News Summary

• a16z Growth just published its September State of Markets deck.
• It runs 90 slides, and most of it covers macro: chips, memory, power, defense, robotaxis.
• The B2B, venture, and startup sections are where the data gets useful for founders.
• Some of it confirms what you already feel in your pipeline, and in a couple of places a slide’s own title contradicts its own data.
• Here are the 10 learnings that matter for B 2B + AI founders and investors.