How Did Andreece and Horowitz Become So Big in Silicon Valley

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Andreece and Horowitz co-founder Mark Andreessen has blocked me on Twitter because I made fun of him. But anyway, you spoke to Chris Dixon, who heads up their crypto fund. And he's by far the most vocal investor on Web3. How did it become such a big deal in Silicon Valley? Well, you've really got to go back to the early 90s when the internet was in its infancy. Back then, it was mostly run by computer researchers and hobbyists. You needed pretty much a computer science degree really to get online. Internet is growing grid of independent computer networks interlaced. It's evolved from a US military bulletin.

In the second episode of the latest season of Tech Tonic, FT columnist and host Jemima Kelly tries to understand why an influential Silicon Valley investment firm thinks that Web 3 is a good bet. Will blockchain technology really be the foundation of a new internet era? Is Web 3’s promise to decentralise the internet going to pose a challenge to companies such as Facebook and Twitter? The FT’s innovation editor John Thornhill interviews Chris Dixon, head of Andreessen Horowitz’s crypto fund, and Jemima talks to Molly White, author of the Web3 Is Going Just Great blog.

Presented by Jemima Kelly. Special thanks to John Thornhill. Edwin Lane is senior producer. Produced by Josh Gabert-Doyon. Executive producer is Manuela Saragosa. Sound design by Breen Turner, with original music from Metaphor Music. The FT’s head of audio is Cheryl Brumley.

News clips credits: CBC, NBC, CNN.

Read a transcript of this episode on FT.com

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