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