Hacker News new | past | comments | ask | show | jobs | submit login

Well, there are certainly some non-cynical reasons. But one obvious one is that if you sell 10 Million of your token to A16z I bet you won't have much trouble selling billions of your token to the masses. I'm sure A16z is perfectly sincere about being long-term focused investors, but they're so perfectly positioned for pump-and-dump style schemes they may wind incurring their ill effects accidentally.



Join us for AI Startup School this June 16-17 in San Francisco!

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: