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The bulk of your comment is an highly speculative attack on A16Z. Chris Dixon publicly stated they passed on investing initially because of technical obstacles
by fraserharris 11y ago
The bulk of your comment is an highly speculative attack on A16Z. Chris Dixon publicly stated they passed on investing initially because of technical obstacles.[1] Their investment in RapGenius was in part because Marc Andreessen tried to build it himself as part of Netscape.[2]
A VCs job is to make an ROI for the LPs. "Socially motivated" is just window dressing to attract capital that might otherwise go to a different fund.[3] The significant LPs are primarily restricted by asset allocations. You are projecting your desires onto VC to hope that it is anything different.
[1] http://www.wired.com/2013/12/oculus-vr-funding/ http://www.wired.com/2013/12/oculus-vr-funding/
[2] http://genius.com/1107425 http://genius.com/1107425
[3] Pessimistic? Sure. Better to be honest about the underlying motivations and surprised by the outcomes than not.