2012: buy for users, 2021: for engineers, 2026: for training data
andrewchen · x · 2026-08-23
a16z partner Andrew Chen compresses the evolution of tech M&A logic into three lines: acquire for users in 2012, for engineers in 2021, and for training data in 2026 — implying data assets are now the driving force behind acquisitions in the AI era.
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