Easy lesson here: don't raise a ton of money just because you can. The valuation that was set and the terms that come with it limit their exits by an inordinate

Easy lesson here: don't raise a ton of money just because you can. The valuation that was set and the terms that come with it limit their exits by an inordinate degree, and I don't imagine for a second their plans required the amount of capital they raised. Also, if you're an LP of a16z, don't let Horowitz waste $40m just because he wants to hang out with rappers.