This kind of math can be pretty damaging because for every failure, the VC needs the one hit to be bigger and bigger. And with investments like Airbnb that are

This kind of math can be pretty damaging because for every failure, the VC needs the one hit to be bigger and bigger. And with investments like Airbnb that are only "disruptive" due to breaking the law, A16z is incentivized to leverage lobbyists and other tools to simply change the laws to favour their pet investments.