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If there’s anyone in finance who’s less focused on quarterly numbers than VCs, I’d love to hear about them. One of the bigger criticisms of VCs is that they enc

If there’s anyone in finance who’s less focused on quarterly numbers than VCs, I’d love to hear about them. One of the bigger criticisms of VCs is that they encourage a high risk, high burn, swing-for-the-fences strategy, even in businesses where it doesn’t make a lot of sense. So while I agree with your sentiments overall, I wouldn’t say that Andreesen is especially reflective of the attitudes that you’re rightly calling out. Disclaimer: my company received funding from a16z. It’s worth mentioning that, if anything, they have been part of a board encouraging our CEO/founder to think about producing more grand, long-term value, and our CEO already has a strong bias toward long-term thinking.

KirinDave 6y ago
My experience with fellow post-exit folks is that at around the 3 year mark everyone wants to offload you. People are citing 5 and 10 year ventures as "long-term" which really shows how incredibly eroded the concept of "long term" investments in the US are. Revitalizing the US electrical and transit infrastructure is probably a century long project, with individual states taking anywhere from 40-75 year. But let's talk more about how Magic Leap secured a lot of debt financing, I guess? My advice for you is that it makes absolutely 0 sense to bite the hand that feeds you right now.