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How Andreessen Horowitz’s Limited Partners Are Feeling These Days

Photo: Marc Andreessen. Photo: Bloomberg

Andreessen Horowitz has had quite a colorful autumn. The firm gave Elon Musk $400 million to help finance his messy effort to take Twitter private, a transaction The Economist said could go down in history as the “deal from hell.” It floated $350 million to Adam Neumann, the disgraced former WeWork founder, for his new startup, Flow. 

And last week, according to online news site Semafor, the firm invested in a startup called Simple Things founded by Andy Rubin, the former Google executive who was previously accused of sexual misconduct and whose earlier electronics startup failed after raising $300 million in venture capital funding. 

These headlines made me wonder: How are the firm’s limited partners—the institutions that invest in VC funds—feeling about Andreessen Horowitz these days? 

According to a small handful of Andreessen Horowitz LPs who spoke to me, they aren’t thrilled with how the firm has been managing their capital lately. Andreessen Horowitz didn’t respond to a request for comment. 

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