Investing in Orbit | Andreessen Horowitz

The work of building a great community goes much farther beyond simply moderating a Slack group. A great community needs regular events and meetups. They need ways for leaders to step up and invent their own traditions, create their own events, and run their own sub-groups. Leading a community requires making it easy for members to become advocates... See more

There are actually about a dozen platforms designed to fill this need - and they make up about a $2-3B annual market for brand community platforms today. Community-building is nearly as old as the internet, and so much has been developed since the advent of message boards and forums. 

To create stronger community ownership, web 3.0 networks should move away from resourcing startup capital from centralized, opaque, and hierarchical VCs