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Stock impact report

A16z partner shares 3 things founders should be able to 'materialize' if they want to be successful [Business Insider]

Opendoor Technologies Inc (OPEN) 
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in A16z general partner Alex Rampell said founders need to materialize labor, capital, and customers. Labor can be challenging, especially in a white-hot AI talent market . Customers are often the hardest to find. Capital is about storytelling. "Can they convince people like me to give them money?" Rampell asked. Any good founder should be able to deliver this trifecta, according to Andreessen Horowitz general partner Alex Rampell. The VC has a long history in the startup game. He invested in and advised startups such as Pinterest and CardSpring before joining A16z, where he has led deals with Plaid Mercury , and Opendoor On the "20VC" podcast , Rampell shared three criteria for founders: "You want to invest in people that can materialize labor, capital, and customers." Labor is the first piece — and often the hardest to meet. As the AI ta Show less Read more
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