Stupid, especially coming from a VC that is very knowledgeable of the amortization of returns on a portfolio: 9 companies fail for every single success. Google acts like a big VC fund, obviously many initiatives fail. Why would he judge Google for failed initiatives while he himself is a poster child of waste?

No doubt there are useless jobs but the main example he gives is failed initiatives by Google.

What about failed initiatives (“startups”) at a16z?