Inside a16z’s Growth Bets on Waymo, ElevenLabs, Coinbase, Robinhood, Stripe, Revolut & Kalshi

Alex Immerman, General Partner on Growth at Andreessen Horowitz (a16z), joins Sourcery to break down how one of Silicon Valley’s most influential firms is investing across AI, fintech, autonomous vehicles, and growth-stage software.

With a fresh $6.75B Growth fund, a16z Growth now manages over $22B across five Growth funds. Alex discusses how a16z evaluates category leaders, what separates private markets from public markets today, and why firms are rethinking old metrics in the AI era. He also goes deep on some of a16z’s highest-profile portfolio companies and investments including Waymo, Kalshi, Coinbase, Robinhood, Stripe, Revolut, ElevenLabs, Flock Safety, and more.

We cover:

• Why private markets now hold much of the highest-growth opportunity

• Waymo’s growth, valuation, market share, and the future of autonomous driving

• Why a16z backed Kalshi and what makes prediction markets so compelling

• ElevenLabs, voice AI, and how breakout AI companies build defensibility

• The new AI underwriting framework: growth, engagement, retention, and margins

• How a16z scaled from startup VC to capturing 18% of all U.S. venture dollars

• Why market leaders capture outsized value and how a16z thinks about winning

If you enjoy interviews at the intersection of venture capital, AI, fintech, public markets, and frontier technology, subscribe to Sourcery for more.

Alex Immerman: https://x.com/aleximm

Molly O’Shea: https://x.com/MollySOShea

Sourcery: ⁠https://x.com/sourceryy

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YouTube: https://youtu.be/MLXYJZAikBc

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