20VC: a16z’s David George on Leading a16z’s Growth Fund Today, The Biggest Misconceptions of Growth Investing, How a16z Think Through Portfolio Construction, Investment Decision-Making and Scenario Planning & How The Entrance of New Players Has Changed The Game For Growth Investors

David George is a Basic Companion @ Andreessen Horowitz the place he leads their development investing follow. Since becoming a member of in 2019 David has invested within the likes of Clubhouse, Coinbase, Databricks, Figma, Instacart, Robinhood and TripActions simply to call just a few. David additionally sits on the board of Present, Greenlight, and Workrise. Previous to a16z, David spent 7 years development investing at Basic Atlantic the place he invested within the likes of Airbnb, Crowdstrike, Opendoor, Slack and Uber.

In As we speak’s Episode with David George You Will Study:

1.) How David made his approach into the world of development investing with Basic Atlantic and the way that led to his main the latest iteration of a16z development funds? What have been David’s greatest takeaways from his time with Basic Atlantic? How did it affect his investing?

2.) Misconceptions of Development Investing: Why does David imagine that nice enterprise fashions are desk stakes at development in the present day? What provides the perfect the sting? Why does David imagine that folks over-rotate on TAM? Why is it deceptive in some ways? What’s the proper option to assess TAM at development in the present day? What does David search for when digging into unit economics? When is the correct time to give attention to unit economics?

3.) Portfolio Building and Situation Planning: How does David take into consideration portfolio development with the brand new a16z development fund? What’s the proper degree of diversification? How does David take into consideration loss ratio in the present day? How does David strategy end result situation planning? What’s a beautiful degree of upside for David to interact at development? How has that expectation modified over time?

4.) Valuations and Crossover Funds: How does David assess the valuation panorama in the present day? How does David decide whether or not he pays up or sit out on an funding? How has the rise of crossover funds, PE funds and hedge funds getting into development impacted the valuations being paid and the funding course of itself? What does David make of those new entrants? What challenges do they create?

5.) Funding Choice-Making: How do a16z strategy decision-making at development? Who’s on the core IC? Why does David strongly imagine within the single set off mannequin in enterprise in relation to decision-making? What are the largest causes for politics in enterprise corporations in the present day? What may be finished to mitigate them?

Merchandise’s Talked about In As we speak’s Episode with David George

David’s Favorite E book: Rising Returns To Scale

David’s Most Current Funding: Loom