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Will Manidis on X: "Patient Capital Will Eat the World " / X

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To view keyboard shortcuts, press question mark View keyboard shortcuts Article See new posts Conversation Will Manidis @WillManidis Patient Capital Will Eat the World 76 300 2K 752K Venture capital has become a very, very big asset class. Just a couple of weeks ago, Andreessen Horowitz announced a $15 billion in newly committed capital. This is a single fund representing a half dozen products that in aggregate make up 18% of all venture dollars allocated in the U.S. this year. The firm as a whole now manages $90 billion, neck and neck with Sequoia as the largest venture fund in the world. By my count, together, these two firms manage about 25 times the sum of dollars in total invested in the software industry from 1990 to 2004. The industry as a whole has been totally enthralled with these giant numbers, but perhaps totally uninterested in what these firms actually plan to do with the dollars now that they have them. To understand why this is a problem, it's useful to look at the his

Venture capital has become a very, very big asset class. Just a couple of weeks ago, Andreessen Horowitz announced a $15 billion in newly committed capital. This is a single fund representing a half dozen products that in aggregate make up 18% of all venture dollars allocated in the U.S. this year. The firm as a whole now manages $90 billion, neck and neck with Sequoia as the largest venture fund in the world. By my count, together, these two firms manage about 25 times the sum of dollars in total invested in the software industry from 1990 to 2004. The industry as a whole has been totally…

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