@eriktorenberg: Joining a16z as GP and acquiring Turpentine

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Erik Torenberg is joining Andreessen Horowitz (a16z) as a general partner, and a16z has acquired Turpentine, the network he founded. Torenberg says the role lets him combine investing, media and networks, which he describes as work he has done throughout his career for founders. He reports that Ben and Marc encouraged the move, with Marc suggesting he "do it all here, but bigger." Turpentine's shows will continue, with the acquisition providing more resources for supporting hosts and growing the network.

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Makes sense, a16z basically bought a dealflow pipeline. Wondering what was the price tag.
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I mean it was a acquihire no?
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Looks like one! Often with acquihires you get $ + equity, e.g., when agm sold his 1st startup to Facebook they got around $10M to share among the team and investors. Ofc their equity was vested, so they had to spend 4 years at FB to really get all the money.
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