a16z, also known as Andreessen Horowitz, a venture capital firm in Silicon Valley, California that backs bold entrepreneurs building the future through technology, was founded in 2009 by Marc Andreessen and Ben Horowitz. They are stage agnostic; investing in seed to late-stage companies, and both consumer and enterprise technology companies. As of 2019, a16z has $10B in assets under management across multiple funds, including the $650M Bio funds, the $350M Crypto fund, and the Cultural Leadership Fund.
a16z is defined by respect for the entrepreneur and the entrepreneurial company building process. The firm is led by general partners, many of whom are former founders/operators, CEOs, or CTOs of successful technology companies, and who have domain expertise ranging from biology to crypto to distributed systems to security to marketplaces to financial services.
They aim to connect entrepreneurs, investors, executives, engineers, academics, industry experts, and others in the technology ecosystem and have built a network of experts including technical and executive talent; top media and marketing resources; Fortune 500/Global 2000 companies; as well as other technology decision makers, influencers, and key opinion leaders. a16z uses this network as part of their commitment to help portfolio companies grow their business.1
In 2019, Li Jin, Avery Segal, and Bennett Carroccio published with a16z, a report noting that Americans listening weekly to podcasts grew from 7% in 2013 to 22% in 2019. 65% of monthly podcast listeners have been listening for less than 3 years.2