[mbesto]

> I see this as reporting on a player in an industry that a substantial number of their subscribers are either exposed to, or interested in.

Except the implication of the article is that A16Z funds are getting "worse" and thus underperforming ( = "A16Z must be a bad firm") making it newsworthy. I am far from an A16Z fanboy, but this is not newsworthy.

Normally business journalists refer to industry expert (for example, an LP analyst) to determine whether "is this bad or good?" rather than what appears to be "IRR is down, this must be bad".