EUVC VC | E326 | Richard Muirhead, Fabric Ventures on decentralizing the future - Web3 x AI and why does it matter
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Jun 20, 2024 Richard Muirhead from Fabric Ventures discusses Web3, AI, and decentralization. They explore the impact on big tech, the evolution of Web3, challenges in investing, and key learnings in the venture capital industry. The conversation highlights the transformative potential of Web3 and the role of decentralized communities in reshaping the internet.
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From Engineer To Web3 VC Founder
- Richard described his early career from engineering to founding companies and helping Accel set up London.
- That path led him to spot timing gaps and eventually found Fabric to focus on deep tech and Web3.
Web3 Redefines The Internet's Foundations
- Web3 returns the web to open, programmable, and financially expressive roots by redesigning compute, data, and governance layers.
- Richard argues this is necessary for a human-centric internet that avoids extractive platform dynamics.
AI And Web3 Create A Critical Fork
- AI plus powerful platform network effects create a watershed with two possible extremes: intensified surveillance capitalism or decentralized human-centric systems.
- Web3 combined with AI gives a path to preserve individual agency and unlock collective creativity at planetary scale.