Comment on Christie's Deletes Digital Art DepartmentparentComments−jsheard1yExcept for a16z who are multi-track-grifting with both at the same time, and trying to find ways to put crypto in AI, or AI in crypto, or something.−bix61yCan you expand on this? I see this brought up a lot but if they don’t return capital they’ll have to shut down?−bpt31yThey are big enough that they basically make the market in venture.The fact that even they couldn't force much interest in web 3.0 should tell you what a bad idea it really is.−bix61yThey are huge but only like 4% of the entire VC market so not necessarily enough to substantially move it?−bpt31yThey are held in very high regard and are very well connected so other VCs will throw money at their portcos.−cactusplant73741yProbably not hard to return the fund when Coinbase is in their portfolio.−bix61yDo you know what round / multiple they got?−NuclearPM1yWhat is a16z?−crote1yAH Capital Management, LLC (commonly known as Andreessen Horowitz, or a16z) is an American privately held venture capital firm, founded in 2009 by Marc Andreessen and Ben Horowitz.$46B under management, so one of the larger players.
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Except for a16z who are multi-track-grifting with both at the same time, and trying to find ways to put crypto in AI, or AI in crypto, or something.
Can you expand on this? I see this brought up a lot but if they don’t return capital they’ll have to shut down?
They are big enough that they basically make the market in venture.
The fact that even they couldn't force much interest in web 3.0 should tell you what a bad idea it really is.
They are huge but only like 4% of the entire VC market so not necessarily enough to substantially move it?
They are held in very high regard and are very well connected so other VCs will throw money at their portcos.
Probably not hard to return the fund when Coinbase is in their portfolio.
Do you know what round / multiple they got?
What is a16z?
$46B under management, so one of the larger players.