Andreessen Horowitz's DAO Idea is DOA (SUBSCRIBER EXCLUSIVE)

Plus, Nubank's unbelievable potential.

Number of the Week: $50 billion (explanation below)

Why Andreessen Horowitz's DAO Idea is DOA

This is a hell of a week for news about venture capital, which is of course joined at the hip to fintech. Sequoia Capital, the storied VC firm where I worked for a time, announced that it will pool all of its investments into a single fund. Instead of creating f…