He named other examples, too, of private partnerships turned into large publicly traded companies like big private equity firms. Blackstone, which now has a market capitalization of over $200 billion, went public in 2007. Apollo, KKR, and Carlyle held their IPOs soon after Blackstone, and TPG listed on Nasdaq in early 2022.
Andreessen argues that as these companies grew from partnerships into large corporations, their long-term success became less dependent on a few key investors.
“A big part of what we’ve been trying to do is build something that has that kind of enduring aspect to it,” he said.