[mrep]

> Is A16Z simply hoping he'll recreate the hype and they'll be able to cash out before it all comes crashing down?

Yes, this is the same VC firm that argues against 10 year exercise windows in the hopes that employees who leave will elect not to exercise their earned vested options in the normal 90 day window thus forfeiting their options and reducing investor dilution [0]. They'll do anything to make an extra buck.

[0]: https://news.ycombinator.com/item?id=11963551