goodlisten

Episode

#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs
listen on Spotify
2:31:55
Published: Thu Oct 28 2021
Description

Brought to you by UCAN endurance products powered by SuperStarch®, Theragun percussive muscle therapy devices, and Tonal smart home gym.Chris Dixon (@cdixon) is a general partner at Andreessen Horowitz, where for the past six years he has been an active seed and venture-stage investor.Previously, Chris co-founded and served as the CEO of two startups, SiteAdvisor and Hunch. SiteAdvisor was an internet security company that warned web users of security threats. The company was acquired by McAfee in 2006. Hunch was a recommendation technology company that was acquired by eBay in 2011.Chris has been a prolific seed investor, co-founding Founder Collective, a seed venture fund, and making a number of personal angel investments in various technology companies. Chris started programming as a kid and was a professional programmer after college at the high-speed options trading firm Arbitrade. He has a BA and MA in philosophy from Columbia and an MBA from Harvard.He has written about his theories and experiences as an entrepreneur and investor on Medium and before that at cdixon.org. His a16z Podcast appearances can be found here.Naval Ravikant (@naval) is the co-founder and chairman of AngelList. He is an angel investor and has invested in more than 100 companies, including many mega-successes, such as Twitter, Uber, Notion, Opendoor, Postmates, and Wish. You can subscribe to Naval, his podcast on wealth and happiness, on Apple Podcasts, Spotify, Overcast, or wherever you get your podcasts. You can also find his blog at nav.al.For more Naval-plus-Tim, check out my wildly popular interview with him from 2015—which was nominated for “Podcast of the Year”—at tim.blog/naval. We also had a second long-form conversation in 2020, and you can find that here. His most recent appearance was helping me interview Ethereum creator Vitalik Buterin here.Please enjoy!*This episode is brought to you by UCAN. I was introduced to UCAN and its unique carbohydrate SuperStarch® by my good friend—and listener favorite—Dr. Peter Attia, who said there is no carb in the world like it. I have since included it in my routine, using UCAN’s powders to power my workouts, and the bars make great snacks. Extensive scientific research and clinical trials have shown that SuperStarch provides a sustained release of energy to the body without spiking blood sugar. UCAN is the ideal way to source energy from a carbohydrate without the negatives associated with fast carbs, especially sugar. You avoid fatigue, hunger cravings, and loss of focus.Whether you’re an athlete working on managing your fitness or you need healthy, efficient calories to get you through your day, UCAN is an elegant energy solution. My listeners can save 30% on their first UCAN order by going to UCAN.co/Tim.*This episode is also brought to you by Tonal! Tonal is the world’s most intelligent home gym and personal trainer. It is precision engineered and designed to be the most advanced strength studio on the market today. Tonal uses breakthrough technology—like adaptive digital weights and AI learning—together with the best experts in resistance training so you get stronger, faster. Every program is personalized to your body using AI, and smart features check your form in real time, just like a personal trainer.Try Tonal, the world’s smartest home gym, for 30 days in your home, and if you don’t love it, you can return it for a full refund. Visit Tonal.com for $100 off their smart accessories when you use promo code TIM100 at checkout.*This episode is also brought to you by Theragun! Theragun is my go-to solution for recovery and restoration. It’s a famous, handheld percussive therapy device that releases your deepest muscle tension. I own two Theraguns, and my girlfriend and I use them every day after workouts and before bed. The all-new Gen 4 Theragun is easy to use and has a proprietary brushless motor that’s surprisingly quiet—about as quiet as an electric toothbrush.Go to Therabody.com/Tim right now and get your Gen 4 Theragun today, starting at only $199.*For show notes and past guests, please visit tim.blog/podcast.Sign up for Tim’s email newsletter (“5-Bullet Friday”) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Discover Tim’s books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissFacebook: facebook.com/timferriss YouTube: youtube.com/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, and many more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Chapters
Chris Dixon is a General Partner at Andreessen Horowitz, a venture capital firm, where he has worked as an investor for six years.
00:00 - 03:26 (03:26)
listen on Spotify
Chris Dixon
Summary

Chris Dixon is a General Partner at Andreessen Horowitz, a venture capital firm, where he has worked as an investor for six years. He has also co-founded Founder Collective, a seed venture fund, and has made several personal angel investments in technology companies.

