Ben Horowitz, co-founder and General Partner, Andreessen Horowitz speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 22, 2019. REUTERS/ Mike Blake

Ben Horowitz, co-founder and General Partner, Andreessen Horowitz speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 22, 2019. REUTERS/ Mike Blake

Ben Horowitz, co-founder and General Partner, Andreessen Horowitz speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 22, 2019. REUTERS/ Mike Blake

Ben Horowitz, co-founder and General Partner, Andreessen Horowitz speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 22, 2019. REUTERS/ Mike Blake

Ben Horowitz, co-founder and General Partner, Andreessen Horowitz speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 22, 2019. REUTERS/ Mike Blake

Chris Dixon, General Partner at Andreessen Horowitz, discusses cryptocurrency during the TechCrunch Disrupt forum in San Francisco, California, U.S. October 2, 2019. REUTERS/Kate Munsch

Chris Dixon, General Partner at Andreessen Horowitz, discusses cryptocurrency during the TechCrunch Disrupt forum in San Francisco, California, U.S. October 2, 2019. REUTERS/Kate Munsch

Felicia Horowitz and Ben Horowitz, co-founder of Andreessen Horowitz, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S., July 10, 2019. REUTERS/Brendan McDermid

Brett Himbury, Chief Executive of IFM Investors, takes part in a discussion panel with Douglas Peterson, President and CEO of S&P Global and Scott Kupor, Managing Partner at Andreessen Horowitz, at the SelectUSA Investment Summit in National Harbor, Maryland, U.S., June 20, 2017. REUTERS/Kevin Lamarque

Scott Kupor, Managing Partner at Andreessen Horowitz, listens during a discussion at the SelectUSA Investment Summit in National Harbor, Maryland, U.S., June 20, 2017. REUTERS/Kevin Lamarque

Scott Kupor, Managing Partner at Andreessen Horowitz, takes part in a discussion panel at the SelectUSA Investment Summit in National Harbor, Maryland, U.S., June 20, 2017. REUTERS/Kevin Lamarque

Scott Kupor, Managing Partner at Andreessen Horowitz, speaks at the SelectUSA Investment Summit in National Harbor, Maryland, U.S., June 20, 2017. REUTERS/Kevin Lamarque

Venture capital firm Andreessen Horowitz Co-Founder and General Partner Marc Andreessen speaks at the WSJD Live conference in Laguna Beach, California October 28, 2014. REUTERS/Lucy Nicholson (UNITED STATES - Tags: BUSINESS)

Venture capital firm Andreessen Horowitz Co-Founder and General Partner Marc Andreessen speaks at the WSJD Live conference in Laguna Beach, California October 28, 2014. REUTERS/Lucy Nicholson (UNITED STATES - Tags: BUSINESS)

Venture capital firm Andreessen Horowitz Co-Founder and General Partner Marc Andreessen speaks at the WSJD Live conference in Laguna Beach, California October 28, 2014. REUTERS/Lucy Nicholson (UNITED STATES - Tags: BUSINESS)

Venture capital firm Andreessen Horowitz Co-Founder and General Partner Marc Andreessen speaks at the WSJD Live conference in Laguna Beach, California October 28, 2014. REUTERS/Lucy Nicholson (UNITED STATES - Tags: BUSINESS)

Venture capital firm Andreessen Horowitz Co-Founder and General Partner Marc Andreessen speaks at the WSJD Live conference in Laguna Beach, California October 28, 2014. REUTERS/Lucy Nicholson (UNITED STATES - Tags: BUSINESS)

Ben Horowitz, General Partner at Andreessen Horowitz, attends the Reuters Global Technology Summit in San Francisco June 18, 2013. REUTERS/Stephen Lam (UNITED STATES - Tags: BUSINESS SCIENCE TECHNOLOGY)

Ben Horowitz, General Partner at Andreessen Horowitz, attends the Reuters Global Technology Summit in San Francisco June 18, 2013. REUTERS/Stephen Lam (UNITED STATES - Tags: BUSINESS SCIENCE TECHNOLOGY)

Ben Horowitz, General Partner at Andreessen Horowitz, smiles during the Reuters Global Technology Summit in San Francisco June 18, 2013. REUTERS/Stephen Lam (UNITED STATES - Tags: BUSINESS SCIENCE TECHNOLOGY)

