Investment Thesis
Network states, crypto as the foundation for digital nations and decentralized governance.
What Excites Them
Network state infrastructure, decentralized identity, crypto nations
What They Pass On
Small thinking, projects that fit within existing institutions
How to Pitch
Balaji thinks in terms of network states and crypto enabling new forms of governance.
Key Frameworks
Network State
Digital communities organized around shared values that gradually acquire physical territory and diplomatic recognition
Notable Writing
A network state is a social network with a moral proposition that crowdfunds territory
A practical guide to founding network states through cloud communities
With crypto, you need even fewer true fans because each can contribute more
Bitcoin represents the interests of the technology community against the state
Podcast Appearances
Key Quotes
“The network state is a social network with a moral proposition, a sense of national consciousness, and ultimately, a footprint of physical territory.”
— The Network State
“In the future, your network state citizenship will matter more than your nation-state citizenship.”
— Lex Fridman
Background
Former CTO of Coinbase. Former GP at a16z. Author of "The Network State". Co-founder of Earn.com.