a16z is just responding to market demand. Regardless of your personal beliefs in crypto, investors have made a killing, and are convinced that more nuggets must

a16z is just responding to market demand. Regardless of your personal beliefs in crypto, investors have made a killing, and are convinced that more nuggets must be out there in those hills... If you can raise a $300M fund and charge 2%/yr to maintain it, that's $6M worth of headcount luxuriously plugging away up on Sand Hill Road. Keep in mind: Venture Capitalists mostly invest other people's money, and charge a great deal to take care of it in the mean time.