The Evolution of Horowitz Venture Capital

The firm is now a collection of the original and recent Horowitz where every market has a platform that's appropriate to that market. And so your product you're not like he and his success. Yes, totally. So we kind of saw that from the outset. I think that that's the future venture capital. Like when we think about who's really an interesting competitor, it's the pure crypto firm,. The pure games firm, the pure AI firm, more than the generalist firm That's going to be harder for them with the old structure.

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Ben Horowitz, co-founder of Andreessen Horowitz (a16z) and one of the most influential venture capitalists of the last decade, joins Erik for the inaugural episode of Turpentine VC. If you’re looking to make fund administration easy and intuitive, check out: http://carta.com/turpentine

We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.

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TIMESTAMPS:

(00:00) Episode Preview

(02:25) Ben on what allows the legendary VC firms to be great for multi-decades

(03:37) a16z’s unique product-first, investor-second approach

(04:34) YC as a16z’s closest spiritual analog

(06:20) The strategy behind how Ben and Marc set up their firm structure

(08:12) Ben on why venture firms should stay private

(09:32) How a16z scaled their fund sizes to market opportunities

(10:54) Why a16z chose to go bigger than Benchmark or USV on fund size