Marc Andreessen, co-founder of Andreessen Horowitz, discussed on the 'Invest Like the Best' podcast the future of his firm, highlighting a desire to create a lasting company rather than pursuing public trading. He criticized the traditional venture partnership model for lacking asset value, which can jeopardize continuity after original partners retire. His vision includes growing the firm for expanding support for startups, emphasizing investment rather than fees as a key motivation. Andreessen seeks to emulate enduring financial institutions while addressing the challenges of maintaining value through generational change.
"But even if they can keep it going, there's no underlying asset value. That next generation is just going to have to hand it off to the third generation."
"When we go for scale, it's because we think it's necessary to support the kinds of companies we want to help our founders build."
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