Jack Dorsey has been blocked on Twitter, the social media platform he co-founded, by renowned venture capitalist Marc Andreessen. The block comes after Dorsey criticized certain corners of the venture capital industry and made several specific remarks about the firm Andreessen co-founded, Andreessen Horowitz.
Jack Dorsey has expressed multiple views on “Web3,” a new decentralized version of the internet based on blockchain. Perhaps most notably, the entrepreneur said Web3 would be owned by wealthy VCs like Andreessen instead of “the people.”
He also tweeted that they don’t own web3. The VCs and their LPs do. It will never escape their incentives. It’s ultimately a centralized entity with a different label. Then, on Wednesday, Dorsey tweeted that they are officially banned from Web3, alongside a screenshot showing Andreessen had blocked him. His tweet prompted several other Twitter users who Andreessen has also stopped to share similar screenshots.
Andreessen, who has made billions off the back of early bets on companies like Facebook, has backed a number of companies that are working on technologies that could one day underpin Web3. Andreessen also invented, with programmer Eric Bina, the first widely used, point-and-click web browser, which eventually became Netscape.When Tesla CEO Elon Musk asked his 67.4 million Twitter followers if any of them had seen Web3, Dorsey hinted that it’s already under the control of Andreessen Horowitz.