Episode
#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs
Podcast
The Tim Ferriss Show
Tonal's patented digital weight system and real-time feedback on form and technique, along with the easy-to-use and quiet Gen 4 Theragun, make for an effective at-home workout experience.
03:26 - 07:36 (04:09)
listen on Spotify
Home Workouts
Summary

Tonal's patented digital weight system and real-time feedback on form and technique, along with the easy-to-use and quiet Gen 4 Theragun, make for an effective at-home workout experience. Whether you're a pro or just want to relieve muscle tension, these products can help.

Episode
#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs
Podcast
The Tim Ferriss Show
The intersection between technology and philosophy may seem unlikely, but there is a growing interest in philosophy among tech entrepreneurs and investors.
07:36 - 13:54 (06:17)
listen on Spotify
Technology
Summary

The intersection between technology and philosophy may seem unlikely, but there is a growing interest in philosophy among tech entrepreneurs and investors. Some consider philosophy to be the least practical area of study, but its influence on the tech industry cannot be denied.

Episode
#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs
Podcast
The Tim Ferriss Show
The idea of charging someone a small fee to send an email has been around since the 90s, but was not feasible without internet money such as Bitcoin.
13:54 - 19:36 (05:42)
listen on Spotify
Cryptocurrency
Summary

The idea of charging someone a small fee to send an email has been around since the 90s, but was not feasible without internet money such as Bitcoin. Many early crypto adopters, such as Fred Wilson, were interested in exploring the potential of web3 despite the many misconceptions about it.

Episode
#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs
Podcast
The Tim Ferriss Show
Web 1.0 was the creation of the internet back in the 1990s, followed by the development of Web 2.0 which changed the way we interact with the internet.
19:36 - 27:58 (08:22)
listen on Spotify
Internet evolution
Summary

Web 1.0 was the creation of the internet back in the 1990s, followed by the development of Web 2.0 which changed the way we interact with the internet. Now, Web 3.0 is focused on open protocols and empowering users of the network, rather than companies, with no need for marketing or traditional infrastructure setup.

Episode
#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs
Podcast
The Tim Ferriss Show
The concept of automatic market makers and smart contracts in the world of Web 3.0 eliminates the necessity of middlemen and third party control, as users own their data and contributors the platform, resulting in a revolutionary new paradigm.
27:58 - 37:06 (09:07)
listen on Spotify
Web 3.0
Summary

The concept of automatic market makers and smart contracts in the world of Web 3.0 eliminates the necessity of middlemen and third party control, as users own their data and contributors the platform, resulting in a revolutionary new paradigm.

Episode
#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs
Podcast
The Tim Ferriss Show
Open source software's composability creates powerful memes that drive innovation, a process where people take open source software, add a little bit of extra proprietary software, and charge for it.
37:06 - 40:51 (03:45)
listen on Spotify
Open Source
Summary

Open source software's composability creates powerful memes that drive innovation, a process where people take open source software, add a little bit of extra proprietary software, and charge for it. This process has led to a broader sense of memes, such as music, movies, and books.

Episode
#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs
Podcast
The Tim Ferriss Show
This podcast explores the similarities of digital assets to fashion and cultural trends, as well as the rise of Board Ape Yacht Club and their recent drop of the mutant apes.
40:51 - 50:36 (09:44)
listen on Spotify
NFTs
Summary

This podcast explores the similarities of digital assets to fashion and cultural trends, as well as the rise of Board Ape Yacht Club and their recent drop of the mutant apes.

Episode
#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs
Podcast
The Tim Ferriss Show
The conversation covers a new platform for writers to share their work and a musician's success story on Spotify.
50:36 - 54:21 (03:44)
listen on Spotify
Technology
Summary

The conversation covers a new platform for writers to share their work and a musician's success story on Spotify. The platform allows writers to have subscribers, while the musician's strategy includes offering unique experiences to fans.

