[JumpCrisscross]

> a16z are shrewd, smart operators...if you had the Buffet/Elon effect (genuine ability to move markets) and could, why wouldn't you trade on it

Because you want to keep it. a16z's returns have been bottom-tier for a while. It's partly why they switched models from VC to retail asset manager. (The other part was to trade crypto.) That lack of returns translates to a lack of carry, which corrodes one's ability to attract and retain talent. It's a doom loop they've been floundering in for at least half a decade.

[ilikerashers]

I know a London-based VC who calls them the Daily Mail of Venture Capital.

Loud, noisy, full of half truths, sensationalist.