Keep pulling the thread on David George.
The total committed capital across all five of Andreessen Horowitz's (A16Z) growth funds is approximately $22 billion.
The total market capitalization of highly valued private technology companies, at approximately $5 trillion, is equivalent to almost a quarter of the S&P 500's market cap.
The $5 trillion market capitalization of highly valued private technology companies is equivalent to 15% of the NASDAQ's market cap, or 40% if the Magnificent Seven are excluded.
SpaceX has successfully used twice-a-year tender offers to maintain high employee satisfaction, hiring ability, and retention while remaining a private company.
The Andreessen Horowitz (A16Z) Growth Fund's portfolio, on average, is growing at 100% and was invested in at a 21 times revenue multiple.
Databricks is still growing at over 60% year-over-year.
Andreessen Horowitz (A16Z) was the largest buyer in the IPO of its portfolio company Samsara at the end of 2021.
Andreessen Horowitz (A16Z) is an investor in companies that represent approximately two-thirds of the aggregate revenue of the private AI market.
David George predicts that by 2026, the combined annual added revenue of OpenAI and Anthropic will surpass the total annual added revenue of the entire incumbent software market, including SAP, Intuit, Salesforce, Workday, and ServiceNow.
The Andreessen Horowitz (A16Z) Growth Fund's portfolio includes investments in Databricks, Stripe, SpaceX, OpenAI, Waymo, Roblox, and Figma.
Approximately 50% of the Andreessen Horowitz (A16Z) Growth Fund's investments originate from its early-stage funds, while the other 50% are new investments.
Joe Weisenthal predicts that 2026 could be a significant year for mega IPOs, with potential listings from companies like SpaceX and major AI labs.