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>> “This is a unique situation, we’ve never seen it before and we don’t expect to see it again,” said a spokesperson for Andreessen Horowitz. This is the golde
by iaw 10y ago
>> “This is a unique situation, we’ve never seen it before and we don’t expect to see it again,” said a spokesperson for Andreessen Horowitz.
This is the golden line in the article, with the "bend the rules" mantra VC's have for their founders I suspect we'll be seeing more of these come to light in the future. Thinking this to be an isolated incident could be very wishful thinking.
Even if AH expects every Unicorn to go through a similar event in the near future they wouldn't say as much to the press, there is no benefit for them as VC fund.
- x0x0 10y agoThis may be isolated in the sense of how very clearly against the law/regulations the behavior was, and some of those laws/regulations appear to have teeth if regulators wish them to.