Except for a16z who are multi-track-grifting with both at the same time, and trying to find ways to put crypto in AI, or AI in crypto, or something.

bix6 2 days ago | parent | next [-]

Can you expand on this? I see this brought up a lot but if they don’t return capital they’ll have to shut down?

bpt3 2 days ago | parent | next [-]

They are big enough that they basically make the market in venture.

The fact that even they couldn't force much interest in web 3.0 should tell you what a bad idea it really is.

They are huge but only like 4% of the entire VC market so not necessarily enough to substantially move it?

	▲	bpt3 2 days ago \| parent [-]
		They are held in very high regard and are very well connected so other VCs will throw money at their portcos.

Probably not hard to return the fund when Coinbase is in their portfolio.

	▲	bix6 2 days ago \| parent [-]
		Do you know what round / multiple they got?

NuclearPM 2 days ago | parent | prev [-]

What is a16z?

	▲	crote 2 days ago \| parent [-]
		> AH Capital Management, LLC (commonly known as Andreessen Horowitz, or a16z) is an American privately held venture capital firm, founded in 2009 by Marc Andreessen and Ben Horowitz. $46B under management, so one of the larger players.