@eriktorenberg: Joining a16z as GP and acquiring Turpentine

Makes sense, a16z basically bought a dealflow pipeline. Wondering what was the price tag.

I mean it was a acquihire no?

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.