This VC is bullish on American dynamics – “the real” • InNewCL
#bullish #American #dynamics #real #InNewCL Welcome to InNewCL, here is the new story we have for you today:
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The Wischoff Ventures Solo GP with tailwinds from the CHIPS Act, US vs. China and more
For many Americans, COVID-19 was a wake-up call: the US was nowhere near as ready to meet challenges as it should be and it was overly dependent on China.
Whether the current geopolitical order calls for a new wave of isolationism depends on your worldview, but the desire for the US to become more self-reliant, solve its most glaring problems and stay one step ahead of its rivals runs across the political spectrum.
Will the answer come from the government? Venture capital firm Andreessen Horowitz doesn’t think so. Its co-founder, Marc Andreessen, already said so in his “Time to Build” call, but general partner Katherine Boyle doubled down in January with an essay on American dynamics.
American dynamism, Boyle wrote, is “the recognition that seemingly insurmountable problems in our society—from national security and public safety to housing and education—require solutions that are not simply incremental changes that perpetuate the status quo. These problems require solutions from builders – and it has never been more important for start-ups to address these serious American problems.”
As a thesis, the American dynamic found resonance in the US tech community. But voices also emerged questioning how well this target was represented in a16z’s portfolio, which is more heavily weighted towards crypto and SaaS than Govtech, for example.
Boyle has already anticipated some of this criticism, attributing it in part to the misguided belief “that software touches only the digital world and that by ignoring the physical world we are wasting valuable talent.”
But, she countered, “these critics miss this current shift to the physical sector and the interplay of hardware and software.” On sectors, Boyle added, “Dynamics is neither Govtech nor ESG”.
This is where it gets interesting: a16z has developed a concept that is well received by other investors, but they can also define it differently. For example, solo GP Nichole Wischoff recently told InNewCL that she hopes to fund “American dynamics…the real one.”
