App generation is one of the fastest growing AI spaces. Cos are scaling to $100M+ ARR at record pace, seemingly in a race to dominate the market. But we think it won't be "winner takes all." The market will segment, with different winners in different areas. Our thesis 👇

This was a great time @Noahpinion and @eriktorenberg are some fun boys

New episode with @dwarkesh_sp and @Noahpinion on AGI and the economy. This is perhaps my favorite podcast conversation since joining a16z.

.@dwarkesh_sp says AGI is more like the industrial revolution than nuclear power. "There’s not this one machine that is the industrial revolution. It is this broader process of growth and automation." That means you won’t see a single moment of arrival. Just the world quietly rearranging itself around intelligence.

In light of the hit piece on Luke Farritor, @balajis returned to the podcast to give a love letter to legacy media in only the way he can—and to provide a new path forward for tech.

Congrats @zoink and the entire @figma team for this unbelievable ride! Watching you navigate these last few years has been a masterclass. Let’s go $FIG!

Today, we're thrilled to announce our $125M Series C funding round at a $1.5B valuation, led by Meritech Capital, marking our third successful raise in just 12 months! fal’s Generative Media Cloud now powers tens of thousands of applications, supporting over two million developers and more than 300 enterprise customers. From initial prototypes to fully scaled production, we've become the essential infrastructure enabling some of the most innovative and creative work in the industry. Over the past year alone, we've experienced extraordinary growth—averaging 40% month-over-month, consistently exceeding our own ambitious projections. Each month, hundreds of thousands of new developers and thousands of fresh applications join our platform, unlocking entirely new use cases previously thought impossible. With this latest round of funding, we're significantly scaling our engineering, support, sales, and marketing teams to keep pace with the accelerating demand and enthusiasm from our community. Our vision has always been clear: build a generative media platform that effortlessly creates dynamic, real-time content across video, audio, image, and 3D. Thanks to our incredible team, dedicated partners, and visionary customers, that's precisely what fal delivers today—empowering creativity at unprecedented scale.

Congratulations to @zoink, Praveer and the @figma team on going public. When we originally invested, we said we were entering the decade of design. Amazing how much that has happened. Thanks for letting us at @a16z be part of the journey.

Margit built @a16z with @bhorowitz and me from the start to what we are today — we can’t even imagine how we could have done it without her — her genius, judgment, and wisdom have been invaluable. ❤️

Margit took a brand new firm in a 50 year old industry and built the best known global brand in Venture Capital. She has been a giant in the field and we are eternally grateful for her amazing contributions to Andreessen Horowitz.