The biggest problem with A16Z dumping at the top while using the "we're so early" lines to get exit liquidity is that they are a seed/growth fund, not a hedge f

The biggest problem with A16Z dumping at the top while using the "we're so early" lines to get exit liquidity is that they are a seed/growth fund, not a hedge fund. It just ruins their credibility when talking about web3/crypto. If a hedge fund does this sort of thing, they're just trying to maximize profit, which isn't especially bad if they're not simultaneously telling retail investors that they are getting in on the ground floor. Edit: not saying A16Z is dumping on retail, just that it looks really bad for them if they are.