Crypto @a16z | stints at @Facebook, @NASAJPL, @GoldmanSachs | Physics and CS @MIT Meng EECS @MIT ||

San Francisco, CA
Joined January 2022
Liz Harkavy retweeted
Investing in ZAR +++ In many parts of the world, money doesn’t work the way it should. I saw this firsthand during my time traveling through Zimbabwe in 2013, and it’s actually how I first got into crypto. Inflation eats away at savings. Banks remain out of reach. Currencies lose value overnight. Yet people still need to save, send, and spend and they deserve tools they can rely on.  My conviction from 12 years ago that crypto can solve these issues remains. Specifically, we believe crypto and stablecoins can offer that reliability, building open, borderless systems that make financial access possible for anyone with a phone. That’s why @liz_harkavy and I are proud to announce that we're leading a $12.9M funding round for @zardotapp, a platform bringing digital dollars to cash economies across emerging markets. ZAR is building a new financial layer that bridges the gap between local cash and digital currency. By partnering with neighborhood merchants, ZAR lets anyone convert physical cash into stablecoins and back again through a simple, familiar experience. Its decentralized infrastructure aligns the people who grow the network (from merchants to community partners), creating a transparent, incentive-driven system for expanding global financial access. This architecture scales trust. Merchants earn more than traditional money services, ambassadors build their own networks, and fraud is mitigated through smart contracts and cryptographic verification. It’s a bottom-up system designed for the realities of high-friction, high-inflation markets. Founded by @tmnsky (previously built Pakistan’s leading neobank, @sadapaypk) and @sebscholl, ZAR is launching first in Pakistan, with expansion plans across Africa and Latin America. We believe ZAR can become a cornerstone for stablecoin adoption, helping people everywhere store, move, and build with money that holds its value. Excited to support Brandon, Sebastian, and the ZAR team as they bring digital dollars on-chain to the world.
Last week was a historic one for crypto and for the United States with the passage of stablecoin legislation, one of just a few pieces of major financial legislation signed into law in the past 25 years. It marks a meaningful step toward making the United States the home for crypto. Today we are excited to announce our seed investment in @CowrieIO, a crypto native advisory firm based in Wyoming that specializes in domestic tax compliance and entity structuring. We believe the United States is on the path to enacting comprehensive crypto legislation, and @DKerr_Cowrie & Cowrie are well positioned to help DAOs and crypto projects meet their regulatory obligations. Learn more about Cowrie and our vision for the future of crypto corporations and foundations below.
I get a weird amount of joy out of telling AI models they are wrong. Turns out that instinct is actually valuable—human feedback is what makes AI models better, and @pankaj and the Yupp team have built the perfect platform to harness it. So excited to support @yupp_ai as they build open infrastructure for AI model evaluation.
I’m excited to announce we’ve led a $33 million seed round in @yupp_ai, a consumer product that allows anyone to discover and compare the latest AI models for free. AI needs robust and trustworthy human data. Crypto is built to provide it. Modern AI systems are shaped not only by compute and algorithms but by human feedback. Companies use post-training techniques such as Reinforcement Learning from Human Feedback (RLHF) and Direct Preference Optimisation (DPO) to improve their models. These techniques can reduce bias and enable higher quality, more coherent responses to prompts — crucial for accelerating progress in AI. Model evaluation is similarly critical, but a model can only be made better after first deciding what “better” means. That’s where challenges arise: Companies don't like to share — they keep their data and training processes secret. As a result, model improvements are constrained by what can be learned from closed systems or static benchmarks that are rarely informed by real-world use. These constraints make AI models difficult to evaluate. Users are also left in the dark, with little insight into how their feedback shapes models or whether it’s used at all. Some leaderboards and crowdsourcing sites attempt to shed light here, but they generally don’t enable users to audit their contributions or see any direct benefit from participating. Platforms that claim to be fair and transparent often rely more on good faith than enforceable standards. We believe crypto can bring transparency and ownership to this murky area of AI. Blockchains can make it easier for people to receive rewards for their contributions. They can also provide AI builders with assurances about the quality and provenance of the feedback data and evaluations they’re incorporating into their models. So users get incentives, builders get trustworthy data, and everyone can audit either side of the open market. Yupp crowdsources model evaluation: users enter prompts, see multiple AI-generated responses side-by-side, and then pick the best ones. Their choices create digitally signed “packets” of preference data that are useful for AI post-training and evaluation. In addition to users getting access to the latest models for free, they receive rewards based on the feedback that they provide. Yupp’s design turns human judgment into a renewable economic resource. Data “expires” as newer interactions replace it, creating a natural flywheel: more usage yields fresher evaluations; fresher evaluations yield better models; better models attract more usage. All participants — from users to AI model builders — can participate and see that the same transparent rules apply to everyone, ensuring a credibly neutral marketplace. No one can hide the scoreboard, and no one can manipulate the rewards or results. The founders bring deep experience in both AI and crypto. They built consumer-scale machine learning products together in the early days of Twitter. @pankaj ran global consumer engineering for Google Pay and @Coinbase. @gilad was a machine learning lead at GoogleX. The early team already counts senior engineers from Google, Coinbase, and top research labs. AI needs strong, reliable evaluation based on large-scale human input. Crypto is the trust machine that can help deliver it. By enabling people worldwide to contribute model-improving feedback, Yupp aims to become the default evaluation layer for the future of AI. We’re proud to back Yupp and look forward to helping them build the onchain feedback loop that ensures the rewards of AI innovation are shared by everyone who helps create it.
