We believe that web3 will dramatically impact the media and entertainment landscape. We are already seeing this take shape within music, art, and storytelling.
Large, centralized social networks and their advertising business models have taken a negative toll on creators and media companies. Web2 has disintermediated those creating incredible work from reaping the true financial benefit and the communities that want to support their work.
For example, compare Meta’s nearly 100% take rates across Facebook and Instagram to NFT marketplace OpenSea’s 2.5%.
We believe that web3 gives media and content creators the tools to directly engage with their audience and monetize in a way that genuinely rewards the value of their work.
As we continue to invest in founders and startups that look to shape this web3 future, we want to bring on some of the leaders at the heart of the media, entertainment, and content creation industries.
That’s why I’m thrilled to welcome Richard Rosenblatt as our newest senior advisor at a16z crypto. Richard is one of the pioneers of digital media. He has had a storied career founding and running multiple media technology companies, including iMall, Intermix/Myspace and Demand Media.
In addition to joining us as a senior advisor to our crypto fund, Richard is currently the Chairman of two portfolio companies – ADIM and Autograph. I’m thrilled that he will now be an invaluable resource to our portfolio companies.
We couldn’t be more excited to bring him onboard as we continue to expand within Los Angeles.
The views expressed here are those of the individual AH Capital Management, L.L.C. (“a16z”) personnel quoted and are not the views of a16z or its affiliates. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by a16z. While taken from sources believed to be reliable, a16z has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. In addition, this content may include third-party advertisements; a16z has not reviewed such advertisements and does not endorse any advertising content contained therein.
This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by a16z. (An offering to invest in an a16z fund will be made only by the private placement memorandum, subscription agreement, and other relevant documentation of any such fund and should be read in their entirety.) Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by a16z, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. A list of investments made by funds managed by Andreessen Horowitz (excluding investments for which the issuer has not provided permission for a16z to disclose publicly as well as unannounced investments in publicly traded digital assets) is available at https://a16z.com/investments/.