AI systems are breaking an internet that was designed at human-scale — by making it cheaper than ever to coordinate, transact, and generate voice, video, and text that are increasingly indistinguishable from human activity. We’re already beset w
Walk through a bazaar as a tourist, and you’ll witness a spectacle: people buzzing everywhere, gawking at merchandise, comparing wares, sampling items, haggling with every vendor, exchanging coins. It looks like one-off commerce — each intera
Web3 business models – incentive design, value creation, value capture, and more – are an exciting and still-evolving challenge for founders. Harvard Business School professor and a16z research partner Scott Kominers walks founders through this additional layer of complexity, from what makes web3 business different to frameworks for creating sustainable competitive advantage.