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This is totally believable and such a disappointment to me. I remember back when Andreessen Horowitz was founded and at the time I thought it was a breath of fr

This is totally believable and such a disappointment to me. I remember back when Andreessen Horowitz was founded and at the time I thought it was a breath of fresh air among VCs. I even went by their offices and talked with one of their in-house recruiters about some of their portfolio companies. Sad to see them fall so far. I got into computers because I could help people by making software. Since then "value for value" has done a lot to guide how I spend my time. Seeing them and so many others get sucked into anything that makes money, no matter how poisonous, feels like such a loss.

spamizbad 4y ago
Carl Icahn called out a16z's dirty dealings almost a decade ago but there was still too much rage and fallout from the financial crisis for him to be taken seriously outside of the realm of finance. VCs were the good guys and the hedge fund managers were the bad guys back then. To me, I am just appalled at how deeply cynical the whole crypto/web3 thing ended up being. I was always bearish on it but I assumed at least the people investing in it were true believers.
- nradov 4y ago
  Carl Icahn personally accused Marc Andreesen of cheating eBay shareholders when he was on the Board and they sold Skype in 2009. I don't know or care whether the accusations are true but you can read more about it here. Marc Andreessen: 'False and Misleading Accusations' Made Against Me - WSJ https://blogs.wsj.com/moneybeat/2014/03/03/marc-andreessen-false-and-misleading-accusations-made-against-me/ https://blogs.wsj.com/moneybeat/2014/03/03/marc-andreessen-f...
  - specialist 4y ago
    Facebook Conflict-of-Interest Suit Reveals (Hilarious) Coaching Texts Between Mark Zuckerberg and Marc Andreessen [2016] https://nymag.com/intelligencer/2016/12/conflict-of-interest-suit-reveals-zuck-andreessen-texts.html https://nymag.com/intelligencer/2016/12/conflict-of-interest... -- "The NCSA at the University of Illinois claimed that Andreessen and Bina had stolen Mosaic from the university and demanded the product’s name be changed. They were also told to quit distributing their product. Andreessen decided that he would not quit offering the software, but he did agree to change the name to Netscape Communications Corporation. The University of Illinois was not completely satisfied until an agreement was reached on December 21, 1994. The University of Illinois received a financial settlement that cost Netscape around $3 million." Who is Marc Andreessen, Silicon Valley’s Billionaire Kingmaker? [2022] https://history-computer.com/marc-andreessen-complete-biography/ https://history-computer.com/marc-andreessen-complete-biogra... -- I'm sensing a pattern.

spamizbad 4y ago

Carl Icahn called out a16z's dirty dealings almost a decade ago but there was still too much rage and fallout from the financial crisis for him to be taken seriously outside of the realm of finance. VCs were the good guys and the hedge fund managers were the bad guys back then. To me, I am just appalled at how deeply cynical the whole crypto/web3 thing ended up being. I was always bearish on it but I assumed at least the people investing in it were true believers.

nradov 4y ago
Carl Icahn personally accused Marc Andreesen of cheating eBay shareholders when he was on the Board and they sold Skype in 2009. I don't know or care whether the accusations are true but you can read more about it here. Marc Andreessen: 'False and Misleading Accusations' Made Against Me - WSJ https://blogs.wsj.com/moneybeat/2014/03/03/marc-andreessen-false-and-misleading-accusations-made-against-me/ https://blogs.wsj.com/moneybeat/2014/03/03/marc-andreessen-f...
- specialist 4y ago
  Facebook Conflict-of-Interest Suit Reveals (Hilarious) Coaching Texts Between Mark Zuckerberg and Marc Andreessen [2016] https://nymag.com/intelligencer/2016/12/conflict-of-interest-suit-reveals-zuck-andreessen-texts.html https://nymag.com/intelligencer/2016/12/conflict-of-interest... -- "The NCSA at the University of Illinois claimed that Andreessen and Bina had stolen Mosaic from the university and demanded the product’s name be changed. They were also told to quit distributing their product. Andreessen decided that he would not quit offering the software, but he did agree to change the name to Netscape Communications Corporation. The University of Illinois was not completely satisfied until an agreement was reached on December 21, 1994. The University of Illinois received a financial settlement that cost Netscape around $3 million." Who is Marc Andreessen, Silicon Valley’s Billionaire Kingmaker? [2022] https://history-computer.com/marc-andreessen-complete-biography/ https://history-computer.com/marc-andreessen-complete-biogra... -- I'm sensing a pattern.