We Deserve a Better Internet
It’s time. We need an internet that can help us retain leadership in a world of increasing competition, unlock opportunity for the millions on the margins of the innovation economy, and enable people to take control of their digital lives. The solution is web3—the third generation of the internet—a group of technologies that encompasses digital assets, decentralized finance, blockchains, tokens, and DAOs. Together, these tools enable new forms of human collaboration. They can break through the stalemates that define too many aspects of public life and help communities make better collective decisions about critical issues such as how networks will evolve, what behaviors are permitted online, and how economic benefits are distributed. We are radically optimistic about the potential of web3 to restore trust in institutions and expand access to opportunity. But realizing that potential depends on smart policy. Good regulation establishes a framework for how innovation can benefit society while managing the real risks that might otherwise harm consumers. It’s time to define that vision. It’s time to build a better internet.
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Digital authoritarianism and big tech are, in the long run, incompatible with a healthy open society. web3 is a better way to build digital platforms that are directly accountable to their users.
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Too many of our digital systems are broken. They leak data and leave too many people behind. web3 platforms are decentralized, democratized, and far more resilient and inclusive.
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Confidence in institutions is at an all-time low. web3 creates new modes of participatory, accountable governance, improves auditability, and introduces technologies to balance the competing needs for transparency and individual privacy.
The Team
Our team includes former officials drawn from across government. As the largest investor in the space, we know web3—but we also understand public service.
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Ben Horowitz Cofounder & General Partner
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Chris Dixon General Partner
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Ali Yahya General Partner
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Arianna Simpson General Partner
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Anthony Albanese Chief Operating Officer
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Miles Jennings Crypto General Counsel
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Michele Korver Head of Regulatory
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Jai Ramaswamy Chief Legal Officer
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Scott Walker Chief Compliance Officer
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Bill Hinman Advisory Partner
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Brian Quintenz Head of Policy, Crypto
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David Sverdlov Regulatory Counsel
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Paul Cafiero Communications
Perspectives
We don’t have all the answers, but we’re eager to work with policymakers, civil society, and other partners to define an affirmative vision for how to use these powerful new tools to benefit society. To unlock the full potential of these technologies, policymakers should:
- Prioritize the Development of World-class, Decentralized Digital Infrastructure
- Create Targeted, Risk-calibrated Regulatory Solutions for Different web3 Activities
- Establish Cross-agency Strategies and Consider a Tailored, Comprehensive Approach to web3 Regulation
- Bring Disclosure-based Regulation Into the 21st Century
- Provide Clear, Fair Tax Rules for the Reporting of Digital Assets, and Consider Technical Solutions for Tax Compliance
- Unlock the Potential of DAOs
- Align web3 with ESG
Resources
Latest in web3 Policy
- Next Steps to Win the Future: New ideas for our web3 policy platform By Tomicah Tillemann, Jai Ramaswamy, Miles Jennings, and James Rathmell
- Our Proposals to the Senate Banking Committee By Tomicah Tillemann, Miles Jennings, and James Rathmell
- Stablecoins, Stability, and Financial Inclusion By Katie Haun, Tomicah Tillemann, and James Rathmell