on FT's Tech Tonic podcast, Dixon said that power on the internet is currently held by a small group of companies.
"I don’t think this is a good outcome," Dixon said."The idea of having the internet controlled by five companies is very bad for entrepreneurs and bad for VCs.” Since the start of the crypto arm in 2018, a16z has raised more than $7.6 billion to invest in crypto and blockchain companies. That includes its, established in May with $4.5 billion even as the market tumbled. Bitcoin has fallen from last November's record high of $69,000 to as low as $17,000 in June.
Dixon said he views the slide as a chance to make more investments: “In venture capital, you’re hopefully buying low and selling high ... so my experience has been downturns have been opportunities.” Several leading names in traditional finance are beginning to use blockchain technology on a daily basis. On Monday, the Depository Trust & Clearing Corp. , which processes all trades in the U.S. stock market, said it is handling
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