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> industry trends

Why? The VC firms never invest in an "industry", i.e., there are no such 'index funds'.

Instead, VC firms invest in individual companies, and there what is just crucial is what the company does. If the company looks good, then mostly to heck with the darned industry.

> Or they're simply handling recruitment for a stealth portfolio startup.

In this case, poor startup: A16Z is doing a "piss poor" job 'helping' the startup!



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