E1: Ben Horowitz on What Traditional VC Gets Wrong

Co-founder of Andreessen Horowitz (a16z) and one of the most influential venture capitalists of the last decade

Ben Horowitz

"Turpentine VC" | Venture Capital and Investing

- AI is ahead of Web3 in terms of use cases and products
- AI has been in development since 1943 and is now working well
- Web3 started in 2008 and is younger than AI
- Web3 has potential for fair networks and financialization, but also a casino aspect that requires regulation
- Performance and usability improvements are needed for Web3 adoption
- Regulatory clarity is necessary for broad Web3 adoption
- Open source AI is safer than centralized control
- A16Z is not focused on price and efficiency like BlackRock and Apollo
- A16Z treats LPs as long-term partners and respects their opinions
- Macro factors are unpredictable and not a focus for A16Z
- A16Z is concerned about the regulatory environment and anti-innovation sentiment
- A16Z is working to shape policies for a prosperous future in innovation
- A16Z believes in making technology good for society and addressing challenges like pandemics and climate change.

Ben Horowitz (of A16Z): On AI vs. Web3