A16Z didn't invest more in Instagram because of a portfolio conflict; they had already invested in Picplz, and decided they couldn't continue to back Instagram

A16Z didn't invest more in Instagram because of a portfolio conflict; they had already invested in Picplz, and decided they couldn't continue to back Instagram (which was Brbn, a social check-in app, when they invested). A costly adherence to their own ethical rules, but it reinforces how seriously Andreessen Horowitz takes portfolio conflict. source: https://bits.blogs.nytimes.com/2012/04/20/how-andreessen-horowitz-fumbled-an-instagram-investment/ https://bits.blogs.nytimes.com/2012/04/20/how-andreessen-hor...