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Inside a16z’s Boot Camp for Crypto Startups
Andreessen Horowitz is betting the house on crypto. (Yes, really.) This spring, the VC firm schooled a new batch of founders that it hopes can prove the technology is good for more than scams and speculation.
But blockchain, the digital accounting ledger behind crypto networks, which follows precoded rules changeable only by popular vote, can wrest some control away from the world’s largest tech companies and return the internet to its egalitarian roots—or so Dixon contends. Valyu Network, meanwhile, turns data intended for use in training AI models into tokens, creating a system for licensing and tracing the provenance of information as a means of addressing alleged abuses of copyright. They had clearly been instructed to cut through the technobabble with pithy lines more likely to lodge in the memories of prospective investors: “Join us in our mission to bring trust to science and healthcare,” entreated Caspar Barnes, co-founder of AminoChain, at the end of his speech.
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