🚨 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.
The possibilities inspire and dazzle. A social network owned by its users. Media owned directly by the fans. Artists, writers, creators being able to own/monetize their work directly. Marketplaces where top sellers have direct stake.The use cases are endless.
I’ve gotten deeply “crypto-pilled” over the last year through investments in companies like Bitski and also spending serious time/Clubhouse conversations with the founders, community, builders, artists, collectors, shadowy super coders and many others that are making web3 happen
The a16z crypto team in my mind is the best in the business: a highly specialized crypto native team that is deeply optimistic about crypto’s future. Their cred comes from not just the history of investments but also with their history through multiple crypto cycles.
From research to data science to regulatory to media to deep operational expertise, they run deep. And their Twitter game is strong! 😉
I’ll be investing across all stages from seed-> growth. I’m particularly passionate about the intersection of media, social, consumer, community and web3 and excited to bring my background in consumer/social to it.
This is so broad+nascent and that’s what makes it fun!
If you’re working on something interesting related to the above from a new company, project, DAO, Github repo or just even an idea, drop me a note at sriramk@a16z.com or DM me!
LFG!!!
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"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.
COVID has reminded us all how important travel is. For @aarthir and me, it has has meant not being able to visit family in India. For others, it meant postponed vacations, or missing that dream trip. Or real stress over not being able to make an urgent trip in time of need.
As we slowly figure out a return to safe travel, paperwork+processes around intl. travel has been confusing. Rapidly changing vaccine/testing requirements, paperwork, and several disjointed government systems–all leading to long hours of stress and airport horror stories.