a16z's @ConnorLoveCA on his thesis behind manufacturing as an asset class. “I think in the end, you won’t vertically integrate everything." "And so, in order to produce at the thousands or tens of thousands or hundreds of thousands of systems, you also need to redefine that supply tier in the middle.” “And I think the opportunity that exists, both from an investment perspective and almost as a prerequisite for the systems companies to be successful at scale, is that you need this middle layer of companies re-engineering and redefining everything." "From the actual material that comes out of the ground, to the actuator, the switch, the part, and then the subassembly and the system that makes all these things touch each other.” “We in Silicon Valley have been very much focused on these top systems companies. Now we need to go back and figure out how to actually enable that at scale." With @itsmoislam at the @NYSE