a16z GP Anish Acharya says three years ago, ideas were too ambitious. Today, they're too small. "In the old days, which is three years ago, we would see a company, and if what they were trying to do was too ambitious, we would not engage. Just too crazy, too complex." "Implied by that is you wouldn't do a $100 million seed because it's too much money for almost any problem. It's too much money for any person to actually manage... It doesn't make sense as an inception round." "Today we're almost seeing the opposite problem, where an idea that's too small is not something that we want to engage with." "You can talk about how you put $100 million to work in a seed productively. I'm not recommending you raise $100 million, but this sort of no ceiling on ambition is showing up in how we're picking companies." "When we invest, we tell every founder, 'We're here to help you build the strongest form of your vision.' Marc told me... the way we told our story when we were raising our first fund was, 'We were going to the moon, or we were going to leave a moon-sized crater in the ground, and there was no other option.' That's how we want to work with our founders as well." @illscience w/ @lennysan(a16z)