Marc Andreessen: belief

Transcript context

…And then I don't know, let's say crypto gets regulated or it's just not ready yet. It doesn't have to be crypto specifically. But what happens to a16z as a whole? I mean, does a whole firm carry on? Or? Look, it's up to our LPs. We raise money on a cycle. So our LPs have an option every cycle to not continue to invest. Just logically the firm is somewhat diversified now. We have six primary investment domains. So at least in theory, we have some diversification across categories. At least in theory, we could lose a category or two and the investment returns could still be good, and the investors will still fund us. The downside case from there would be that those categories are actually more correlated than we would want them to be. As a firm, we have a big focus on software, we think software is a wedge across each of those verticals. Maybe AI turns out for whatever reason not to work, or gets outlawed or something or just fundamentally makes economics worse or something. Then you can imagine that hitting multiple sectors. Again, I don't think that's going to happen, but I guess it's a possibility. Yeah. What did the old management of Twitter fail to see about the potential of the platform?…

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