> I thought A16Z were a top-tier VC wanting to create long-term value.

They invested in Cheddr.

We're building the TikTok of sports wagering. Accessible by 18 to 21 year olds. Live in game micro betting. Swipe to predict every moment. It's sports wagering at the pace of a slot machine.[1]

They invested in Coverd.

Bet on your bills — OnlyFans, child support, and last night’s Uber. Wipe them from your credit card by playing your favorite casino games all from the comfort of our app.[2]

"We didn't build Coverd to help people inhibit their spending; we built it to make spending exciting. We let spenders win twice – the second time is when they play it back and win. Our users want immediacy and upside. Coverd gamifies transactions with real financial leverage, meeting users where they are and turning spending into a moment they look forward to," said Albert Wang, co-founder & CEO of Coverd.[3]

[1] https://player.vimeo.com/video/1067223945

[2] https://archive.is/XWKEI

[3] https://www.prnewswire.com/news-releases/coverd-launches-app...

sofixa12 hours ago | | | parent | | on: 47762075
Coverd is impressively next level sociopathic. I love how their first common spending example is OnlyFans, it figures the type of person who imagined this needs a paid parasocial "romantic" relationship.