a16z has announced a significant $15 billion fundraising round, bringing its total assets under management to over $90 billion. The article delves into the firm’s history, investment strategies, and its approach to venture capital, emphasizing its unique positioning and the skepticism it has faced over the years.

Understanding the differences between venture capital strategies is crucial for founders seeking investment. The article outlines various VC approaches, from hyper-selective funds aiming for high returns through concentrated investments to volume-based players focusing on deploying large amounts of capital. It emphasizes the importance of knowing the type of VC being engaged to ensure alignment with business goals and expectations.