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Investor profile

Andreessen Horowitz

Venture capital firm · Founded 2009 · Active in 2026

Andreessen Horowitz was founded in Menlo Park in 2009 by Marc Andreessen and Ben Horowitz. The firm grew from a $300M first fund to one of the largest venture managers in the world, structured around thesis-driven verticals — crypto (a16z crypto), American Dynamism (defence, manufacturing, climate), bio + health, AI infrastructure, fintech, consumer, and games.

a16z is associated with the 'Software Is Eating the World' essay and an aggressive content strategy. Notable bets include Coinbase, GitHub, Databricks, Lyft, and Mistral AI.

219 Power Law outcomes Power Law Ranking #5 · Global · 219 Power Law outcomes · Active 2026
Unicorns ↑ 65% 5y
198
Decacorns ↑ 45% 5y
32
Thoroughbreds ↑ 125% 5y
132
01 · Exits

Sequoia’s biggest exits.

Sequoia portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

IPO · 1999
Entered SeedNow $5.2T
IPO · 2004
Entered Series ANow $4.6T
IPO · 1980
Now $4.5T
IPO · 2014
Entered Series B+Now $306B
$214B IPO · 2021
Entered Series B+Now $20.1B
IPO · 2012
Entered Series ANow $207B
$82.0B IPO · 2019
Now $153B
IPO · 2012
Entered Series B+Now $103B
$95.0B IPO · 2020
Entered SeedNow $69.1B
$93.9B IPO · 2020
Entered Series B+Now $58.4B
$24.0B IPO · 2018
Entered Series B+Now $73.3B
$39.0B IPO · 2020
Entered Series ANow $67.6B
$32.0B IPO · 2021
Entered Series B+Now $67.5B
$41.5B IPO · 2021
Entered SeedNow $64.4B
$60.0B IPO · 2021
Entered Series B+Now $28.0B
$55.5B IPO · 2026
Entered Series B+Now $55.5B
$52.8B IPO · 2018
Entered Series ANow $49.6B
IPO · 2013
Now $45.0B
IPO · 2015
Entered Series B+Now $39.4B
IPO · 2002
Entered SeedNow $39.1B
$32.0B acquisition · 2025
Entered Seed
$12.0B IPO · 2021
Entered Series B+Now $29.5B
IPO · 2014
Entered Series B+Now $28.6B
IPO · 2015
Entered Series ANow $28.2B
03 · Portfolio analysis

The 219 a16z Power Law outcomes ($100M+ revenue or $1B+ valuation).

Snapshot of where the outcomes are concentrated by country, sector, and stage entered.

By countryCount
  1. USA198
  2. UK5
  3. Canada3
  4. France2
  5. Ireland1
  6. Denmark1
  7. India1
  8. Decentralised1
  9. Colombia1
  10. Singapore1
  11. Hong Kong1
  12. Japan1
By sectorCount
  1. Fintech45
  2. AI34
  3. Other B2B Software29
  4. Cybersecurity18
  5. eCommerce & Marketplaces15
  6. Health Tech & Medtech15
  7. Biotech & Life Sciences13
  8. Other11
  9. Marketing11
  10. Transportation8
  11. Space6
  12. Robotics5
By stage enteredCount
  1. Series B+92
  2. Series A74
  3. Seed38
Estimated holdings

a16z’s biggest current holdings.

An estimate of a16z’s largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 79 companies where a16z is a named shareholder, worth about $62.7B in estimated equity value.

#CompanyEst. stakeValuationEst. value
  1. 1 StripeFintech · Centicorn 6.5% $159B $10.3B
  2. 2 AndurilSecurity · Decacorn 9.5% $61.0B $5.8B
  3. 3 OpenAIEnterprise Software · Centicorn 0.5% $852B $4.3B
  4. 4 DeelJobs Recruitment · Decacorn 14% $17.3B $2.4B
  5. 5 OpenSeaFintech · Decacorn 18% $13.3B $2.4B
  6. 6 Devoted HealthHealth · Decacorn 16.7% $12.9B $2.2B
  7. 7 18.5% $11.5B $2.1B
  8. 8 14% $15.0B $2.1B
  9. 9 14.2% $12.7B $1.8B
  10. 10 5% $32.0B $1.6B
  11. 11 16.5% $9.2B $1.5B
  12. 12 15% $9.0B $1.4B

Showing the 12 largest of 79 disclosed direct holdings.

