In his acceptance speech at the NAACP Image Awards this weekend, Jay-Z recited a quote that struck me: “It’s not the number of years in your life that count. It’s the amount of life in your years.” The quote echoed a question I had been pondering a couple days before I saw his acceptance speech on Sunday: “If today was your last, how would you assess the extent to which you’ve lived a full life?” Later Sunday evening, I learned Nipsey Hussle was murdered. I’ve had several conversations with friends about his death. This man was having a real impact in his neighborhood, and had a big vision. He wasn’t finished yet. His death is a reminder to remain focused on the reason we’re on this earth and handle our business there.
So, Andreessen Horowitz isn’t a venture capital firm anymore. Wow. The firm recently registered all of its employees as financial advisors and gave up its venture capital exemptions in order to be able to invest deeper in the cryptocurrency space. I’m not quite sure what to make of this, but I am curious to see how it impacts recruiting. I don’t get the sense that folks interested in VC are particularly interested in taking financial advisor reviews and being audited.
I’ve been skeptical of opportunity zones for some time now, and this piece reinforces my feelings. It’s been quite distressing watching firm’s like Anthony Scaramucci’s Skybridge Capital lay the groundwork for massive funds to take advantage of the incentives in program. The opportunity zone program is supposed to foster investment in distressed communities, but I worry that firms like Skybridge will muscle out investors like Nipsey Hussle who was also laying the groundwork to take advantage of the program. This article does a nice job laying out the roots of the opportunity zone program about which I knew little. I look forward to learning more here.