This is just VCs trying to corner the market on promising startups. If A16Z takes 20%+ ownership in all reasonable startups even at high prices they may still c

This is just VCs trying to corner the market on promising startups. If A16Z takes 20%+ ownership in all reasonable startups even at high prices they may still come out ahead when one of those is the next FB. They are blocking smaller VCs out of the market, rather than thinking clubhouse will specifically become profitable.