Marc Andreeson and Ben Horowitz of a16z
AH Capital Management is the venture capital firm founded by Marc Andreesen and Ben Horowitz and it’s been listed as one of the main players that helped Musk acquire Twitter. The founders of the venture firm also called a16z are practically kingmakers in the tech startup world. They’ve been on board since at least May, originally saying they “believe in Ev and Jack [Dorsey, the original Twitter co-founder] vision to connect the world and we believe in Elon’s brilliance to finally make it what it was meant to be.”
And what is that vision, you may ask? Andreesen and Horowitz are big into the promises of “Web3,” which mostly exists today as an ill-defined dream of a decentralized internet. Dorsey had envisioned Twitter as a decentralized platform and had regretted allowing it to go public. Sriram Krishnan, a crypto partner at a16z, was brought into the fold to assist in Musk’s transition. Although there could be some disagreement between Dorsey’s vision and what a16z actually wants—at least if you think Dorsey unfollowing Krishnan on Twitter is indicative of deeper resentment or ideological differences.
It’s especially interesting to note that recent reports have alleged that Musk has paused development of a crypto wallet compatible with Twitter. Just what is going on inside may only become clear after some of the dust clears.
