David George on Growth Investing, AI, and Why the Power Law Is Stronger Than Ever | Ep. 58

David George is a General Partner at Andreessen Horowitz, where he leads the firm's growth fund. Before a16z, David was a General Partner at General Atlantic. He has been involved in investments including Databricks, Ramp, Harvey, and Figma. We discussed David's framework for thinking about the AI buildout: why the thesis that "it's all going to work" is the right one, and why the answer to almost every question in AI right now is "and" rather than "or." We got into where we actually are in the diffusion of AI into the enterprise, why there are 1.5 billion knowledge workers that AI has barely touched, and what would have to be true for the buildout not to continue. David shared his framework for thinking about product cycles vs. capital cycles, why right now is a 9 or 10 out of 10 on the product side, and why autonomous driving and robotics are massively underappreciated. We also talked about why vibes and narrative matter more than ever for founders, why he never shorts a messianic founder or a product people love, and how he thinks about the scale and ambition of Andreessen Horowitz as a firm. Timestamps: (0:00) Intro (0:23) The answer to every AI question is "and" (1:27) Where we are in the AI buildout (4:55) What would stop the token buildout (7:16) Sellers vs. buyers of tokens (10:39) Frontier labs vs. open source (13:18) Application investing and the coding blast radius (14:01) Harvey and legal as a category (20:46) Consumer AI and where we are (22:14) From reactive to proactive AI (25:52) AI, autonomy, robotics, bio health (27:49) Autonomous driving and why it's underappreciated (30:46) Robotics and what comes next (33:25) Benchmark's new growth fund (34:11) Why growth investing is compelling now (34:53) Half of private market returns happen at growth (37:57) Product cycle vs. capital cycle (41:54) The importance of narrative (43:14) Why vibes matter (46:20) Never short a messianic founder (49:39) How big can Andreessen Horowitz get Links: https://x.com/DavidGeorge83 https://x.com/jaltma https://uncappedpod.com/ friends@uncappedpod.com

David GeorgeguestJack Altmanhost

Oct 1, 202653mWatch on YouTube ↗

EPISODE INFO

Released: October 1, 2026
Duration: 53m
Channel: Uncapped with Jack Altman
Watch on YouTube: ▶ Open ↗

EPISODE DESCRIPTION

David George is a General Partner at Andreessen Horowitz, where he leads the firm's growth fund. Before a16z, David was a General Partner at General Atlantic. He has been involved in investments including Databricks, Ramp, Harvey, and Figma. We discussed David's framework for thinking about the AI buildout: why the thesis that "it's all going to work" is the right one, and why the answer to almost every question in AI right now is "and" rather than "or." We got into where we actually are in the diffusion of AI into the enterprise, why there are 1.5 billion knowledge workers that AI has barely touched, and what would have to be true for the buildout not to continue. David shared his framework for thinking about product cycles vs. capital cycles, why right now is a 9 or 10 out of 10 on the product side, and why autonomous driving and robotics are massively underappreciated. We also talked about why vibes and narrative matter more than ever for founders, why he never shorts a messianic founder or a product people love, and how he thinks about the scale and ambition of Andreessen Horowitz as a firm. Timestamps: (0:00) Intro (0:23) The answer to every AI question is "and" (1:27) Where we are in the AI buildout (4:55) What would stop the token buildout (7:16) Sellers vs. buyers of tokens (10:39) Frontier labs vs. open source (13:18) Application investing and the coding blast radius (14:01) Harvey and legal as a category (20:46) Consumer AI and where we are (22:14) From reactive to proactive AI (25:52) AI, autonomy, robotics, bio health (27:49) Autonomous driving and why it's underappreciated (30:46) Robotics and what comes next (33:25) Benchmark's new growth fund (34:11) Why growth investing is compelling now (34:53) Half of private market returns happen at growth (37:57) Product cycle vs. capital cycle (41:54) The importance of narrative (43:14) Why vibes matter (46:20) Never short a messianic founder (49:39) How big can Andreessen Horowitz get Links: https://x.com/DavidGeorge83 https://x.com/jaltma https://uncappedpod.com/ friends@uncappedpod.com

SPEAKERS

David George
guest
Growth-stage venture investor focused on AI and software, known for his work at Andreessen Horowitz (a16z).
Jack Altman
host
Host of Uncapped and a venture investor/interviewer who leads founder and investor conversations.

EPISODE SUMMARY

In this episode of Uncapped with Jack Altman, featuring David George and Jack Altman, David George on Growth Investing, AI, and Why the Power Law Is Stronger Than Ever | Ep. 58 explores why AI investing isn’t zero-sum: everything scales, power laws intensify David George argues AI investing is unusually non-zero-sum because demand is massive, supply is constrained, and many layers of the stack can scale simultaneously.

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