“We don't know. There's all these unknowns about who…” — The a16z Show at 19:29
“We don't know. There's all these unknowns about who captures value, as you said. I'm sure loss rates are going to go up over time. All we can think about is how we build the firm, and the results will play out over time. Again, we think there's just massive power laws. We talked about it, and the winners are going to…”
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