
a16z VC on crypto criticism and their $4.5 billion bet (with Sriram Krishnan)
Explicit content warning
06/09/22 • 41 min
Welcome back, this week Lucas and Anita discuss investor drama facing blockchain startups during the market crash and the major piece of crypto legislation that just went live on the US Senate floor.In their interview this week, Anita and Lucas chat with Sriram Krishnan. Krishnan is a general partner at Andreessen Horowitz (a16z), which he joined after a trifecta of senior roles at Twitter, Facebook and Snap. Krishnan recently joined the crypto team at a16z, which recently debuted a new $4.5 billion crypto mega fund. We chatted about crypto controversy and opportunities in web3 social with Krishnan. Our interview was edited for length and clarity.
Subscribe to the Chain Reaction newsletter to dive deeper: https://techcrunch.com/newsletters
Helpful links:
- https://techcrunch.com/2022/06/08/proposed-bipartisan-us-crypto-bill-could-be-sigh-of-relief-for-the-industry/
- https://techcrunch.com/2022/05/25/amid-crypto-downturn-a16z-debuts-4-5-billion-web3-mega-fund/
- https://twitter.com/levie/status/1531498735137476608
Chain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.
Welcome back, this week Lucas and Anita discuss investor drama facing blockchain startups during the market crash and the major piece of crypto legislation that just went live on the US Senate floor.In their interview this week, Anita and Lucas chat with Sriram Krishnan. Krishnan is a general partner at Andreessen Horowitz (a16z), which he joined after a trifecta of senior roles at Twitter, Facebook and Snap. Krishnan recently joined the crypto team at a16z, which recently debuted a new $4.5 billion crypto mega fund. We chatted about crypto controversy and opportunities in web3 social with Krishnan. Our interview was edited for length and clarity.
Subscribe to the Chain Reaction newsletter to dive deeper: https://techcrunch.com/newsletters
Helpful links:
- https://techcrunch.com/2022/06/08/proposed-bipartisan-us-crypto-bill-could-be-sigh-of-relief-for-the-industry/
- https://techcrunch.com/2022/05/25/amid-crypto-downturn-a16z-debuts-4-5-billion-web3-mega-fund/
- https://twitter.com/levie/status/1531498735137476608
Chain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.
Previous Episode

Outdoor Voices’ founder on scaling a new crypto startup in a downturn (with Ty Haney)
Welcome back, this week Lucas and Anita argue about Coinbase’s latest management strategies, whether Do Kwon being called the new Bernie Madoff is a fair comparison, and why the OnlyFans founder is the latest web2 entrepreneur pivoting to crypto.
In their interview this week, Anita and Lucas chat with Ty Haney. Haney is the founder of athleisure empire Outdoor Voices, though she’s recently departed the company to start a new effort around getting brands to embrace NFTs. We chatted with her about founding a crypto startup in a downturn, keeping her company well-capitalized and how she pivoted from yoga pants to non-fungible tokens.
Subscribe to the Chain Reaction newsletter to dive deeper: https://techcrunch.com/newsletters
Helpful links:
- https://techcrunch.com/2022/05/28/coinbase-real-time-feedback-dot-collector-ray-dalio/
- https://techcrunch.com/2022/05/26/onlyfans-founder-crypto-debut-influencer-trading-cards/
- https://techcrunch.com/2022/05/26/longtime-bitcoiner-dan-held-says-this-crypto-winter-wont-be-as-harsh-as-others/
Chain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.
Next Episode

Crypto’s latest crash and where web3 falls short (with Aaron Levie)
Welcome back, this week Anita and Lucas discuss another stressful week for crypto markets which has pushed even bullish investors into bearish territories. We also chatted about growing crypto regulation efforts and Jack Dorsey’s latest effort called “web5”.
In their interview this week, Lucas and Anita chat with Aaron Levie. Levie is the CEO of enterprise software company Box. While his day job doesn’t have anything to do with the blockchain, he has attracted the ire of plenty of crypto VCs for sharing thoughts on Twitter about why web3 won’t work. We caught up with Levie about some of his biggest complaints and what it would take for him to angel invest in a crypto startup.
Subscribe to the Chain Reaction newsletter to dive deeper: https://techcrunch.com/newsletters
Helpful links:
- https://techcrunch.com/2022/06/14/coinbase-ceo-says-it-is-laying-off-18-of-its-workers/
- https://techcrunch.com/2022/06/13/as-celsius-accelerates-the-crypto-sell-off-who-pays-the-price/
- https://techcrunch.com/2022/06/14/binance-crypto-exchange-hiring-plans-fight-crypto-winter/
- https://techcrunch.com/2022/06/13/crisis-on-the-blockchain/
- https://twitter.com/levie/status/1477052989881782272
Chain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.
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