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a16z bet heavily on crypto ecosystem to fly. They even backed many sham concepts. But I guess their wish wasn't granted, and now looking for money from oil.
by orsenthil 4y ago
a16z bet heavily on crypto ecosystem to fly. They even backed many sham concepts. But I guess their wish wasn't granted, and now looking for money from oil.
- anongraddebt 4y agoI’m not an insider, so I wouldn’t know, but there is an alternative take on their motivations for courting the Saudi’s. Namely, they are becoming a bit like SoftBank: they’ve been raising mega funds the past couple years and have started to run out of traditional institutional investors to court. While this could be an alternative take all its own, it can also be combined with the crypto take (they aren’t mutually exclusive).