Navigating Margin Compression and Investment Dynamics

Alright, backstory's out of the way, and Acquired is rolling three hours deep on the venture firm that changed the game for everyone — a16z.

• VC marketing? Check.
• "Founder-friendly?" Check.
• Platform services? Check.
• Huge valuations and massive fund sizes? Check and check.

We dissect it all in glorious detail, right down to the famous office library (located next to the Rosewood on Sand Hill, natch). The story of modern venture capital starts here. Let's Go!!!

Sponsors:

• Sierra: https://bit.ly/acquiredsierra
• Sentry: https://bit.ly/acquiredsentry
• Anthropic: https://bit.ly/acquiredclaude25
• Vanta: https://vanta.com/acquired 

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Links:

• Michael Mauboussin on persistence of returns across asset classes:  https://www.morganstanley.com/im/publication/insights/articles/articles_publictoprivateequityintheusalongtermlook_us.pdf
• Tomorrow's Advance Man:  https://www.newyorker.com/magazine/2015/05/18/tomorrows-advance-man
• Episode sources:  https://docs.google.com/document/d/12jf9pwTdEuANtdOffUzSzvE0xEJptT0Or-gBSJgk8mg/edit?usp=sharing

 Carve Outs:

• Childhood's End:  https://www.amazon.com/Childhoods-End-Arthur-C-Clarke/dp/110196703X
• MKBHD's Studio channel and tour: https://www.youtube.com/watch?v=pkuxIy3kFZM
• The Godfather: https://www.imdb.com/title/tt0068646/
• Who Got the Truth on Spotify!!  https://open.spotify.com/track/03X7SwpsCjZIofK8RFPwch?si=649d93b2be7743d5

‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.