a16z's David George says AI's power law is becoming more extreme because dollars alone can compound a company's advantage:
"Right now, clearly the power law is more extreme than it has been in the last 10 to 20 years of technology investing, probably going back to the emergence
Accolade Partners' Aram Verdiyan with a16z's Jen Kha and David George on AI's extreme power law and where the next trillion dollars gets made:
The classic way to blow up a startup was throwing too much money at it. Hire a thousand people, create dueling priorities, and kill what
Trillions of dollars in value has been accruing in private markets:
- A 75th percentile tech IPO lists at $3.5B
- The ten companies on this chart cleared that by 12-500x in private rounds
Full piece from a16z's @jkhamehl on why most portfolios have no exposure to this:
a16z's David George says the real economy has barely begun adopting AI, while the top 1% in one dataset already spend $7,000 per employee per month:
"Part of the thing that we're monitoring, which makes us extremely bullish about AI, is just actual diffusion into the real
Accolade Partners' Aram Verdiyan with a16z's Jen Kha and David George on AI's extreme power law and where the next trillion dollars gets made:
The classic way to blow up a startup was throwing too much money at it. Hire a thousand people, create dueling priorities, and kill what
The SpaceXAI IPO produced more exit value than the previous five years of venture exits combined
2022 raised: $222 billion
2025 raised: $75 billion
2026 YTD exits: $2.18 trillion
Full piece from a16z's @jkhamehl on why venture outcomes are changing the math for allocators:
