I agree with you! But Andressen's contention ain't about OpenAI or SpaceX - it's about money pits like Kong, Envoy, or Illumio that should have IPOed or SPACed

I agree with you! But Andressen's contention ain't about OpenAI or SpaceX - it's about money pits like Kong, Envoy, or Illumio that should have IPOed or SPACed in 2019-21 but have founders who chose to remain private because they would have been screwed over by the public market. From an A16Z leadership perspective, they have a significant roster of 2011-19 vintage startups that they would have preferred to list so they could redeploy capital (and make their carry), but didn't because listing sucks if you're a founder (as Pat pointly elucidated on multiple occasions during 20-22 while raising his growth round). And their valuations are too high so later stage investors push back in board meetings. As yk, it's business - we're all looking for our own net benefits, but some are more let's say "personalist" about their positions. And to reiterate, I agree with your stance and point - I'm just trying to voice the other (imo unjustified and greedy) PoV that explains some of the statements and actions coming out of these guys. It's not like I have many places to kvetch without career ending implications - I can only annoying Dan P enough times