Ben Horowitz, General Partner at Andreessen Horowitz, speaks during the Reuters Global Technology Summit in San Francisco June 18, 2013. REUTERS/Stephen Lam (UNITED STATES - Tags: BUSINESS SCIENCE TECHNOLOGY)

Marc Andreessen, co-founder and partner of Andreessen Horowitz, moderator Martin Giles (C), U.S. technology correspondent for The Economist, and Peter Thiel, partner of the Founders Fund, speak during the panel discussion "In Tech We Trust? A Debate with Peter Thiel and Marc Andreessen" at the Milken Institute Global Conference in Beverly Hills, California April 29, 2013. REUTERS/Fred Prouser (UNITED STATES - Tags: BUSINESS MEDIA)

Marc Andreessen, co-founder and partner of Andreessen Horowitz, speaks during the panel discussion "In Tech We Trust? A Debate with Peter Thiel and Marc Andreessen" at the Milken Institute Global Conference in Beverly Hills, California April 29, 2013. REUTERS/Fred Prouser (UNITED STATES - Tags: BUSINESS)

Marc Andreessen, co-founder and partner of Andreessen Horowitz, speaks during the panel discussion "In Tech We Trust? A Debate with Peter Thiel and Marc Andreessen" at the Milken Institute Global Conference in Beverly Hills, California April 29, 2013. REUTERS/Fred Prouser (UNITED STATES - Tags: BUSINESS)

Marc Andreessen, co-founder and partner of Andreessen Horowitz, speaks during the panel discussion "In Tech We Trust? A Debate with Peter Thiel and Marc Andreessen" at the Milken Institute Global Conference in Beverly Hills, California April 29, 2013. REUTERS/Fred Prouser (UNITED STATES - Tags: BUSINESS)

Marc Andreessen, co-founder and partner of Andreessen Horowitz, speaks during the panel discussion "In Tech We Trust? A Debate with Peter Thiel and Marc Andreessen" at the Milken Institute Global Conference in Beverly Hills, California April 29, 2013. REUTERS/Fred Prouser (UNITED STATES - Tags: BUSINESS)

Marc Andreessen, co-founder and general partner of venture capital firm Andreessen Horowitz, speaks at the Iab Mixx Conference and Expo in New York, October 2, 2012. REUTERS/Mike Segar (UNITED STATES - Tags: BUSINESS)

Marc Andreessen, co-founder and general partner of venture capital firm Andreessen Horowitz, speaks at the Iab Mixx Conference and Expo in New York, October 2, 2012. REUTERS/Mike Segar (UNITED STATES - Tags: BUSINESS HEADSHOT)

Marc Andreessen, co-founder and general partner of venture capital firm Andreessen Horowitz, speaks at the Iab Mixx Conference and Expo in New York, October 2, 2012. REUTERS/Mike Segar (UNITED STATES - Tags: BUSINESS)

Venture capitalist Ben Horowitz of Andreessen Horowitz (L) speaks during a fireside chat with moderator Bill Campbell, chairman of the board and former chief executive of Intuit Inc., during day one of TechCrunch Disrupt SF 2012 event at the San Francisco Design Center Concourse in San Francisco, California September 10, 2012. REUTERS/Stephen Lam (UNITED STATES - Tags: BUSINESS SCIENCE TECHNOLOGY)

Venture capitalist Ben Horowitz of Andreessen Horowitz speaks on stage during a fireside chat with moderator Bill Campbell, chairman of the Board and former chief executive of Intuit Inc., during day one of TechCrunch Disrupt SF 2012 event at the San Francisco Design Center Concourse in San Francisco, California September 10, 2012. REUTERS/Stephen Lam (UNITED STATES - Tags: BUSINESS SCIENCE TECHNOLOGY)

Bill Campbell, chairman of the board and former chief executive of Intuit Inc., smiles as he moderates a fireside chat with Ben Horowitz of Andreessen Horowitz during day one of TechCrunch Disrupt SF 2012 event at the San Francisco Design Center Concourse in San Francisco, California September 10, 2012. REUTERS/Stephen Lam (UNITED STATES - Tags: BUSINESS SCIENCE TECHNOLOGY)

Marc Andreessen, founder and general partner of Andreessen Horowitz, poses for Reuters in his offices in Menlo Park, California, May 8, 2012. REUTERS/Norbert von der Groeben (UNITED STATES )

