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A16Z is obviously well known, but are they respected? I naïvely assumed that they would have access to enough expertise and deal flow to avoid the most absurd l
by orzig 4y ago
A16Z is obviously well known, but are they respected? I naïvely assumed that they would have access to enough expertise and deal flow to avoid the most absurd losers, but a few examples in the last few months have made me question that.
And an important follow up question: do they have enough dry powder to keep sustaining these things?
- thesausageking 4y agoa16z is an odd fund. They've made a ton of money in crypto investing in projects, pumping them, and then dumping on retail. Most crypto insiders view them as completely toxic and won't touch projects they've backed. But a16z has such a strong brand in general tech and is so great at PR, I don't see them slowing down anytime soon. They're making way too much money.
- TimJRobinson 4y agoYes and yes, they just raised a $4.5B round a few months ago.