Andreessen Horowitz built a 150+ person operating platform providing recruiting, marketing, and technical support to portfolio companies, and transitioned from a traditional venture fund to a Registered Investment Advisor to make aggressive crypto investments and buy illiquid assets. The firm explicitly positions itself as "a media company now" that produces podcasts and research to capture founder mindshare, while using unusually large fund sizes to lead mega-rounds backing controversial, highly ambitious visions in frontier technology.
Investors AT THE FUND
Notable Investments
What Makes them Unique
Video Interview
On why the pitch deck may not be as important at early stages
"The pitch deck itself is not that important. For the most part, an investor is quickly scanning mostly an email or a blurb or a text or whatever is sent to decide, should I meet this company? Very few investors are actually looking at the deck in depth before the initial meeting."
On what investors are actually scanning before they take a meeting
"The most common thing that I see an investor do is open someone's LinkedIn, scan their recent experience and then look at the bio and some of the other information and then decide, should I meet here?"
On why founders should go wider than they think with their investor list
"People often make a list and it's like 20 or 30 funds. And we push people to make that 100 or 200 funds because there are lots of great investors and there are many more. In totality, there are like thousands of investors, actually."
On choosing the right investor over the highest price
"This valuation is one milestone on the way to a very long journey for the company. What's material is do you become a billion dollar company or do you not become a billion dollar company? The price of the seed round is actually less material in the long run."
On the value of fundraise preparation
"The time spent preparing for the fundraise is as important or maybe more important than the actual fundraising process. A well-choreographed, well-organized fundraising process can happen quickly and go extremely well. A poorly-choreographed one can take a long time and can be suboptimal."

























































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