Marc Andreessen, founder and general partner of Andreessen Horowitz, poses for Reuters in his offices in Menlo Park, California, May 8, 2012. REUTERS/Norbert von der Groeben (UNITED STATES )

Marc Andreessen, founder and general partner of Andreessen Horowitz, poses for Reuters in his offices in Menlo Park, California, May 8, 2012. REUTERS/Norbert von der Groeben (UNITED STATES )

Marc Andreessen, founder and general partner of Andreessen Horowitz, poses for Reuters in his offices in Menlo Park, California, May 8, 2012. REUTERS/Norbert von der Groeben (UNITED STATES )

Marc Andreessen, founder and general partner of Andreessen Horowitz, poses for Reuters in his offices in Menlo Park, California, May 8, 2012. REUTERS/Norbert von der Groeben (UNITED STATES )

Marc Andreessen, founder and general partner of Andreessen Horowitz, poses for Reuters in his offices in Menlo Park, California, May 8, 2012. REUTERS/Norbert von der Groeben (UNITED STATES )

Marc Andreessen, founder and general partner of Andreessen Horowitz, poses for Reuters in his offices in Menlo Park, California, May 8, 2012. REUTERS/Norbert von der Groeben (UNITED STATES )

Marc Andreessen, founder and general partner of Andreessen Horowitz, poses for Reuters in his offices in Menlo Park, California, May 8, 2012. REUTERS/Norbert von der Groeben (UNITED STATES )

Marc Andreessen, founder and general partner of Andreessen Horowitz, poses for Reuters in his offices in Menlo Park, California, May 8, 2012. REUTERS/Norbert von der Groeben (UNITED STATES )

Marc Andreessen, founder and general partner of Andreessen Horowitz, poses for Reuters in his offices in Menlo Park, California, May 8, 2012. REUTERS/Norbert von der Groeben (UNITED STATES )

Marc Andreessen, founder and general partner of Andreessen Horowitz, poses for Reuters in his offices in Menlo Park, California, May 8, 2012. REUTERS/Norbert von der Groeben (UNITED STATES )

Mark Cranney of venture capital firm Andreessen Horowitz poses in a conference room at the firm's headquarters in Menlo Park, California March 19, 2012. Andreessen Horowitz, a three-year-old venture capital firm, has made a big mark in Silicon Valley partly through the sheer scale of its endeavors, with big funds totaling some $2.7 billion and big investments in high-profile companies including Facebook, Twitter, Zynga and Groupon. Picture taken March 19, 2012. REUTERS/Robert Galbraith (UNITED STATES - Tags: SCIENCE TECHNOLOGY BUSINESS PROFILE)

Mark Cranney of venture capital firm Andreessen Horowitz poses for a photograph at the firm's headquarters in Menlo Park, California March 19, 2012. Andreessen Horowitz, a three-year-old venture capital firm, has made a big mark in Silicon Valley partly through the sheer scale of its endeavors, with big funds totaling some $2.7 billion and big investments in high-profile companies including Facebook, Twitter, Zynga and Groupon. Picture taken March 19, 2012. REUTERS/Robert Galbraith (UNITED STATES - Tags: SCIENCE TECHNOLOGY BUSINESS PROFILE)

Mark Cranney of venture capital firm Andreessen Horowitz poses for a photograph at the firm's headquarters in Menlo Park, California March 19, 2012. Andreessen Horowitz, a three-year-old venture capital firm, has made a big mark in Silicon Valley partly through the sheer scale of its endeavors, with big funds totaling some $2.7 billion and big investments in high-profile companies including Facebook, Twitter, Zynga and Groupon. Picture taken March 19, 2012. REUTERS/Robert Galbraith (UNITED STATES - Tags: SCIENCE TECHNOLOGY BUSINESS PROFILE)

Mark Cranney of venture capital firm Andreessen Horowitz poses for a photograph at the firm's headquarters in Menlo Park, California March 19, 2012. Andreessen Horowitz, a three-year-old venture capital firm, has made a big mark in Silicon Valley partly through the sheer scale of its endeavors, with big funds totaling some $2.7 billion and big investments in high-profile companies including Facebook, Twitter, Zynga and Groupon. Picture taken March 19, 2012. REUTERS/Robert Galbraith (UNITED STATES - Tags: SCIENCE TECHNOLOGY BUSINESS PROFILE)

