Molly WhiteMar 11, 2024

Kickstarter's bizarre blockchain announcement in December 2021 makes so much more sense now that we know Andreessen Horowitz secretly promised them $100 million to pivot to a blockchain-based product built on the also-a16z-backed Celo blockchain.

At the time, I wondered why COO Sean Leow was so insistent on the move despite being apparently very confused about the whole concept.

https://fortune.com/crypto/2024/03/11/kickstarter-blockchain-a16z-crypto-secret-investment-chris-dixon/
(archive: https://web.archive.org/web/20240311124253/https://fortune.com/crypto/2024/03/11/kickstarter-blockchain-a16z-crypto-secret-investment-chris-dixon/)

#AndreessenHorowitz #crypto #blockchain #kickstarter

The untold story of Kickstarter’s crypto Hail Mary—and the secret $100 million a16z-led investment to save its fading brand

Inside the once-hot startup’s struggle to regain relevance despite a massive check from the crypto arm of venture giant Andreessen Horowitz.

Fortune
Show threadAdriano
@molly0xfff @molly0xfff It's interesting that seemingly intelligent people are so often incapable of differentiating their feelings of, "it's cool that a blockchain can do that", and "moving my product's fundamentals on to the blockchain will be good for business and our customers".
Mar 11, 2024 at 4:21pmWeb