Investment Firm Andreessen Horowitz to Help Elon Musk on Twitter
Andreessen Horowitz, also known as A16z is lending a hand to Elon Musk, Twitter’s new boss.
Assisting Elon Musk with Twitter
Sriram Krishnan, a general partner at a16z who specializes in crypto, shared a photo with a note saying he is “helping out Elon Musk with Twitter temporarily with some other great people.”
“Now that the word is out: I’m helping out @elonmusk with Twitter temporarily with some other great people. I ( and a16z) believe this is a hugely important company and can have great impact on the world and Elon is the person to make it happen,” said Krishnan on his Twitter account.
Now that the word is out: I’m helping out @elonmusk with Twitter temporarily with some other great people.
I ( and a16z) believe this is a hugely important company and can have great impact on the world and Elon is the person to make it happen. pic.twitter.com/weGwEp8oga
— Sriram Krishnan – sriramk.eth (@sriramk) October 30, 2022
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Krishnan has worked at Twitter for three years in the San Francisco area from 2017 to 2019. This is not his first time at Twitter HQ.
Krishnan was involved in the development of Twitter’s “Events” feature during his time at the company. Moreover, he boasts that in less than two years he helped grow Twitter’s user base by more than 20%.
Previously he worked at Snap, Microsoft, and Facebook. The kind of features Krishnan is working on is unclear now that he’s back at Twitter.
The Reason Behind A16z Interest
Andreessen Horowitz’s interests in Twitter is in line with the firm’s bullishness on Web3, which is often described as the next generation of the internet, where users can own digital assets or use crypto, and even be in control of their own data.
It is estimated that a16z has invested more than $7.6 billion in projects related to crypto and blockchain as of May.
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In spite of the fact that its crypto fund has fallen 40% since early this year, A16Z remains optimistic – though it remains to be seen whether its presence at Twitter will lead to Twitter becoming more Web3 friendly.
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