Web3

“It's also web, like, crypto and web, like, it's, I, personally, I think of it as, like, open access, meritocracy, borderless, anyone can do it. A kid on the streets in India has the same access to that Discord channel as a kid growing up in Greenwich going to …”

“I really do think that web three and having a Dow or something that looks like a Dow acquiring a share of a large operating business with the potential to be a billion dollar plus IP franchise is a huge, huge step forward for the space.”

“I mean, there's a massive generational transfer of wealth that's happening right now, and the incumbents don't like it. Insiders don't love the fact that anybody can get onto these on rails and operate in this system, but it's such a cool thing.”

“And I think what you're going to see over the next five, 10 years is when you Insert a token. If you insert, you know, a JPEG, a video, an NFT, and you allow people to share upside in the group and allow to, you know, and allow them to vote on where this group…”

“90% of web three ideas, MVP it in web two and just learn. And then if you can add a web three component, once you've understand the problem set a lot better, I think that makes a lot more sense just cause it's harder to build on web three.”

“In, in many cases, centralized services will win or hybrid, you know, decentralized by ethos, but centralized to some extent by like certain aspects of the user experience, you know, I think are maybe going to ultimately win”

“All these other industries, even tech to a degree, because Silicon Valley is an eighties thing, right? As much as it evolved into what it was, Silicon Valley already had its core. I think everybody's sort of figuring it out together and came to it through some…”

“Like, in, in tech, I lived in San Francisco in the Bay Area for a long time, not anymore, luckily, but there, it's like, it's only really one type of person, and it gets a bad rep for that, but it's like a lot of the tech bro is like what it gets a rep for. Wh…”

“And the reality with a lot of it is it's sort of a natural evolutionary feature, this hype, because it draws a ton of capital, but also a ton of talent into the space that will build the next layer of innovation. So even if we go through kind of a cycle where …”

“And that's, I think more entrepreneurs is a good thing, and I think Web Three is actually producing more entrepreneurs than ever before.”

“What Web three is doing or could do for Twitter is give, give the people who give value to Twitter two things. One is economics, and the second is governance.”

“If there's an area of web three, that's quite flawed. It's your online identity and the way that you kind of credential identities online. It's today. It's very much about what you have, like what's in your wallet, how much capital is there How expensive is yo…”

“These really low switching costs in web three and all of these open protocols end up resulting in a lot of pressure on companies to build products that just like point blank serve consumers better. I think like from a venture perspective too, like I think the …”

“So people can come for a financial incentive, but if they're staying for a financial incentive I think that's a problem. People should be staying, especially if it's a game, they should be staying for the love of the game.”

“I'm not one of the revisionists that believes that we're going to strip out TCP IP and replace it with web three. But I do believe and am quite optimistic that parts of our future are going to be supplemented by these technologies. But I do think it's still a …”

“Crypto was this new way for people to earn an income online and not only could they earn an income, they were actually earning ownership in the projects that they were participating in which I thought was so interesting and something that had never been possib…”

“Mark Zuckerberg is not stupid. He completely understands what is going on in web three and why they have to change as a business. You know, knowing many people at Meta, they get it because they won't exist otherwise.”

“And in like an internet native world, hiring everybody as a contractor or W two employee that wants to contribute to the network is just not possible. Like it's literally not possible. So the friction that you can remove by tokenizing some of that process is i…”

“So, for example, in 2021, in the hip to crypto mania, we had an offer, I don't think I've publicly said this, but we had an offer for, we had a hundred, someone willing to give us one hundred million dollars To go build a studio incubator around web three star…”