When tech investors talk about valuation as "multiples" on revenue, what does that really mean? We demystify the role of entry multiples and share the two factors that matter most in tech growth investing.| Andreessen Horowitz
The pressure the cloud puts on margins can start to outweigh the benefits you scale and growth slows. Understand how much market cap is being suppressed by the cloud to help inform the decision-making framework on managing infrastructure as companies scale.| Andreessen Horowitz
A progressive decentralization playbook that factors in product-market fit, community participation, and ownership.| Variant