a16z partner Chris Dixon: Not investing in FTX was not just luck

ChainCatcher news, a16z partner Chris Dixon recently discussed topics such as "why a16z has never invested in FTX" on The Block's podcast The Scoop. When asked by the host whether avoiding FTX was a skill or luck, Chris Dixon stated that he had only had an online conversation with SBF and did not have a close relationship. The main reason for not investing in FTX was that they had invested in Coinbase, and the experience of working with Coinbase taught him that compliance and security are more important than flexibility and innovation. Therefore, the fact that FTX, as an offshore crypto exchange, is unregulated is itself a risk.

"Why do exchanges like FTX and Phoenix choose to set their headquarters in the Bahamas? Who audits them?" Chris Dixon said that not investing in FTX was not entirely due to luck; a16z has accumulated over a decade of experience in the investment field and conducts extensive research before investing, seriously considering "what true technological innovation is." (The Block)