You can't project a16z's performance based on what happened on exchanges.
During the ICO boom, they got access to tokens before they ICO'ed, usually at 70-90% discounts. They also make a lot of equity investments into the companies behind the protocol.
I have no idea what their numbers look like right now. And it will be hard to judge as most of their investments are illiquid at this point and don't know how they'll work out. Chia, Filecoin, Libra, ... haven't launched so could end up being worth a lot or could be worth 0.
During the ICO boom, they got access to tokens before they ICO'ed, usually at 70-90% discounts. They also make a lot of equity investments into the companies behind the protocol.
I have no idea what their numbers look like right now. And it will be hard to judge as most of their investments are illiquid at this point and don't know how they'll work out. Chia, Filecoin, Libra, ... haven't launched so could end up being worth a lot or could be worth 0.