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From Chris Dixon's of a16z post [1] (Coinbase's largest investor) at the launch of a16z crypto: "We are long-term, patient investors. We’ve been investing in c
by chirau 8y ago
From Chris Dixon's of a16z post [1] (Coinbase's largest investor) at the launch of a16z crypto:
"We are long-term, patient investors. We’ve been investing in crypto assets for 5+ years. We’ve never sold any of those investments, and don’t plan to any time soon. We structured the a16z crypto fund to be able to hold investments for 10+ years."
Makes this all sound like speculation
[1] https://a16zcrypto.com/2018/06/introducing-a16z-crypto/ https://a16zcrypto.com/2018/06/introducing-a16z-crypto/
- Gustomaximus 8y agoOr could be a negotiating tactic on price. Or they didn't expect a big offer as they wrote this. As investors, everything is for sale. They aren't going to stick to the 10 year plan half way through if billions are put on the table.