Mark Cranney of venture capital firm Andreessen Horowitz poses in a conference room at the firm's headquarters in Menlo Park, California March 19, 2012. Andreessen Horowitz, a three-year-old venture capital firm, has made a big mark in Silicon Valley partly through the sheer scale of its endeavors, with big funds totaling some $2.7 billion and big investments in high-profile companies including Facebook, Twitter, Zynga and Groupon. REUTERS/Robert Galbraith (UNITED STATES - Tags: SCIENCE TECHNOLOGY BUSINESS)

Marc Andreessen, co-founder and general partner of Andreessen Horowitz, speaks during the "The Future of Technology" panel at the Fortune Tech Brainstorm 2009 in Pasadena, California July 22, 2009. REUTERS/Phil McCarten (UNITED STATES BUSINESS)

Marc Andreessen, Co-founder and General Partner, Andreessen Horowitz, speaks during the "The Future of Technology" panel at the Fortune Tech Brainstorm 2009 in Pasadena, California July 22, 2009. REUTERS/Phil McCarten (UNITED STATES BUSINESS)

Founder of Netscape Communications Corporation Marc Andreessen stands during an interview with Reuters in New York, June 22, 2009. Well-known Internet entrepreneurs Mark Andreessen and Ben Horowitz have raised $300 million for a new venture capital fund, declaring they plan to avoid the danger of forcing start-up companies to make money too soon. REUTERS/Brendan McDermid (UNITED STATES BUSINESS SCI TECH)

Founder of Netscape Communications Corporation Marc Andreessen (L) and Ben Horowitz, investor and former CEO of Opsware, Inc., smile during an interview with Reuters in New York June 22, 2009. Well-known Internet entrepreneurs Mark Andreessen and Ben Horowitz have raised $300 million for a new venture capital fund, declaring they plan to avoid the danger of forcing start-up companies to make money too soon. REUTERS/Brendan McDermid (UNITED STATES BUSINESS SCI TECH)

Founder of Netscape Communications Corporation Marc Andreessen speaks during an interview with Reuters in New York, June 22, 2009. Well-known Internet entrepreneurs Mark Andreessen and Ben Horowitz have raised $300 million for a new venture capital fund, declaring they plan to avoid the danger of forcing start-up companies to make money too soon. REUTERS/Brendan McDermid (UNITED STATES BUSINESS SCI TECH)

Marc Andreessen (L), a founder of Netscape Communications Corporation, and Ben Horowitz, investor and former CEO of Opsware, Inc., smile during an interview with Reuters in New York June 22, 2009. Well-known Internet entrepreneurs Andreessen and Horowitz have raised $300 million for a new venture capital fund, declaring they plan to avoid the danger of forcing start-up companies to make money too soon. Picture taken June 22, 2009. REUTERS/Brendan McDermid (UNITED STATES BUSINESS SCI TECH)

Marc Andreessen, investment banker and a founder of Netscape Communications Corporation, participates in an interview with Reuters in New York June 22, 2009. Well-known Internet entrepreneurs Andreessen and Ben Horowitz have raised $300 million for a new venture capital fund, declaring they plan to avoid the danger of forcing start-up companies to make money too soon. Picture taken June 22, 2009. REUTERS/Brendan McDermid (UNITED STATES BUSINESS SCI TECH HEADSHOT)

Ben Horowitz, investor and former CEO of Opsware, Inc., speaks during an interview with Reuters in New York June 22, 2009. Well-known Internet entrepreneurs Andreessen and Horowitz have raised $300 million for a new venture capital fund, declaring they plan to avoid the danger of forcing start-up companies to make money too soon. Picture taken June 22, 2009. REUTERS/Brendan McDermid (UNITED STATES BUSINESS SCI TECH)

Marc Andreessen (L), investment banker and a founder of Netscape Communications Corporation and Ben Horowitz, investor and former CEO of Opsware, Inc., smile during an interview with Reuters in New York June 22, 2009. Well-known Internet entrepreneurs Andreessen and Horowitz have raised $300 million for a new venture capital fund, declaring they plan to avoid the danger of forcing start-up companies to make money too soon. Picture taken June 22, 2009. REUTERS/Brendan McDermid (UNITED STATES BUSINESS SCI TECH)