This is the year the world came onchain.
When we launched our first State of Crypto report, the industry was still in its adolescence. The total crypto market was worth about half what it is today. Blockchains were much slower, more expensive, and le
Each year, the State of Crypto report from a16z crypto cuts through the noise and tracks crypto’s evolution across markets, technology, policy, and culture.
Now in its fourth edition, the 2025 State of Crypto report reveals how crypto has gone ma
Tina Ferguson of a16z’s Tech Talent and People Practices team offers guidance on “Managing a Distributed Workforce.” Because of the decentralized mindset and evolving business models at the heart of crypto, founders and managers face unique challenges. In such a fast-moving space, for example, it’s important to hire someone who has the right skills now and will also adapt to what’s required in 12-18 months. Compensation, which could include the allocation of tokens rather than more-traditional shares, also requires close attention. When hiring in other countries, teams must consider employment laws, as well as whether to use Professional Employer Organizations (PEOs) to move quickly via local contacts on important hires. Finally, real-time feedback is especially crucial in a distributed workforce, as is clear and timely dissemination of information.
Andreessen Horowitz’s Crypto Startup School brought together 45 participants from around the U.S. and overseas in a seven-week course to learn how to build crypto companies. Andreessen Horowitz is partnering with TechCrunch to release the online version of the course over the next few weeks.
Find more Crypto Startup School videos plus additional reading and info: https://bit.ly/2ThsHen