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twitter started as a protocol the free speech wing of the free speech party then corporate and political incentives led to de-platforming and censorship web3 offers the possibility not guarantee of something better
Google isn't giving interviews to you know a random person from Microsoft you know anytime soon
well big fan of Adam I actually don't know what his plans are on this um a percent chance I think it's hard to tokenize a very large existing network okay because you know when folks have tried to bolt on economics on to things where they spend a lot of time optimizing all the social stuff yeah it tends to make people mad and so it's sometimes easier to do it over dinner
all intra-company email has been pulled out with slack right
we're right at that peak right now
one of the theses that we have at a 16z which we've talked about publicly is a whole Carlota Perez Gartner hype cycle kind of thesis
I think the firm has done pretty well and you know it's something where early and slack and early and Airbnb and all this other great stuff so ultimately you know the price you pay is market determined
I think it's vodka just sour grapes by the other VC firms who weren't willing to pay the price that you were ... now I think we're really kind of in the club
when in dreesen Horowitz came into the space I said hey we're going to disrupt things a little bit we're gonna hire a huge staff and we have a bunch of support services that other VCS don't have
the investment so general partners can you know invest on their own if they have conviction and in fact not just us but many other firms have found that the best deals are often the most polarizing deals as well as the worst deals right
the kind of stuff that really got me excited was stuff that was hard technology and especially stuff in regulated industries
I you know invest in all the stuff which was the crazy stuff pushing the future but especially genomics digital currency and you know like reinventing government that type of stuff
I go to my inbox on LinkedIn I have 18,000 actions and I I don't think I've ever gotten any quality anything that benefited me that's right so I'd literally have given up looking at it
one of my theses is of Facebook Twitter and LinkedIn LinkedIn has the least engagement of users on there and the reason I would I would say that is the case is that it's really a commercial network not a social network
LinkedIn in mail even is kind of you know lacking as a product maybe in some respects is a five hundred million a year business for LinkedIn
if anyone here is use LinkedIn there's an in mail feature where people can pay LinkedIn to be in your inbox but you don't get paid and senders also want to send mass messages they can't do that they want to send surveys and stuff like that they can't do that so they can actually pay you for your time and that might seem like a small thing but LinkedIn in mail even is kind of you know lacking as a product maybe in some respects is a five hundred million a year business for LinkedIn there's a huge