Is Silicon Valley in Another Bubble . . . and What Could Burst It? - Vanity Fair
Behind a stage in the 2,800-square-foot room, a large sign bore the name of Andreessen Horowitz, one of Silicon Valley’s most revered venture-capital firms. As breakfast and coffee were offered, the company’s partners mingled with the men and women who endow their $1. 5 billion fund. The investors were dressed invariably in business casual, with the top button of their dress shirts noticeably undone. ) Off in the distance, you could make out the faint purr of Bentleys and Teslas ferrying along Sand Hill Road, depositing the Valley’s other top V. C. ’s at their respective offices—Greylock Partners, Draper Fisher Jurvetson, and Sequoia Capital,... After some chitchat (Mitt Romney had addressed the group the previous night), Scott Kupor, a managing partner, took the stage to tell the assembled investors what was going on with their money. A16z, as the firm is commonly known in the Valley, had invested hundreds of millions of dollars in some of the industry’s biggest companies—Instagram, Facebook, Box, Twitter, and Oculus VR—along with a number of upstarts, such as Instacart, a... Source: www.vanityfair.com
