The author shares insights from a recent trip to New York City, recalling personal experiences in the tech scene over the past 15 years. He emphasizes the strong fundamentals of NYC companies and their focus on sustainable growth, contrasting it with the hype often seen in Silicon Valley.

This article presents the first “State of Markets” slide deck from a16z, highlighting trends in AI and company performance in both private and public sectors. It discusses the dominance of tech companies and the significant revenue growth among top performers, while questioning whether current valuations indicate a market bubble.