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A16Z has an awful reputation in crypto circles. They're considered a mercenary VC and there's a dominant assumption that if A16Z has led a round, they'll likely
by spaceman_2020 4y ago
A16Z has an awful reputation in crypto circles. They're considered a mercenary VC and there's a dominant assumption that if A16Z has led a round, they'll likely do an "airdrop" or similar token generation event just so they can sell their own tokens and get exit liquidity.
Sad to see a name like A16Z reduced to this.
- EMM_386 4y ago> Sad to see a name like A16Z reduced to this. It really is. These ICOs were essentially considered "free money". Mint a coin, put some power behind it, profit. This isn't a business, it's a get rich quick scheme.