Well, it's not a bad thesis in 2014. They seem to have had a pretty big hand in killing their baby in 2022, by bundling it with a crypto startup with a URL that already fails to DNS resolve <3 years later: https://a16z.com/announcement/investing-in-prologue/

“Web3 is the next big leap for computing” in the first paragraph is a giveaway for a post that was written in that short window between Covid and the FTX collapse.

The shitcoins are still with us, but at least nobody pretends they’re going to be used for anything except things like bribing the president.