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Dear Gentlepeople, can I point out the Elephant in the room, or better the one leaving it. The most interesting part (especially for HN) is not where A16Z is going, but what it is leaving behind: VC. Setting aside the shift in social tide for a moment, why does A16Z think there will be no more profit in VC? Any thoughts?

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They don't, they're still doing VC. This just lets them invest in other things as well (like crypto).

That may be true, but the fact that they need the new path to make larger investments outsides of VC raises the question how much VC money will be left. Furthermore the change still implies that they think other investment opportunities might be more profitable than the one they were actually quite successful in.

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