Late-Stage Investing in an AI-Driven Market
a16z·2026-01-26 16:49
In this episode, Jen Kha, Head of Investor Relations, and David George, General Partner, discuss how late-stage private markets are evolving as AI reshapes scale, capital intensity, and growth timelines. They explain why AI-driven companies are staying private longer, how infrastructure spending is changing return profiles, and what this moment means for durability, value creation, and long-term outcomes in private markets. Timestamps: (00:00) Introduction (04:21) The Market Opportunity for AI (26:48) Prici ...