[jsheard]

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.

[bix6]

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?

[bpt3]

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.

[bix6]

They are huge but only like 4% of the entire VC market so not necessarily enough to substantially move it?

[bpt3]

They are held in very high regard and are very well connected so other VCs will throw money at their portcos.

[cactusplant7374]

Probably not hard to return the fund when Coinbase is in their portfolio.

[bix6]

Do you know what round / multiple they got?

[NuclearPM]

What is a16z?

[crote]

> AH 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.