Andreessen Horowitz

Why Andreessen Horowitz Is Still Betting Big On Crypto

Apr 22, 2026 · 50:25

Ali Yahya, general partner at Andreessen Horowitz (a16z), explains why AI and crypto are converging faster than predicted, with privacy emerging as a key defensive moat for crypto startups. He defines AGI as the point when an agent can be fully economically independent and outlines five stages of autonomous commerce, from automated payments to agent-to-agent transactions. Yahya is skeptical about AI agents trading for consumers—since everyone using ChatGPT eliminates alpha—but sees potential for professionals with proprietary data. He notes that a16z's 70-person platform team provides legal, research, and go-to-market support, and that the cost of entry has collapsed, letting founders test ideas with smaller teams before raising capital. He also highlights prediction markets, now legal in the US, as a growing category and recommends robotics as the next frontier, calling physical intelligence a 10–15 year arc offering time for newcomers to enter.

A16Z Partner: Why "Just Capital" Is Not Enough Anymore (The Firm of 2030) | David Haber

Jan 25, 2026 · 56:58

David Haber, a16z general partner, argues most venture investors run funds but few build firms, and explains how a16z operates as a firm with compounding competitive advantage. The firm reinvests fees into a 600-person platform giving founders distribution, credibility, and leverage. Haber shares his founder story: Bond Street raised $900M in debt, sold to Goldman Sachs, teaching him inside a 40,000-person organization. On AI, he says software becomes labor, expanding TAM beyond IT spend—portfolio company Salient's voice agents achieve 50% better collection rates. He also highlights a16z's decentralized model with no single CIO, where specialist partners run divisions, making the firm more resilient than traditional funds.

This Is How AI Will Reshape Startups Forever | Henry Ward, Co-Founder of Carta

Nov 2, 2025 · 47:52

Henry Ward, co-founder and CEO of Carta, explains how AI is reshaping startups and Carta itself — inverting the source of truth back from data to paper by using LLMs to reconstruct cap tables from legal documents. He shares the early hack that got Carta its first users: offering discounted 409(a) valuations through VC portfolio companies. Ward advises founders to diligence investors by talking to founders who exited with them, warns that seed investors often turn on founders in M&A, and notes the VC market is becoming bimodal — large funds get larger while small emerging managers exploit niches. Carta is now expanding into private equity and credit, which he says are 6–8x larger than venture, and opening offices globally. He also recounts meeting Marc Andreessen, who admitted his firm made a mistake passing on earlier Carta rounds, exemplifying the humility Ward admires.