a16z Live a16z Growth's David George on His Frameworks for Late-Stage Investing
Oct 15, 2024
David George, head of the a16z Growth fund, dives into late-stage investing with a focus on identifying companies poised for explosive growth. He shares his unique mental models and insights on what makes a growth company, emphasizing the significance of inputs over outputs. The conversation covers the journey to going public, the transformative role of AI, and strategic R&D spending. David also reflects on his career path, discussing lessons learned and the importance of innovative business models in today's competitive market.
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Joining a16z After A Simulated Deal
- David George described joining a16z after simulating a deal discussion and attending partner sessions that impressed him.
- He highlighted the firm's rigorous, collaborative investment meetings and work ethic as decisive factors.
Product Uniqueness Beats Basic Unit Metrics
- David George added 'uniqueness of product' as the primary growth-investing criterion.
- He argues product quality drives market position and business-model strength.
Prioritize Upside Scenarios In Models
- Focus as much on the right-side upside scenarios as on downside protection when modeling investments.
- Devote diligence to how a company could scale massively, not just how to avoid loss.