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Why media whisperer Margit Wennmachers is going direct.
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Benedict Evans, Andreessen Horowitz’s former in-house analyst, has mused over the years that “A16Z is a media company that monetizes through VC.”
That observation becomes truer by the day.
While there’s a lot of loose talk on Twitter about cutting out the media and “going direct” – publishing your own story to the world without the press as an intermediary – Andreessen Horowitz is really doing it, consciously and methodically. The firm’s strategy has dramatic implications for the future of media and the venture capital industry.
This is the story of how Andreessen Horowitz disrupted the world of venture capital by cozying up to the media and then, how they purposefully threw that relationship away.