$ANDREESSEN-HOROWITZ · a16z GP frames late-stage venture as $5T founder-centric asset class outperforming public markets

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a16z GP frames late-stage venture as $5T founder-centric asset class outperforming public markets

2026-06-24 · 5 company · 6 thematic

sentiment

5 bull0 bear0 neu

speakers

david george

David George leads the growth investing team at Andreessen Horowitz, managing $22 billion across five funds; he focuses on late-stage venture investments in founder-led companies like SpaceX and articulates the thesis for late-stage venture as a distinct asset class.

andrew feldman

Leads Cerebras, a public company (CBRS) building wafer-scale AI inference chips; previously co-founded SeaMicro (acquired by AMD); describes $25B backlog and global data center buildout at unprecedented scale.

hock tan

celine

Celine manages an actively managed ETF focused on robotics and automation, with SK Hynix as a top holding; she specializes in AI infrastructure, memory chips, and the intersection of physical AI with compute demand.

quote

“LATE STAGE VENTURE, WHICH IS OUR ASSET CLASS, IS NOT ABOUT CAPITAL MARKETS. IT IS ABOUT LATE STAGE FOUNDERS. ENABLING THEM TO THINK LONG-TERM AND MAKE BIG BETS AND OFTEN THEY CHOOSE TO DO THAT IN PRIVATE MARKETS SO OUR ASSET CLASS THAT WE…”

—david george

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