a16z crypto

a16z crypto is a venture capital fund that invests in crypto and web3 startups We recently announced a $4 5 billion fourth fund, bringing our total funds raised to more than $7 6 billion

The first era of the modern internet (roughly 1990-2005) was about open protocols that were decentralized and community-governed Most of the value accrued to the edges of the network: users and builders

The second era of the internet (roughly 2005-2020) favored siloed, centralized services Most of the value accrued to a handful of large tech companies We are now beginning the third era of the internet — what many call web3 — which combines the decentralized, community-governed ethos of the first era with the advanced, modern functionality of the second era This will unlock a new wave of creativity and entrepreneurship

a16z crypto supports our portfolio and the growth of web3 through:

• Engineering and security teams
• Legal and regulatory teams

podcast: web3 with a16z

a show about building the next internet, from a16z crypto