Andreessen said that "that", which in context seems to mean his firm's deep involvement in health, was "a response to the hedge fund thing". He added that very smart founders had been telling the firm it was "dumb"; the passage does not say what "the hedge fund thing" was.
Own records only Only the person's or their organisation's own records speak to it, so it is not scored.
Factual: Statements about the present or the past, checked against the record: did they hold up?
Said for an organisation they lead or work for; it counts on both records.
Reasoning
Reason for a16z's strategic shift is its own internal motivation.
Cite this claim
Marc Andreessen, “Andreessen said that "that", which in context seems to mean his firm's deep involvement in health, was "a response to the hedge fund thing". He added that very smart founders had been telling the firm it was "dumb"; the passage does not say what "the hedge fund thing" was.” (said 1 January 2018). Verdict: own records only. Reliability API, claim c_3e01bded9d2f, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_3e01bded9d2f
This claim is in dataset release v1.1.2, with the same verdict.
Reply to this claim
More factual claims by Marc Andreessen
-
Mostly true
“One is Substack, and I’m super proud of those guys because they started from scratch and declared right up front that they were going to be a free speech platform.”
Substack started from scratch and declared up front that it would be a free speech platform.
-
Mostly true
“I joined the board there in 2007 so I've seen everything in the last almost 20 years every step of the way.”
-
Mostly true
“Peter flatly says the iPhone doesn’t count as innovation.”
Peter Thiel flatly says the iPhone does not count as innovation.
-
Mostly true
“We started out; we didn’t do any healthcare related stuff here, investments here.”
Andreessen Horowitz initially made no healthcare-related investments.
-
Resolved true
“And we’ve now done an almost complete 180 on that.”
Verdicts are made automatically; how verdicts are made.