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AI agents are breaking the economics of the open web. Content sites are losing traffic, paywalls are going up and agents that do integrate with data providers largely exist in information silos. But what if we could build revenue sharing directly into the internet's architecture? Read about this along with other use cases our team has been thinking about below
Liz Harkavy retweeted
🚨 Rumi Private Beta is officially open. Start earning just by watching what you already love. We’re rolling out in private batches through exclusive invites. Backed by @a16zcrypto CSX, @ev3ventures, and more. We’re just getting started.
Liz Harkavy retweeted
We’re leading the seed round in @catena_labs because they’re building what our system needs: a new financial stack for AI agents to transact at machine speed. This is the beginning of a new era in computing. AI agents are becoming more than just tools that analyze data or generate content — they’re turning into autonomous software actors. These agents can log into services, move money, hire experts, and negotiate contracts. But there’s a problem: our current financial infrastructure wasn’t built for them. Traditional payment rails assume a human is on one end of every transaction. That means delays like 3-day ACH transfers, and high fees — up to 3% — on credit card payments. Systems also flag automated activity as fraud, forcing manual reviews. This slows down innovation and limits what AI agents can actually do. Catena Labs hopes to fix this. We’re leading their seed round because they’re building what the system needs. Led by Circle cofounder @psneville, who helped to take the stablecoin USDC from concept to one of the world’s most widely used digital dollars, Catena is creating a new financial stack from scratch — one designed specifically for AI. Their protocol will let trusted software agents send stablecoins across the globe with near-instant finality and ultra-low fees. It combines crypto’s speed and global reach with built-in identity and compliance that enterprises demand. Sean has deep experience scaling regulated, production-grade financial systems. He’s joined by a world-class team from Meta, Google, Jump Crypto, and Protocol Labs — builders who know how to ship at scale. The core idea is simple but powerful: software agents should be able to pay and get paid, instantly and safely. Catena’s regulated, AI-native rails make that possible. We think this unlocks an entire class of applications that weren’t feasible before — things like real-time payments for AI-generated content, or agents autonomously sourcing data and services on-demand. Machine-speed systems need machine-speed money. Catena is building the missing link, and we’re excited to back them.
Liz Harkavy retweeted
As our waitlist nears 100K signups + 7K agents across 20 countries, we're excited to finally announce the $7M investment we closed earlier this year with @dragonfly_xyz, @vaneck_us, @a16zcrypto CSX & @cbVentures, among other major investors. More below!! 👇
Liz Harkavy retweeted
We’re entering a new era in robotics where generalized systems are starting to work in the real world, but researchers still don’t have good tools for understanding their data. That’s why I built ARES, an open-source platform for ingesting, annotating, and curating robotics data.
Super excited to be working with the @getoro_xyz team as they work to bring value back to users and push the frontier of AI!
apple, google, facebook, and amazon engineered one of the greatest wealth creation machines in history by transforming our digital breadcrumbs into trillion dollar kingdoms. we received "free" products and watched ads while they mined our data and replicated, rug pulled, or shut down nearly every major breakout consumer app. the next wave of killer apps won't exploit you and your data — they'll empower users with private, secure, on-device data control AND directly reward the users the real value of their data. we're at a major crossroads in AI where private data is the biggest gap between developers building net new applications and addressing real-world problems with greater precision - and it turns out we all have a lot of it sitting idly on our phones. @getoro_xyz is letting anyone with a phone contribute to and own the frontier of software we're thrilled to back @ck_oro and @dgmonsoon as they put the value of consumers' data back in their hands!
