a16z’s @david__booth says venture hits diminishing returns when you keep adding partners, because the real compounding asset is the network: "Many firms will scale by adding more partners, more head count, and there's a law of diminishing returns that kicks in. This firm delivers value because it's a network-driven firm." "All the software to date has been very internal facing. This was the first time we've done a drop of this nature in public." "Context capture is no longer a technology problem. Anybody can scrape the internet. It's actually an incentive problem. What can you build that people want to give value to because they get value from?" @cosign @a16z

@a16z @camillevanhorne More from me + @omooretweets on how Highstock works and why we invested. If you're a brand looking to give excess inventory a second life - or a buyer looking for supply - give @highstock_x a look 👀

a16z creates a $1.1B Machine Age fund focusing on hardware to "open the throttle and accelerate the physical buildout of AI" (@sokane1 / TechCrunch) (Visit Techmeme dot com for the link and full context!)

a16z's Martin Casado, Matt Bornstein, and Sarah Wang on the Cursor story: In 2023, four MIT dropouts released a fork of Microsoft's code editor. Microsoft owned VS Code, GitHub, the OpenAI weights, and had the best enterprise distribution in software history. And despite this, Cursor won. A rotating cast of competitors were supposed to crush Cursor. The company blew past every forecast it gave its investors. In this episode, Martin, Matt, and Sarah break down how it happened: why Cursor initially refused to train its own model, how they kept evolving their own product three times in two years, and how they built the fastest-growing sales team any of them has ever seen. 00:00 Intro 01:19 AI coding before agents 03:30 "Code in the future will look like pseudocode" 04:55 The pitch meeting that was 90% "no" 06:14 Why Cursor didn't build its own model 08:15 What Michael Truell does for fun 11:24 The growth assumptions Cursor broke 12:13 Competing with Microsoft 14:45 At dinner with John Schulman 15:40 The competitors that couldn't kill Cursor 17:33 Michael Truell on Claude Code 19:14 Cannibalizing yourself 3x in two years 20:09 Why the gross margin critics were wrong 22:08 The sales team they never wanted 25:40 Hiring AEs like engineers 31:00 How their office suits their product 33:19 Why Cursor and Elon fit 35:15 How Cursor got good at M&A YouTube: @martin_casado @BornsteinMatt @sarahdingwang

a16z’s Borderless Founder network initiative supports immigrant and international founders. 'Having one foot in your home country, and one foot in Silicon Valley," is an advantage, the firm believes.

a16z infra had two of the biggest exits of all time in the span of a week with cursor and open router. in kanye terms this is dropping watch the throne after dark fantasy largest shareholder in both btw

a16z appears to be buying and staking large amounts of $HYPE! A wallet linked to a16z (0xb5E4) bought 1.588M $HYPE($67.46M) over the past month and staked 1.3M $HYPE($51.2M) across multiple wallets.

A16z Crypto’s new fund is less than half the size of its 2022 offering, but its pitch is more disciplined: back the parts of crypto that are actually being used. 📸: Ethan Pines for Forbes