6 companies hidden on this public profile. Estimated value = a16z’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. a16z also appears inside investor groups in ElevenLabs, Magic Leap, Mission Lane, SpaceX | xAI, Thinking Machines Lab, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

a16z’s biggest exits.

a16z portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

$95.0B IPO · 2020
Entered Series B+Now $69.1B
$73.6B IPO · 2021
Entered Series B+Now $46.0B
$32.0B IPO · 2021
Entered SeedNow $67.5B
IPO · 2013
Now $45.0B
$45.0B IPO · 2021
Entered Series B+Now $33.1B
$32.0B acquisition · 2025
Entered Series B+
$29.3B acquisition · 2026
Entered Series A
$23.9B IPO · 2021
Entered Series B+Now $28.4B
$3.0B IPO · 2022
Now $26.6B
acquisition · 2006
Entered Series B+Now $24.5B
$24.3B IPO · 2019
Entered Series B+Now $4.8B
$15.7B IPO · 2019
Entered SeedNow $23.4B
$18.0B IPO · 2020
Entered Series B+Now $4.7B
$17.6B IPO · 2025
Entered Series B+Now $10.4B
$11.5B IPO · 2021
Entered Series ANow $17.4B
$4.5B IPO · 2021
Entered Series ANow $17.1B
$15.4B IPO · 2021
Entered Series B+Now $10.0B
$1.2B IPO · 2017
Entered Series ANow $14.0B
IPO · 2011
Entered Series B+Now $12.7B
$10.0B IPO · 2019
Entered Series B+Now $10.7B
$9.9B IPO · 2023
Entered Series B+Now $9.0B
$1.5B IPO · 2021
Entered Series ANow $8.4B
$7.5B acquisition · 2018
Entered Series A
$872M IPO · 2016
Entered Series B+Now $4.6B

+28 more $1B+ exits on the full Dealroom profile.

04 · Portfolio market map

a16z's 219 Power Law outcomes.

Stage entered
Outcome tier
Region
Group by
219 of 219 Power Law outcomes
05 · Power Law comparison

How does a16z stack up?

a16z in orange, your selection in blue and other colours. Pick from the global roster of 609 peer investors — scope by startup location or hit "Find similar shapes" to auto-pick the three closest. The funnel matrix mirrors the spider chart on the ranking page; the line chart shows each firm's share of unicorns minted in the selected startup location — peaks reveal vintage years.

Compare against

Share of new unicorns per year

% of global unicorns minted that year, year by year · hover the chart to see which unicorns
Performance window All-time → 2026

Stage focus

Companies by selected outcome stage

Sector focus

Companies per investor across the 10 highest-volume sectors

Beyond Unicorns — how the portfolio compounds

% of each investor's unicorn portfolio that later crossed $10B, $25B and $50B. Pick a sort tier and entry stage.
Sort by
Entry stage
Source: Dealroom Power Law dataset. Investors shown are the 2026 Power Law top 35 by combined entry-to-outcome score, drawn from the overview and locations_data sheets. Funnel-matrix axes rescale per-axis using the maximum among the currently selected investors, so the polygons always fill the chart for shape comparison.
06 · Portfolio founders

Where Sequoia's portfolio founders come from — and where they studied.

767 founders across the 219 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Stanford University and Alphabet | Google are the deepest single pipelines.

LocationCount
United States392
India40
Germany30
Canada28
Israel25
China21
Poland12
Colombia11
Turkey11
Pakistan11
+35 more →
UniversityCount
Stanford University69
Massachusetts Institute of Technology30
Harvard University27
Berkeley25
Cornell University18
Carnegie Mellon University13
Stanford University Graduate School of Business12
University of Toronto11
University of Waterloo11
University of Cambridge11
+210 more →
Origin companyCount
Alphabet | Google87
Microsoft54
Meta30
Amazon19
Yahoo!18
Apple17
Palantir14
Google DeepMind13
OpenAI12
PayPal9
+204 more →
Origin = country a founder is born in or grew up in (founders may have multiple origins; counts include all entries). University = highest-listed degree. Origin company = a previous employer where the founder was tagged before starting their current company.

Market sentiment

What the market is saying about Andreessen Horowitz

An AI-synthesized read of the highest-engagement posts about a16z on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

In the news

Latest news about Andreessen Horowitz

Recent press, funding announcements, and portfolio moves mentioning a16z — pulled live from Dealroom's news feed.

See all news

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