Valley and influence foun…”
Horowitz: Most of a16z's 600 employees exist to build founder networks
“We have 600 people at the firm, and why is that? Well, most of them are building that network for you, so you can call any CEO, or anybody in Washington, or, you know, kind of any executive, or that kind of thing, and get them on the phone, and they'll talk to…”