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by kwanbix 1048 days ago
What is crazy is that he was able to raise 350 millions from a16z for what is basically a simple property management company. After all the sh*t he did. And then you go to a16z with an idea, and they reject it because it is not innovative enough. Then VCs wonder why 80% of their investments fail to produce the expected money on average.

https://techcrunch.com/2022/08/16/how-a16zs-investment-into-...

1 comments

Reminds me of Matt Levine's fantastic Moviepass article

https://www.bloomberg.com/opinion/articles/2019-08-07/moviep...