Good morning 👋
Love them or hate the, you can’t ignore what a16z has done to venture as an asset class.
They have eaten a larger percentage of new LP dollars, and they now manage billions in AUM
They are leading more unicorn investments than any other fund (by a wide margin)
They pioneered the ‘media is eating investment firms’ movement
They have no created the playbook on how to build ecosystems around an investment firm, and every multi-stage firm is desperately trying to copy what they’ve built
All of that, and they’ve only been around for 15 years.
They announced David Booth as their new head of ecosystem last week, and in his announcement post, he shared the flywheel of a16z as a firm
As somebody who loves studying flywheels, I loved going deeper on this and breaking it all down.
This one is long, so if you want to read it all, I would suggest reading it online so it doesn’t get clipped by Gmail.
Let’s get into it.
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