（来源：吴说） 作者：Erik Torenberg 编译：深潮 TechFlow 原文链接：https://www.techflowpost.com/zh-CN/article/30358 声明：本文为转载内容，读者可通过原文链接获得更多信息。如作者对转载形式有任何异议，请联系我们，我们将按照作者要求进行修改。转载仅用于信息 分享，不构成任何投资建议，不代表吴说观点与立场。 在风险投资（VC）的传统叙事中，人们往往推崇"精品店"模式，认为规模化会丧失灵魂。然而，a16z 合伙人 Erik Torenberg 在本文中提出了针锋相对的观 点：随着软件成为美国经济的支柱以及 AI 时代的到来，初创公司对资本和服务的需求已发生质变。 他认为，VC 行业正处于从"判断力驱动"向"赢得交易能力驱动"的范式转移中。只有像 a16z 这样具备规模化平台、能为创始人提供全方位支持的"巨型机 构"，才能在万亿美元级别的博弈中胜出。 这不仅是模式的演进，更是 VC 行业在"软件吞噬世界"浪潮下的自我进化。 全文如下： 因此，现在风投机构的首要目标是创建帮助创始人取胜的最佳接口。其他一切——如何配备人员、如何部署资本、募集多大规模 ...

图片来源： Unsplash Z Highlights Bryan Kim 是 Andreessen Horowitz 的合伙人，长期负责消费互联网、广告技术与新兴平台投资，近年重点研究生成式 AI 的商业模式，被认为是硅谷少数系 统性思考 AI 原生广告的投资人之一。 广告是 AI 走向十亿用户的必经之路 互联网本身就是一个奇迹 —— 它让人们可以普遍地获得机会、进行探索与建立连接。而 广告为这个奇迹买单 。正如 Marc 长期以来所强调的那样： " 如果 你在原则上反对广告，其实你也在反对广告的可及性。 " 正是因为广告，我们才能拥有这些美好的东西。 因此，上个月 OpenAI 宣布计划为免费用户推出广告，或许是 2026 年迄今为止 最大的一条 " 其实并不算新闻的新闻 " 。因为只要你一直在关注，就会发现 所有迹象早已清晰可见。 Fidji Simo 于 2025 年加入 OpenAI ，担任 Applications CEO ，很多人将这一任命解读为： " 要像她在 Facebook 和 Instacart 所做 的那样，引入广告。 "Sam Altman 也早已在各类商业播客中不断暗示广告的推出。 ...

Core Viewpoint - The article discusses the significant announcement of Olympic champion Gu Ailing joining the renowned VC firm Benchmark as a Senior Associate, highlighting her potential impact on the investment landscape, particularly in sectors like sports technology, artificial intelligence, and youth consumption [4][7]. Group 1: Gu Ailing's Role and Background - Gu Ailing will not hold a ceremonial position but will actively engage in project due diligence, transaction execution, and post-investment management, focusing on emerging sectors that Benchmark is prioritizing [4]. - Her background as an Olympic champion and Stanford graduate positions her uniquely within the VC industry, raising questions about her qualifications for a Senior Associate role despite her non-financial academic background [7][8]. - The article emphasizes that her experience in high-pressure sports environments equips her with a mindset suitable for venture capital, where risk assessment and decision-making are crucial [8][9]. Group 2: Benchmark's Investment Strategy - Benchmark, established in 1995, is known for its "small but precise" investment approach, focusing on early-stage technology projects rather than broad diversification [17][18]. - The firm has a history of successful investments, including Uber, Twitter, Instagram, and Zoom, which have significantly influenced their respective industries [18]. - Recently, Benchmark has shifted its investment strategy to show increased interest in high-quality projects with Chinese backgrounds, driven by the rise of AI technology and China's growing tech capabilities [21][20]. Group 3: Gu Ailing's Unique Value Proposition - Gu Ailing's understanding of East Asian studies allows her to grasp cultural differences and market pain points, which is valuable for Benchmark's global investment strategy, especially in the Chinese market [9][10]. - Her extensive global network and awareness of emerging trends in youth consumption and technology provide her with insights that align with Benchmark's investment focus [11][10]. - The article suggests that her unique combination of skills and experiences justifies her rapid ascent to a Senior Associate position, a rarity for someone of her age and background in the VC industry [14][13]. Group 4: Benchmark's Historical Context - Benchmark has traditionally focused on the U.S. market, with minimal engagement in Asian markets until recent years, when it began to recognize the potential of Chinese tech firms [20]. - The firm’s cautious approach during the period of U.S.-China tensions reflects its commitment to strategic investment rather than opportunistic moves [20]. - The article concludes by noting that Gu Ailing's entry into Benchmark may symbolize a new era for the firm, potentially leading to innovative investment opportunities in the evolving tech landscape [16].

RT Joan (@joanfromdc)BREAKING: @instagram Suspends Fishback Campaign Affiliate Account Despite No Violation of Meta’s Terms of ServiceThe Fishback purge continues. https://t.co/tKsI1vTHLn ...

Opening arguments of a lawsuit brought against social media companies like Instagram and YouTube for intentionally creating addictive products began this week. The plaintiff in the case identified as KGM is a 20-year-old woman in California who claims she became addicted to Instagram and YouTube because the platforms have design features similar to slot machines, namely infinite algorithmic scrolling. This is the first case of its kind to get this far with hundreds of other similar cases currently in the le ...

Adam Mosseri, the head of Instagram, testified that he does not think users can be “clinically addicted” to the social media app. https://t.co/CMC8BVzVsu https://t.co/3Q9kk1QQDD ...

We are also continuing to follow that landmark trial about social media addiction in Los Angeles. >> Ahead of Instagram took the stand today in the first time tech giants have faced a jury over allegations their platforms are addictive for young people. Meta, the parent company of Instagram and YouTube are the defendants in this case.The companies dispute the claims that their products deliberately harm children, citing the safeguards they have added over the years and arguing that they are not liable for c ...

presentación. Eh, bueno, gracias. Esta foto que ven acá, ¿sabe qué tiene en común esta foto.Eh, ¿saben. Hay algo muy particular en esta foto. Es la foto más likeada de la historia del Instagram.Messi con la copa, 74 millones de likes, 2 millones de comentarios. Esta fue la foto con más live de Infar. La segunda fue la del huevo y la tercera fue otra de Messi que está en la cama con la copa del mundo.¿Saben cuánto Biengo tuvo Messi para ganarla. Cinco mundiales, cuatro copas Américas hasta empezar a ganar su ...

RT Drop Site (@DropSiteNews)Instagram has suspended Track AIPAC, the highly popular watchdog project that documents AIPAC’s political spending, citing a violation of Instagram intellectual property rules, specifically trademark rules. The account tracks FEC donations, and points out top-funded lawmakers. ...

RT Heath Howard for Congress (@HeathHowardNH)@TrackAIPAC was wrongfully banned from @instagram for exposing corruption and undue influence in American politics. Funny timing… @AnaliliaForNJ just won her primary against AIPAC-backed & establishment-backed candidates. AIPAC is losing ground and Meta is moving to contain the fallout. #NHPolitics #NH01 #AIPAC #FreePalestine ...