Marc Andreessen News

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On Sunday, American entrepreneur Marc Andreessen posted a screenshot of what appears to be a Twitter user impersonating his name to promote a "free crypto" giveaway. "What algorithm could possibly catch this type of content?" asked Andreessen. To which Tesla's CEO Elon Musk replied, "Humans," sparking a discussion on how to best curate the high number of cryptocurrency scams and spam ads on the platform.

Billionaire investor Warren Buffett has once again slammed Bitcoin, asserting he “wouldn’t take” all of the BTC in the world for just $25.

Crypto investor Katie Haun has raised $1.5 billion for her new fund after leaving Andreessen Horowitz, and shattered multiple records in the process.

The cryptocurrency market has failed to make significant headway in recent months, but that hasn’t stopped the industry’s builders from building. Nonfungible tokens (NFTs), crypto mortgages, blockchain-powered cellular networks and Web3 gaming have all piqued the interest of venture capitalists. These new and familiar investment themes headline the latest edition of VC Roundup, as venture funds continue to target blockchain’s most promising value plays. 

web3.' The VCs and their LPs do.,Jack Dorsey tweeted this esoteric salvo in late December, not long after he stepped down as the head of Twitter to focus on advancing his Bitcoin ambitions. The post, swiping at the power held by venture capitalists and their limited partners as they try to reorganize the internet around blockchain technology, an effort known as web3, soon set off a public feud among members of the Silicon Valley ruling class. The dispute over what many herald as the next arena of technological revolution has drawn increasingly hard lines. Elon Musk is with Dorsey; Marc Andreessen is his enemy. The web3 revolution, backers say, promises the democratization of commerce and information by building a better internet on blockchain networks — distributed ledger systems that form the basis of Bitcoin and other cryptocurrencies. It theoretically would cut out traditional middlemen and gatekeepers, letting users transact directly and have a greater stake in the programs they use.

I recently came across Marc Andreessen’s article from 2014 on Bitcoin (BTC). In many ways, it is visionary (no surprise). I have been in the industry for four years now, with most of my focus being on the social impact of blockchain. It is astonishing to me that in 2014, before there was any institutional presence in Bitcoin — or, indeed, a popular understanding of this new technology — Andreessen was able to outline its potential economic and social impact for the future.