ANDREESSEN HOROWITZ HAS RETURNED AT LEAST $25 BILLION NET TO ITS BACKERS SINCE THE FIRM'S FOUNDING IN 2009

Summary from the TLDR Founders newsletter

Andreessen Horowitz has returned at least $25 billion to its backers since 2009, with its $900 million 2012 Fund III hitting a 9.4x net TVPI. The firm invests heavily in emerging tech sectors and defense, with significant stakes in companies like Databricks. Despite its influence, much of its fund performance remains under wraps, though new decks reveal insights into IPO candidates and fund performance.