# We raised $2.2B. Here’s why.

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- URL: https://a16zcrypto.com/posts/videos/we-raised-2-2b-heres-why
- Authors: [Chris Dixon](https://a16zcrypto.com/team/chris-dixon), [Ali Yahya](https://a16zcrypto.com/team/ali-yahya), [Guy Wuollet](https://a16zcrypto.com/team/guy-wuollet), Eddy, [Robert Hackett](https://a16zcrypto.com/team/robert-hackett)
- Published: 2026-05-05
- Updated: 2026-05-07
- Focus areas: company building, announcements & news
- Format: videos

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We’re announcing a16z crypto’s Fund 5: $2.2B in committed capital to back the startups and founders who are building the next era of crypto. All four GPs sat down to talk through where crypto is right now, what’s changed, and where it may be headed next. Chris Dixon, Ali Yahya, Guy Wuollet, and Eddy Lazzarin join Robert Hackett to cover…

[Embedded media](https://www.youtube.com/embed/02lOpm8Lku4?feature=oembed)

00:00 Open  
01:31 Why raise Crypto Fund 5 now  
02:10 The GENIUS Act and what regulatory clarity unlocks for builders  
04:32 Why stablecoins are crypto’s WhatsApp moment  
08:54 Why the next era of crypto founders will be pragmatic, not ideological  
11:49 From cypherpunk revolution to crypto’s “collared shirt era”  
15:02 Programmable money meets AI  
21:15 Onchain capital markets for compute, energy, and credit  
25:57 Why finance is the foundation, not the ceiling  
28:48 AI agents as first-class economic actors  
38:19 Why privacy is the only moat  
41:26 Jevons paradox and the future of blockspace demand  
43:20 Jolt and the zero-knowledge breakthrough  
58:15 Writing the next chapter of Read Write Own

Resources:  
Chris Dixon: https://x.com/cdixon  
Ali Yahya: https://x.com/alive\_eth  
Eddy Lazzarin: https://x.com/eddylazzarin  
Guy Wuollet: https://x.com/guywuolletjr  
Robert Hackett: https://x.com/rhackett

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As always, none of the following should be taken as investment, business, legal, or tax advice. Please see a16z.com/disclosures for more important information, including a link to a list of our investments.

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Source: [We raised $2.2B. Here’s why.](https://a16zcrypto.com/posts/videos/we-raised-2-2b-heres-why) — a16z crypto. Full archive: https://a16zcrypto.com/posts