Growth investing

Late-Stage Investing in an AI-Driven Market

Late-Stage Investing in an AI-Driven Market

David George (General Partner, a16z) discusses how AI is fundamentally reshaping late-stage private markets. He covers the unprecedented scale of infrastructure investment, evolving business models and monetization strategies, why AI-native companies are staying private longer, and how this new paradigm changes the calculus for durability, value creation, and long-term growth.