A hallway-style conversation between a16z crypto's Chris Dixon, Eddy Lazzarin, and Sonal Chokshi about market conditions, cycles of innovation, and mental models for navigating crypto and web3 -- as well as the longer arc and evolution of technology; methods & metrics for measuring price-innovation cycle ebbs and flows; some key trends; and more. This episode originally ran in May 2022, as episode #1 in our new show 'web3 with a16z'. The 2022 State of Crypto report referenced can be found at a16zcrypto.com/stateofcrypto -- please sign up for our newsletter to be notified about the next report and other resources + updates: https://a16zcrypto.substack.com/As a reminder, none of this discussion should be taken as business, legal, tax, or investment advice; please see a16z.com/disclosures for more important information, including a link to a list of our investments. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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