Do Revenue and Margins Still Matter in AI?

In this episode of 20VC, Harry Stebbings interviews David George, a general partner at Andreessen Horowitz, about growth investing, AI, and the evolving landscape of private markets. They discuss the performance of large venture funds, the shift in value creation towards private markets, and the benefits and drawbacks of companies staying private longer. David shares his thoughts on competition, errors of omission, and the importance of investing in founders with "strength of strengths." The conversation explores the impact of AI on various industries, the challenges of valuing rapidly growing AI companies, and the potential for robotics and personal health management. David also shares insights into internal disagreements at Andreessen Horowitz and his excitement for the future of technology.