I am curious to see how a16z's investment results eventually pan out. I don't believe any of their funds have gone through a full cycle, nor have they experienced a down market, so its still too early to declare him a top dawg.
His "twitter schools" parrot things like Buffett's shareholder letters pretty closely ("When the tide goes out, we find out who's been swimming naked."), so at least at an intellectual level he gets it, but his investment behavior contrasts this strongly, where he seems willing to pay any price for growth. Unfortunately this is common in the investment world, where everyone is a value investor in words, but rarely in behavior.
I guess I am mostly interested to see how the "founder as rockstar" thesis that is central to a16z works in practice.
His "twitter schools" parrot things like Buffett's shareholder letters pretty closely ("When the tide goes out, we find out who's been swimming naked."), so at least at an intellectual level he gets it, but his investment behavior contrasts this strongly, where he seems willing to pay any price for growth. Unfortunately this is common in the investment world, where everyone is a value investor in words, but rarely in behavior.
I guess I am mostly interested to see how the "founder as rockstar" thesis that is central to a16z works in practice.