Sarah Wang

a16z General Partner and host on the a16z Podcast who moderates conversations about company-building, hiring, and go-to-market strategy; guided parts of the discussion and asked questions about scaling culture and deals.

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Feb 19, 2026 • 55min

Bitter Lessons in Venture vs Growth: Anthropic vs OpenAI, Noam Shazeer, World Labs, Thinking Machines, Cursor, ASIC Economics — Martin Casado & Sarah Wang of a16z

Sarah Wang, a16z partner investing in AI infrastructure and growth, and Martin Casado, a16z GP and former networking founder, unpack the new AI capital dynamics. They explore compute-first funding, the raise→train→ship flywheel, blurred lines between infrastructure and apps, talent and compensation spirals, and two possible market futures: extreme fragmentation or a few dominant supermodels.

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