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Comment by khurs | Hacker News Reader

Andreessen Horowitz - $51.65m... are they the Goldman Sachs (Vampire Squid) of the Tech world?

The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.

https://www.rollingstone.com/politics/politics-news/the-grea...

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Has a16z already boasted about this investment, or is that podcast episode coming out later this year?

Honestly, that comparison is insulting to Goldman Sachs. Goldman at least sometimes provides funding for things beneficial to humanity: infrastructure projects, small business loans, and the like. A16Z has transitioned fully to various incarnations of casino apps and getting rich by getting people addicted to gambling, they are a purely negative force in the world with no upside whatsoever.

Show me something Goldman has done that wasn't for the return %.

That's not what I argued and you are misrepresenting my point. My argument is that, at least sometimes, Goldman invests in positive-sum trades which make the world better off, even if they extract too much for themselves in fees and leverage. By contrast, the various investments A16Z makes are negative-sum and only manage to make the world worse.

Putting a face on "externalizing costs".

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