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Liz Harkavy retweeted
Glider just raised $4M to reimagine the future of crypto investing 🦇♾️ Led by @a16zcrypto CSX, with support from @cbventures, @Uniswap, @GSR_io, @moonpay, @SeliniCapital, @genventurecap, @pivotglobal_xyz, First Commit @hardi_meybaum, and @anagramxyz.
Liz Harkavy retweeted
I am proud to announce that Bastion has acquired Dibbs Trust and has subsequently secured a New York Limited Purpose Trust Charter. This additional regulatory licensing represents a critical milestone in Bastion’s journey to become the most trusted partner for our upcoming regulated stablecoin issuance platform. Regulatory clarity is finally emerging as new legislation addresses market structures and stablecoin issuance. Under the oversight of the NYDFS, Bastion meets some of the highest compliance standards in the world. Stablecoins require robust foundations to expand globally and gain adoption by the largest institutions and enterprises. Our upcoming stablecoin issuance platform is designed for institutions and enterprises to onboard both their corporate operations and their global user bases, offering: • issuance of branded stablecoins • integrated global payments capabilities • enhanced loyalty programs Each of these components is essential for the next wave of stablecoins to succeed—starting from the issuer—with no compromise on security or compliance. Bastion is joining a select group of companies operating under a New York Limited Purpose Trust Charter, including PayPal, Coinbase, Fidelity, and Ripple. We know that we are not just building technology; we are building trust. This regulatory approval, along with money transmitter licenses obtained in many states, also represents our commitment to building a financial infrastructure that institutions can rely on for the coming decade. The next phase for stablecoins is here: secure, scalable, and built for enterprises. We’re just getting started—more updates soon.
Liz Harkavy retweeted
Our team will be hosting a special event at ETHDenver on February 27th. Join us for a fireside chat with the Head of CSX, @jasonrosenthal and @benleventhal, founder of @blackbird_xyz. You’ll also get to meet our investment team to chat about your project and learn more about CSX. 📝 → docs.google.com/forms/d/10H2…
CSX is headed to San Francisco this spring! We're so excited to meet the next wave of visionary founders building the future of crypto infrastructure and applications. 🚀 Applications are now open! Apply by Feb 7th
CSX is coming to San Francisco this spring, and starting today we’re accepting applications to join the cohort! If you’re a passionate and visionary crypto startup founder, we want to hear from you. Apply using the link in my next post. @a16zcrypto CSX is an intensive, in-person program for early-stage startups building with blockchain technologies. It focuses on the expertise, mentorship, and support startups need to build ambitious products across industries. Participating founders are connected with capital, a network of industry experts, and a cohort of leading web3 teams. Each week of CSX is focused on a different pillar of company-building, such as research and engineering, marketing and social strategy, go to market, and people best practices. Founders can go as deep as they need to on the components that matter most for their project, through workshops and 1:1 discussions with specialists from a16z crypto and other experienced operators. We invest a minimum of $500,000 in each company accepted to CSX. The CSX 04 program will start in April and end in June with a Demo Day event, where each company gets the opportunity to pitch their project to an audience of prominent investors, thought leaders, and executives from many of the top crypto companies. I can’t wait for the CSX 04 program to get started. The last day to apply is February 7th, so submit your application today, and I hope to see you in SF! 🌉
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If you want to contribute GPUs to Kuzco’s network, check out kuzco.xyz/. If you are a developer that wants access to low cost AI inference, check out inference.net/
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We’re thrilled to have @kuzco_xyz in our @a16zcrypto CSX Fall 2024 cohort as they aim to keep inference accessible and affordable by solving this compute gap.
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Amidst rapidly growing demand for LLM inference, a massive, overlooked, bottleneck lies not in a shortage of GPUs, but underutilization of datacenters. Thousands of data centers waste minutes, hours, or days of compute capacity despite endless developer demand for fast, reliable, inference. With @kuzcoxyz; @0xSamHogan & @atbeme are building a market for AI inference, where custom scheduling and orchestration software aggregate inference requests and routes them across data centers.
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