Snapshot · The a16z Show
Goldman Sachs CEO David Solomon, along with Fidelity, BlackRock, and Stripe, publicly endorsed the CLARITY Act, signaling broad institutional support for crypto market structure legislation.
Where this was said
At 41:10 · chapter starts 38:05
Chris Dixon pulls back the curtain on what the biggest financial institutions are actually doing with blockchain technology, as opposed to what they say publicly. They all have real, significant deployments either live or ready to launch pending regulatory clarity — this is way past the 'dipping a toe in' experimental phase. The underlying driver is structural: many major banks still run on COBOL code bases from decades ago, too intertwined to upgrade independently. Blockchains give the entire financial industry a unified coordination layer — a shared standard to modernize together rather than each institution trying to upgrade its own isolated systems. Dixon illustrates the dysfunction of the status quo with a vivid anecdote: a16z once wired funds for an international portfolio company financing and couldn't find the money two weeks later. The reason? There is no global wire system — just banks passing pieces of paper between each other. Stablecoins, built on blockchain infrastructure, function as a true global network the way the internet itself does. Goldman CEO David Solomon, Fidelity, BlackRock, and Stripe have all publicly endorsed the CLARITY Act, Dixon notes — no one needs to take his word for it.
Major banks still run on COBOL code bases too intertwined to upgrade independently. Blockchains give the entire financial industry a unified coordination layer to modernize together. Every major institution — Goldman, Fidelity, BlackRock, JPMorgan — has significant live deployments ready to scale with regulatory clarity.
Marc Andreessen and Chris Dixon argue that imposing downstream liability on software developers would kill open source, academic research, venture investing, and ultimately the entire software industry.
Proposals to hold software developers liable for downstream use of their code would kill open source development first, then academic computer science research, then venture investing, then startups — in that order. Marc Andreessen is unambiguous: this is the goal.
Sam built Algrow from zero to $14,000 in monthly revenue within just six months of shipping his first MVP.
Algrow reached over 10,000 users in roughly six months, driven almost entirely by organic Discord community growth.
Sam acquired his first 400 users entirely through Discord communities, without paid advertising or traditional outreach.
Algrow added exactly 480 new paying customers in its most recent month, demonstrating strong ongoing growth.
Sam's Stripe dashboard showed over £10,000 in revenue in the last four weeks, equivalent to roughly $13,000–$14,000 USD.
Sam gave all early users free access so they could show the tool to friends, turning them into live demos and advocates who helped the product spread virally.
By silently screen-sharing his tool in Discord voice chats rather than posting links, Sam attracted curiosity without violating no-self-promo server rules.
Before building Algrow, Sam and two friends made over $10,000 in revenue through affiliate marketing for RizzApp by posting faceless texting story content.
Bhanu grew SiteGPT to $13,000 monthly recurring revenue entirely through organic channels, spending nothing on paid marketing.
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