Episode
#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs
Podcast
The Tim Ferriss Show
The rise of guild models in video games has led to the possibility of real money being made through games, and some are optimistic about the potential for a universal basic income in the video game industry.
54:21 - 59:24 (05:02)
listen on Spotify
Universal Basic Income
Summary

The rise of guild models in video games has led to the possibility of real money being made through games, and some are optimistic about the potential for a universal basic income in the video game industry.

Episode
#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs
Podcast
The Tim Ferriss Show
The podcast discusses how NFTs (non-fungible tokens) are creating a new paradigm around digital ownership, allowing users to own unique digital assets that cannot be replicated or duplicated.
59:24 - 1:09:49 (10:25)
listen on Spotify
NFTs
Summary

The podcast discusses how NFTs (non-fungible tokens) are creating a new paradigm around digital ownership, allowing users to own unique digital assets that cannot be replicated or duplicated. They explore how NFTs are being used in fields such as gaming, sports, and collectibles, with the potential to revolutionize the way we perceive the value of digital content.

Episode
#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs
Podcast
The Tim Ferriss Show
The hosts discuss the evolution of storytelling through technology, touching on Loot - a dungeon crawler style game that relies on community contribution - and the history of film as a medium.
1:09:49 - 1:13:31 (03:42)
listen on Spotify
Technology
Summary

The hosts discuss the evolution of storytelling through technology, touching on Loot - a dungeon crawler style game that relies on community contribution - and the history of film as a medium.

Episode
#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs
Podcast
The Tim Ferriss Show
The tech world is currently in a phase of creative experimentation, with many cool ideas being developed.
1:13:31 - 1:17:50 (04:18)
listen on Spotify
Tech Industry
Summary

The tech world is currently in a phase of creative experimentation, with many cool ideas being developed. However, being your own bank may not be the best option for everyone.

Episode
#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs
Podcast
The Tim Ferriss Show
The podcast discusses the privacy implications of sharing personal purchase history with corporations in the metaverse and possible bans on NFTs that prevent artists from owning their own output and interacting directly with their fans.
1:17:50 - 1:23:03 (05:12)
listen on Spotify
Privacy, NFTs
Summary

The podcast discusses the privacy implications of sharing personal purchase history with corporations in the metaverse and possible bans on NFTs that prevent artists from owning their own output and interacting directly with their fans.

Episode
#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs
Podcast
The Tim Ferriss Show
It's easy to get caught up in chasing success or money in a career that ultimately makes you miserable.
1:23:03 - 1:28:33 (05:30)
listen on Spotify
Career
Summary

It's easy to get caught up in chasing success or money in a career that ultimately makes you miserable. The key is to identify the right hill to climb and to be willing to pivot towards new opportunities when they arise.

Episode
#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs
Podcast
The Tim Ferriss Show
Some in the political sphere view cryptocurrency in opposition to their mission for better distribution of wealth and reigning in of big tech companies, however, the web three movement could align with many left-leaning agendas.
1:28:33 - 1:37:52 (09:18)
listen on Spotify
Cryptocurrency
Summary

Some in the political sphere view cryptocurrency in opposition to their mission for better distribution of wealth and reigning in of big tech companies, however, the web three movement could align with many left-leaning agendas. Reliable sources of education are crucial for policymakers to better understand and regulate the space.

Episode
#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs
Podcast
The Tim Ferriss Show
The cryptocurrency industry needs regulators that can modernize and adapt to new technologies while cracking down on obvious scams, according to a founder of Andreessen Horowitz.
1:37:52 - 1:46:55 (09:02)
listen on Spotify
Cryptocurrency
Summary

The cryptocurrency industry needs regulators that can modernize and adapt to new technologies while cracking down on obvious scams, according to a founder of Andreessen Horowitz. Regulations in place were created in the 1930s and '40s, and modernizing them will be critical to keeping pace in the crypto space.

Episode
#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs
Podcast
The Tim Ferriss Show
The rise of internet-native money has made it possible to create user-owned internet native corporations, collectives, and platforms.
1:46:55 - 1:55:16 (08:20)
listen on Spotify
Internet-native corporations, NFT projects
Summary

The rise of internet-native money has made it possible to create user-owned internet native corporations, collectives, and platforms. This has opened up possibilities for funding scientific research into intractable psychiatric conditions and tackling end-of-life anxiety due to terminal cancer diagnoses through NFT projects.

