David Rosenthal: belief

Transcript context

…Yeah, and I think we can finally put to bed that leaked data in 2016. It's not that the data was wrong and all, but the conclusion of all people's analyses, for the brand that they have, Andreessen and Horowitz is way under performing. Gosh they're only going at 2X or 2.something and you're like, okay, we don't know yet. If you would analyze Coinbase in 2016, would you have been able to determine that it's going to whatever gigantic multiple was on that fund just from that one company? There's no way you would have been able to. The apples take longer than lemons to ripen. I skipped over that [...] for time, but it was a Wall Street Journal article that was so clearly a headpiece planted by rival venture firms with a bunch of quotes from LPs and stuff. I think the headline of the articles are something like, despite loss or whatever, Andreessen returns are average. I don't have much more to add. Frankly, I guess I would throw an A on it, but the plus being if we ever got clearer data. For what a challenge it was to break in and challenge the incumbent in such a short time frame, it's remarkable how well they've done.…

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