Welcome to Web 3 with A16Z, a show about building the next generation of the internet

from the team at A16Z crypto.

This episode features Brian Armstrong, CEO and co-founder of

Coinbase in conversation with A16Z crypto founder and managing partner Chris Dixon.

The conversation was originally

recorded at our founder summit in November. It covers the aftermath of FTX

and the rise of crypto in politics. But it also goes into company building at scale,

lessons for directing product development,

how to balance core business with disruptive innovation,

and more.

As a reminder, none of the following should be taken as business, legal, tax, or investment advice.

Please see A16Z.com slash disclosures for more important information, including a link to a list of our investments.

So I don't think Brian needs an introduction, but I'll very briefly the co-founder of

Coinbase, we've worked together for now. It's actually 10 years this month we

invested in Coinbase base which was a thank you very very good

investment for us and I thank you yeah honestly and we have some I was just we were

just reminiscing backstage. It was exciting

So I think we'd first met in I think it was like February of 2013

When you were doing your series A and then I remember coming by a few times to visit you guys you had like eight people in that apartment. And then I kind of messed it up,

and I think I gave you too low a valuation offer.

And you guys passed on the series A I think.

But the series B we came back to talk.

...