BLOWING UP THE VENTURE CAPITAL MODEL (AGAIN) In just a decade, Andreessen Horowitz has backed a bevy of startup blockbusters—Facebook, Instagram, Twitter, Airbnb, Lyft, Skype, Slack—and made just as many Silicon Valley enemies. To stay ahead, it’s taking the unusual step of renouncing its venture capital status—and making even bigger, riskier bets. BY ALEX KONRAD. NEW BILLIONAIRE: DOWAGER OF DENIM Levi’s is thriving again—and enriching members of its founding family, including Mimi Haas. Plus: the top-earning hedge fund managers and traders. RICHEST BY STATE: JOHN OVERDECK New Jersey’s richest man is a prize-winning mathematician and a hedge fund quant. Buy, hold, sell: Snag the Sassen, sack the Pét-Nat.
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