As of November 30, 2025, Andreessen Horowitz (a16z) remains a privately held venture capital firm and has not gone public via an IPO. (en.wikipedia.org) Major U.S. VC peers commonly discussed alongside a16z—such as Sequoia Capital and Founders Fund—are also still structured as private firms rather than listed asset managers. (en.wikipedia.org)

There have been reports that General Catalyst is exploring an IPO and could become the first U.S. VC firm to go public, but as of now this remains exploratory and no IPO has occurred. (axios.com) Meanwhile, several venture-capital-style investment firms are publicly traded (e.g., Molten Ventures in the UK, JAFCO in Japan, HBM Healthcare Investments in Switzerland), but these were listed long before the 2022 podcast episode and are generally not the U.S. Sand Hill Road "peer group" under discussion. (en.wikipedia.org)

Because (1) Andreessen Horowitz has not yet IPO’d and (2) none of its obvious U.S. VC peers have gone public ahead of it either, the claim that a16z is "very likely" to be the first major VC firm to IPO has neither been confirmed nor falsified. It will only be clearly wrong if another peer actually lists before a16z, or clearly right if a16z is the first among that group to go public. Therefore the prediction’s status is inconclusive (too early to tell).