Andreessen Horowitz Makes a $3 Billion Bet Against the AI Bubble
View original at finance.yahoo.comAndreessen Horowitz Makes a $3 Billion Bet Against the AI Bubble Photographer: Manuel Orbegozo/Bloomberg (Bloomberg) -- An artificial intelligence startup that helps developers write and debug code is now worth nearly as much as United Airlines…
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Not worried about an AI bubble because the technology is real and demand is real
80% confidencea16z invests much before crazy valuations typically
80% confidencePrivate valuations are crazy
80% confidenceMira Murati created ChatGPT
80% confidenceHe recruited Matt Bornstein by saying to come win deals instead of losing deals
80% confidenceThe infrastructure fund is one of the best funds he's ever seen
80% confidenceHe grew up very poor as a weird European family in a western town
80% confidenceSometimes you can be absolutely right and not rich
80% confidenceMartin Casado has completely replaced him as infrastructure expert
80% confidenceThere's going to be a bunch of companies that don't work, with fewer winners than people assume but they are much larger than people assume
80% confidenceA lot of venture capitalists were hired from investment banking, but Martin didn't care about conventional wisdom or background when building his team
80% confidencea16z talked themselves out of investing in neocloud providers stupidly
80% confidenceIt's too early to make any judgments about the fund's performance, which is usually assessed on a decade-long time horizon
80% confidenceShe was impressed that Martin Casado actually understood world models
80% confidencePeople joke that she works Martin really hard
80% confidenceSome of the most important companies of tomorrow will be infrastructure companies
80% confidenceFire drills and battles at startups is what she loves about startups
80% confidence