The founding partner of Silicon Valley investment firm Andreessen Horowitz, Ben Horowitz, recently gave a great presentation at the DLD conference in Munich.
Ben explained how Andreessen Horowitz chooses its investments.
Specifically, he laid out what might be described as a “magic formula” for building humongous, world-dominating, dynastic-wealth-creating tech companies.
Here’s his presentation…
Ben Horowitz is not just an amazingly successful investor. He is also an entrepreneur. So he has seen this game from both sides...
Andreessen Horowitz looks at 2,400 qualified (pre-screened) investment opportunities a year. It invests in 1 in 100.
In fact, Horowitz says, dropping out of college can be a sign of all three key characteristics: brilliance, courage, and a breakthrough idea (an idea good enough to make a smart person walk away from guaranteed success).
And Facebook! It was obvious to almost everyone who looked at Facebook that Facebook was just a silly fad that would never be a business. Facebook, for example, was obviously just a poor clone of the amazing MySpace..
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