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The AI ownership rush
One of the more interesting side effects of the AI boom is the scramble to own pieces of it.
People crave ownership. Over the last few years, investors have poured money into SPVs that promise exposure to private companies. Secondary markets for startup
Crypto has been walled off from the real economy for years. That's changing. @eddylazzarin joins @smc90 and @rhackett to break down why crypto is entering a completely different phase, and what gets built once the rules finally catch up to the technology.
00:00 Intro
01:25
Excited to announce that I'm joining @a16zcrypto as an Investment Partner
My thesis on crypto has always been the same: if you believe the arc of technological adoption bends toward efficiency, market forces will inevitably reveal that blockchains are the most efficient
How is onchain finance different?
“The entire inefficiency of the financial system comes from the fact that you have 50,000 databases that are asynchronously updating each other, that don’t trust each other.”
Onchain finance replaces that with a shared, open substrate.
Is DeFi lending too risky?
“The way one should reason about risk when they get into those products is mostly two things. You have the operational risk, like literally, the code, is it safe? And you have the market risk, like, is the person that is borrowing the fund gonna