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After all instagram did something very similar, used VC investment to boost sale price. And it seemed to work very well. Can we expect some surprise news from github? I don't know, but that can sure be one valid reason for raising such money which they clearly don't need to work on the product in it's current form.

That would make AH look like complete fools, judging by the blog post. Not happening.

Why would they look like fools? Investors got 2X in a couple of weeks in insagram's case IIRC.

From github's announcement:

"They (AH) clearly have no interest in the status quo of venture capital."

"we're excited to partner with Andreessen Horowitz to help us make it happen"

"They want to help founders build great companies."

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