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This week, cryptocurrency exchange platform Coinbase announced that it is launching its own NFT platform to take on OpenSea, an existing NFT platform. Some techies aptly pointed out that both Coinbase and OpenSea are backed by Andreessen Horowitz, leading to questions around competitive conflicts that could arise from having a shared investor (it’s unclear if a16z ever sold its shares in Coinbase after it went public).
As we discussed on Equity this week, the idea of having competitive companies within the same portfolio feels uncomfortable. It could impact how open each company is with its investors, and, as we saw with Hinge Health, can cause tension if there’s an overlap in advi …
