While I respect that they claim not to be about accumulating wealth (and it does feel as if this is genuinely true compared to more traditional VCs), this looks

While I respect that they claim not to be about accumulating wealth (and it does feel as if this is genuinely true compared to more traditional VCs), this looks a bit like the Google X of VC. I suspect that they have generated enough returns from their seed investments that they no longer have outside LPs for a lot of the stuff they do, allowing them to freely pursue off the wall ideas (the exception here is probably their continuity fund). I'm not sure how sustainable this is in the long term. They would have to keep churning out Airbnbs, which is not guaranteed.