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Unwrapping the Gift
joincolossus.comThe a16z Marketplace 100: 2023 | Andreessen Horowitz
a16z.com
Everyone’s software is good enough. Software used to be the weapon, now it’s just a tool.
In a world of scarcity, we treasure tools. In a world of abundance, we treasure taste. The barriers to entry are low, competition is fierce, and so much of the focus has shifted — from tech to distribution, and now, to something else too: taste. [2]
Taste is
... See moreAnu Atluru • Taste Is Eating Silicon Valley.

The current path forward is that the VC fund will attempt to buy “tokens at a discount” from a DAO. This is what a16z did with Maker, what a16z did with Solana, and what Sushi is considering doing now.
Hart Lambur • Success Tokens: An Incentive Aligned Way for VC Funds to Invest in DAOs
A16Z is realizing that innovation is becoming even more important and that it’s becoming much harder to figure out what to build and who to build it with.
Dror Poleg • Betting the Firm
In those kinds of situations, I think companies can create custom bundles where they can keep control and can even sell common stock—which is the ultimate hack. They can make sure they don’t give up board seats, they don’t give up vetoes on M&A and option pool issuances and future fundraising.