Two schools of thought in tech strategy I think are fundamentally new, as impactful as ‘crossing the chasm’ or ‘Porter’s six forces’ and will probably be taught in B-schools in future.
5. Lots of the great work by @onecaseman , @joshelman and others. Think Reforge in collaboration with @bbalfour and @andrewchen and @far33d and others is one good "central" place to find this.
(since there's so much interest in this, I'm going to create a web page just to get all this in one place)
Large groups of talented engineers, builders, designers, marketers, etc are moving to web3. Working full-time/starting something/seriously considering it.
My personal move to crypto prompted multiple conversations from peers. Some themes
🧵
1/ It's a new, unexplored design space.
Protocol design, tokenomics, wallet sign-in, governance mechanisms, nuances of building on-chain, etc all feel fresh and new and unexplored in design, acquisition, core loops.
This *freshness* and frontier-feeling energizes builders.
2/ Growth + in the zeitgeist: If 2020 was the summer of DeFi, 2021 was definitely the year of NFTs and DAOs taking over not just our corner of the tech industry but also popular culture.
It follows that smart+ambitious people want to go where growth/the zeitgeist is headed.
🚨 ANN: I’m super thrilled to finally be able to announce this - I’m moving to the a16z crypto team and will be investing only in web3/crypto going forward.
I’ve spent the last decade working at the heart of broad consumer platforms. I’ve also been lucky to invest in some amazing consumer companies at a16z. My passion has always been around consumer and community experiences that have broad impact.
It’s become clear to me web3 represents the next big leap in computing. Why? Because web3 and tokens represent something unique: builders and users can *own* what they use. This will unleash creativity and energy not seen since the early days of the internet and the mobile phone.
"Ratcheting" , schelling fences and the organizational imperative:
organizational processes often have a "ratcheting" effect in one direction. Little steps (with good intentions) add up and systems end up in red-tape/bad places if there's no counterbalance.
Find a bug → implement another review sign-off layer → lose code productivity
Find wasteful expense → another check-box/training → no one can spend $ with flexibility
Find bad post on platform → another content rule → you're removing a lot of content you didn't intend to
What's challenging about these is these always look well-intentioned in the specific example, there's no way to measure the combination+precedent. As @VitalikButerin says "the slippery slope argument fallacy is to assume all slippery slope argumens are fallacious"
Something @aarthir and I talk about is how lucky we got at multiple levels professionally.
- born in early 80s. Got into workforce post dotcom crash but pre GFC in 2007
- dial up internet access in India.
- accidentally fell in love with coding/computers/internet communities.
these accidents wound up compounding in many unexpected ways. For example a lot of the nerdy kids we hung out with online in the mid 2000s from our bedrooms in India all went on to do great things in tech.
Also at the heart of why I think tech/internet is the great opportunity equalizer. A laptop+internet connection is all you need regardless of your background.
Web3 with pseudonymous identities/pfps/etc is the latest expression of that.
When I talk to some consumer founders/ leadership about web3 , I sometimes get asked the below.
- "Is it real?"
- "what's the deal with gm/wgmi/etc?"
- "It's hard to hire talent now"
- "What does it mean for me/us?" (most interesting!)
🧵
"Is it real?"
If you haven't been convinced of web3 already, I don't assume to convince you now (but do check out @cdixon or @packyM or @punk6529's writing).
a) this is where I see most creative energy flowing from builders of all kinds. That's usually *something*
b) Most new things start off looking like toys. XmlHttpRequest+the iPhone looked silly once too.
c)I always urge ppl to dig in/play around. Join a few Discords. Write some solidity code. You'll learn so much more on what's going on than from reading others.