I followed these guys pretty closely back then and this is close to my recollection as well. One addition I had to check on, which confused me at the tilt was

I followed these guys pretty closely back then and this is close to my recollection as well. One addition I had to check on, which confused me at the tilt was how Balaji was so closely involved in 21 yet also a partner at Andreesen Horowitz, which I had read about their daily and weekly routine and was clearly a full time job. Balaji went from founder to "advisor" of 21 pretty quickly, becoming a partner of a16z in the interim. After things went to shit at 21 he went back as full time CEO. Reasons for how that went down are speculative. The results are not though. The exit is real but wow is it questionable. Conflicts of interest seemingly all over the place. I don't know who else is on Coinbase's cap table but I'd love to hear their takes on the acquisition. You can read Balaji's congratulatory take in his own words on what he did here. [0] I also recall Balaji positioning himself for a position in the Trump administration which saw him scrub his entire twitter history. If anyone recalls more details from that episode feel free to add them. [0] https://medium.com/@balajis/the-turnaround-2d145589d814 https://medium.com/@balajis/the-turnaround-2d145589d814