There has never been an investing environment like what we’re living through right now. Normally, investors hope and pray to catch the beginning of one generational S-curve of technology adoption. Today we’re watching at least six mega-trends emerge:

1. 企业正在将 AI 工具应用到组织的各个部门。我们相信，将算力转化为业务成果的需求没有上限。

2. 除了 ChatGPT 的形态开始取代搜索引擎之外，消费级 AI 几乎还没有真正成形。但我们预计，当时机成熟时，它将带来颠覆性的变革。

3. 美国活力（American Dynamism）已进入一个新时代。国家安全、产业政策和技术进步正在交汇融合，共同重建支撑国家运转的实体系统，从国防、制造业到能源、基础设施和航天，无一例外。

4. 机器人与自主系统有望成为我们一生中规模最大的分布式基础设施部署，将彻底改变人与产品在各类场景中的移动与交互方式——无论是在工厂里、道路上，还是两者之间的每一个角落。

5. 医疗健康占 GDP 的 18%，随着我们的生物学变得可编程，并借助 AI 改善医疗系统，它将成为最大的机遇领域之一。

6. 为了支撑上述一切，整个计算技术栈正在为 AI 时代重建。

1.  Enterprises are putting AI tools to work across every part of their organizations. We believe there is no upper bound on the demand to turn compute into business outcomes.

2. Consumer AI is barely even a thing yet, aside from ChatGPT’s form factor beginning to replace the search engine. But we expect it will be transformational when the time is right.

3. American Dynamism has entered a new era. National security, industrial policy, and technological progress are converging to rebuild the physical systems that underpin the country, from defense and manufacturing to energy, infrastructure, and space.

4. Robotics and autonomy are poised to be the biggest distributed infrastructure deployment in our lifetime, transforming how people and products move and interact in every setting, in our factories, on our roads, and everywhere in between.

5. Healthcare is 18% of GDP and represents one of the biggest areas of opportunity, as our biology becomes programmable and we use AI to improve systems.

6. To power the above, the entire compute stack is being rebuilt for the AI-era.

In moments of opportunity like these, we keep coming back to the founder as the key to building generational businesses. Technology has become so powerful for company-builders, and yet so unevenly diffused in the economy, killer founders who understand it will always be the premier destination for investment capital. Our job as investors is to identify these founders and help them however they need.

Today, a16z Growth has closed additional capital, bringing our fifth Growth fund to a total of $8.5B. With so much opportunity in the market right now, this became the obvious thing to do for both founders and our Limited Partners.

Helping founders accelerate through the curve

Every founder who’s been through the scaling journey knows that there are inflection points where their early instincts aren’t enough anymore. Companies must become multi-product, multi-channel, multi-geography, often all at the same time. Databricks had to bank through the corner and evolve “Lakehouse” into a dominant platform. SpaceX evolved from a launch provider into a global communications, data infrastructure and AI company. Greatness isn’t easy.

The founder’s opportunity, at the growth stage of the business, is to keep growing really aggressively through each corner. In our 7+ years running a16z Growth, we’ve helped over 100 companies through these transitions.

The a16z Growth Platform: built by operators, for operators

The a16z Growth Platform includes access to a16z’s comprehensive offering of expertise, network, and infrastructure tailored to growth-stage companies. Our GTM team connects portfolio companies with new customers; Talent has built one of the world’s best executive and technical talent networks; Global efforts unlock international relationships for capital, partnerships, and customers; and New Media helps our founders and companies brand build.

And now, we’re excited to offer even more ways to help our founders grow at scale, with increased offerings across sales, marketing, and pricing. Specifically, the team will be helping with:

• Sales & Marketing Leadership: Defining what “great” looks like; helping build the right team and structure for the next stage of growth.

• AI-Native GTM: Helping companies compete with new playbooks for agentic operations, AI-native RevOps, demand generation, and consumption-based pricing.

• GTM Strategy & Positioning: Defining ideal customer profiles, category narrative, and core messaging; aligning sales and marketing on go-to-market strategy, and ensuring budgets back the right priorities.

• Scaling Sales & Marketing Motions: Moving from founder-led sales to revenue engines, with the playbooks, campaigns, and metrics that drive predictable growth.

• Pricing & Packaging: Navigating pricing model transitions and packaging decisions as companies move from single-product to platform, including AI margin governance.

• Revenue Operations: Designing comp plans, managing usage-based pricing transitions, and building the AI-native operations that keep pace with growth.

The a16z Growth Platform is made up of elite operators who understand the challenges of growth-stage companies and how to execute in their respective domains. They bring actual game footage to every interaction with founders and CXOs. The team upleveling our sales, marketing, and pricing efforts is no different, having spent time in-house or closely advising companies such as Lovable, Atlassian, Samsara, 1Password, Miro, PagerDuty, Segment, Workday, and others during their hypergrowth and pre-IPO years.

It’s time to grow

Top operators today are in the biggest job of their lives, in the fastest-moving, most contested market we’ve ever seen. We know it takes both capital and operational know-how to win, and we are building to meet these demands.

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Expanding the a16z Growth Fund and Platform