2009
A 2.5% management fee on Andreessen Horowitz's $300 million first fund equals about $7.5 million a year.
“So 2.5% of $300 million is $7.5 million a year. That's a lot of money.”
Topic
Andreessen Horowitz
28 facts from 8 episodes, in date order. These are what speakers said on the shows, each linked to the moment it was said. They aren't independently verified.
2009
The founders chose the abbreviation A16Z for Andreessen Horowitz, modeled on abbreviations like i18n, and it also sorts first alphabetically.
“And then once we get going, we transition from Andreessen Horowitz to A16Z, which is A to Z.”
2009
Fortune's July 2009 cover story announced Andreessen Horowitz's $300 million first fund.
“They announced Andreessen Horowitz's $300 million fund, which was very large at the time, especially for a first-time fund.”
2009
In September 2009 Andreessen Horowitz put $50 million into the Skype spin-out from eBay and bought about 1.8% of the company.
“But this is a case where they used $50 million to buy 1.8% of Skype.”
2009
Andreessen Horowitz raised $300 million for its first fund in 2009.
“they raised $300 million for fund one in 2009.”
2010
Andreessen Horowitz seeded Instagram, then chose to back the competitor Pick, Please at the Series A rather than Instagram.
“Andreessen, along with Baseline, does the seed in Instagram and then chooses at the series A in one of the most boneheaded decisions of all time”
2010
Andreessen Horowitz led the Series A of identity company Okta in early 2010.
“a great decision that they make in early 2010 is they lead the Series A of Okta, the identity company”
2010
Andreessen Horowitz raised a $650 million second fund in 2010, about a year after its $300 million first fund.
“One year after deploying an already large $300 million fund, they raise a $650 million second fund in 2010.”
2011
Airbnb raised a $112 million Series B from Andreessen Horowitz at a valuation above $1 billion.
“So that summer, we talked about fundraising. They raised $112 million Series B from Andreessen Horowitz at over a billion dollar valuation.”
2011
Andreessen Horowitz's $50 million Skype stake became about $153 million in roughly a year and a half.
“it was just a year and a half, it ended up turning into $153 million for them.”
2011
In early 2011 Andreessen Horowitz bought an estimated $80 million or more of pre-IPO secondary shares in companies like Facebook, Twitter and Groupon.
“they deploy what was I think like over 80 million dollars into buying pre IPO secondaries in these companies.”
2011
In April 2011 Andreessen Horowitz led the Series B of Tiny Speck, which was making the game Glitch and later became Slack.
“So then in April of 2011, they lead a hotly contested series B for a little gaming company, making a game called glitch.”
2011
In fall 2011 Andreessen Horowitz told Uber's Travis Kalanick it could only invest at a $220 million post-money valuation, down from the roughly $300 million originally agreed.
“they still want to do the deal, but they can only do $220 post, not $305 or $310 or whatever it was supposed to be.”
2011
Andreessen Horowitz's Uber term sheet included a large option pool refresh, which diluted existing shareholders and helped lead Travis Kalanick to reject it.
“And they put a huge new option pool refresh in there, which of course would dilute existing shareholders and particularly the entrepreneurs even more.”
2012
Andreessen Horowitz's $1.5 billion third fund, raised in January 2012, was about 7.5% of all venture money raised globally that year.
“So that one and a half billion dollar fund, get this, was seven and a half percent of all of the venture money raised globally in 2012.”
2013
After joining Andreessen Horowitz, Chris Dixon led a $25 million Series B in Coinbase in 2013 at a $150 million post-money valuation.
“And shortly after he gets there in 2013, he leads a Series B. Coinbase? $25 million in Coinbase at a 150 post.”
2013
In 2013 Andreessen Horowitz joined Google Ventures and Kleiner Perkins to form the Google Glass Collective, which shared deal flow but made no commitment to invest.
“With Google Ventures and Kleiner Perkins. To create the Google Glass Collective.”
2018
Andreessen Horowitz's $100 million investment in GitHub in 2012 is estimated to have returned about a billion dollars when Microsoft acquired GitHub in 2018.
“But I do know that they would end up making a billion dollars on this in this the ultimate sale to Microsoft in 2018.”
2018
Katie Haun, who co-led Andreessen Horowitz's first crypto fund, was previously a federal prosecutor who led the Mt. Gox case.
“She was a federal prosecutor at the DOJ, and she led the Mt. Gox case.”
2019
The Long-Term Stock Exchange had raised $68 million from venture funds including Andreessen Horowitz, Founders Fund and Floodgate.
“having raised $68 million from venture funds, including Andreessen Horowitz, Founders Fund, Floodgate, and many other top investors.”
2019
Jeff Jordan, who joined Andreessen Horowitz in 2011 and backed Airbnb and Pinterest, became a managing partner of the firm in 2019.
“He's done so well that in 2019, he actually became a managing partner.”
2021
With a $2.2 billion third crypto fund in 2021, Andreessen Horowitz's total capital under management reached just under $19 billion.
“bringing total capital under management to just a hair under $19 billion.”
2022
The host says Andreessen Horowitz managed roughly $30 to $40 billion about 13 years after its founding.
“And they're somewhere between 30 and 40 billion under management now in, in what, 13 years since founding.”
2023
Mitch Lasky says EVE Online raised $40 million, led by Andreessen Horowitz, to build a crypto-enabled version of the game.
“You saw EVE Online just raise 40 million, led by Andreessen Horowitz to make a crypto-enabled version of EVE.”
Undated
Solana Labs raised $314 million in a round led by Andreessen Horowitz and Polychain Capital.
“they recently raised $314 million, led by Andreessen Horowitz and Polychain”
Undated
Hadrian was the first formal investment of Andreessen Horowitz's American dynamism practice and builds automated machine shops for aerospace and defense manufacturing.
“Hadrian's a company where it was our first formal investment out of the American dynamism practice and it's a company that is building automated machine shops for aerospace and defense manufacturing”
Undated
Katherine Boyle argues American dynamism investing is not impact investing or ESG but a source of major returns and American innovation.
“it's not impact investing it's not ESG it's not just like oh well we're going to see incremental returns like it is going to be the source of American innovation”
Undated
Keycard was funded by boldstart ventures together with Andreessen Horowitz and others, according to Ed Sim.
“That's a company that we funded with our friends at Andreessen and a16C capital, uh, and some others.”
Episodes
- 26 Apr 2023Benchmark’s Mitch Lasky and Blake Robbins on The Art of Business in Gaming2h 17m
- 20 Jun 2022The Playbook: Lessons from 200+ Company Stories1h 5m
- 6 Jun 2022American Dynamism (with Katherine Boyle)1h 18m
- 10 Aug 2021Andreessen Horowitz Part II2h 55m
- 19 Jul 2021Special: Solana (with CEO Anatoly Yakovenko)1h 14m
- 11 Dec 2020Airbnb2h 41m
- 30 Dec 2019The Lean Startup and the Long-Term Stock Exchange (with Eric Ries)1h 25m
- 10 Aug 2026Enterprise AI Biggest Opportunities: A Top VC's Take55m