Episode
#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs
Podcast
The Tim Ferriss Show
This podcast discusses the historical progression of partnerships for groups of 10 people and how legal innovations played a role.
1:55:16 - 1:58:56 (03:40)
listen on Spotify
Partnerships
Summary

This podcast discusses the historical progression of partnerships for groups of 10 people and how legal innovations played a role. It is likened to a period where there were 100 Elon Musks, with a focus on accruing value through partnerships.

Episode
#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs
Podcast
The Tim Ferriss Show
The speaker predicts that in the future, internet communities will be linked economically and intrinsically, involved in governance, and piloting projects to fund research initiatives.
1:58:56 - 2:04:04 (05:08)
listen on Spotify
Internet Communities
Summary

The speaker predicts that in the future, internet communities will be linked economically and intrinsically, involved in governance, and piloting projects to fund research initiatives. Additionally, he discusses the potential of expanding from a few owners to a billion owners via DAOs and taking the best options that emerge to other places.

Episode
#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs
Podcast
The Tim Ferriss Show
The speakers discuss the impulse to rush and be constantly engaged in the world of Crypto and NFTs, and the importance of exploration, education, and long-term thinking when it comes to investing or participating in the industry.
2:04:04 - 2:11:49 (07:45)
listen on Spotify
Crypto/NFTs
Summary

The speakers discuss the impulse to rush and be constantly engaged in the world of Crypto and NFTs, and the importance of exploration, education, and long-term thinking when it comes to investing or participating in the industry.

Episode
#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs
Podcast
The Tim Ferriss Show
Generative art allows the purchaser of the art to become a part of the art's creation, making it a unique and compelling aspect of the art world.
2:11:49 - 2:17:01 (05:11)
listen on Spotify
Generative Art
Summary

Generative art allows the purchaser of the art to become a part of the art's creation, making it a unique and compelling aspect of the art world. It also opens doors for smart and creative people to be drawn to the creative arts.

Episode
#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs
Podcast
The Tim Ferriss Show
This podcast discusses NFTs and its potential applications in existing events like sports and music, as well as in marketing campaigns.
2:17:01 - 2:21:08 (04:07)
listen on Spotify
NFTs
Summary

This podcast discusses NFTs and its potential applications in existing events like sports and music, as well as in marketing campaigns. It also explores the intricacies of NFTs and how they operate.

Episode
#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs
Podcast
The Tim Ferriss Show
The speaker suggests that business owners should consider targeting owners of Crypto Punks, as they are likely to be good customers.
2:21:08 - 2:24:59 (03:51)
listen on Spotify
Crypto Punks
Summary

The speaker suggests that business owners should consider targeting owners of Crypto Punks, as they are likely to be good customers. The speaker describes Crypto Punks as a new type of investment, with owners having serious money at stake and likely to be knowledgeable about NFTs.

Episode
#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs
Podcast
The Tim Ferriss Show
Tim Ferriss promotes his 'Five Bullet Friday' newsletter for weekly fun and inspiration through a short email, while Tonal is advertised as a high-tech exercise machine that uses 17 sensors to provide real-time feedback for optimized strength training.
2:24:59 - 2:29:49 (04:49)
listen on Spotify
Newsletter, Exercise, Technology
Summary

Tim Ferriss promotes his 'Five Bullet Friday' newsletter for weekly fun and inspiration through a short email, while Tonal is advertised as a high-tech exercise machine that uses 17 sensors to provide real-time feedback for optimized strength training.

Episode
#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs
Podcast
The Tim Ferriss Show
A product is discussed that helps with muscle pain, tension, and recovery.
2:29:50 - 2:31:50 (01:59)
listen on Spotify
Muscle Pain Relief
Summary

A product is discussed that helps with muscle pain, tension, and recovery. It can be used by elite athletes or by regular people after a long day at work.

Episode
#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs
Podcast
The Tim Ferriss Show