a16z: Crypto Applications

9 Blockchains break network effects Why? Because token upside is inversely proportional to network effect. You can now give early adopters an equity-like stake in the network to reward them for inviting others. Ⓒ2020 Andreessen Horowitz. All rights reserved worldwide. AFTER BLOCKCHAIN: The smaller the network, the more potential future value for each user Value to user (USD equiv) STARTUP Token upside (future value) BEFORE BLOCKCHAIN: The larger the network, the more present value to each user f Network utility (present value) Size of network (N) Charts provided herein are for informational purposes only and should not be relied upon as investment advice; past performance is not indicative of future results a16z

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