4 ms·

I've heard of other VC firms with similar models of having a lot of support services baked into their business. Does anyone know if what A16Z doing is actually

• t212 5y ago
  Sequoia does this too.
• jjeaff 5y ago
  I had a company funded by a smaller VC 6+ years ago that offered services like this. The reality was that it was a real pain. They offered "discounted" services but the discounted rate was far more expensive than what we could find for ourselves. And we had to deal with the pressure of their soft sales pitch for everything. Our in house bookkeepers are only $50 an hour, use out legal firm for $500/hr. Our tax accountant, on and on. Honestly, I didn't want them to have their fingers in so much detail even though they are investors and as someone who has been doing this for a good while, I already have contacts that will do a better job for cheaper.
  • mattzito 5y ago
    If they're trying to make money off of the services, that's a key problem. It's one thing if it's "Hey, we have a relationship with this random uniquely qualified individual who is expensive, and that's between you and them" and maybe there's a friend and family discount. It's a very different thing when they are trying to get you to book services thay they get revenue from.