A16Z · 11 September 2026 · Investment Thesis

Catching the (Venture) Bus

A16Z

Institutional LPs risk missing the venture bus by maintaining historical 5-10% allocations to an asset class now generating $3-5T in private equity value through AI, robotics, and space tech; top-decile VC funds are pulling away from median performers, making selective access—not diversification—the winning strategy.

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Topics: Venture Capital & Startups · AI (Horizontal)

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