Smart rich people are the opposite of cheap. They have more money than time, know it, and are perfectly happy to trade one for the other.
Building organizations is expensive, unpredictable and takes a long time. Buying organizations is more expensive in the short term, but also far more predictable and much faster. So if you have more money than time and need an organization to get something done, buying one is far more rational than "paying a clueless but competent nerd peanuts".
I'm not saying a16z is doing that here, btw. I'm just saying that you're wrong.
Building organizations is expensive, unpredictable and takes a long time. Buying organizations is more expensive in the short term, but also far more predictable and much faster. So if you have more money than time and need an organization to get something done, buying one is far more rational than "paying a clueless but competent nerd peanuts".
I'm not saying a16z is doing that here, btw. I'm just saying that you're wrong.