a16z Crypto Operating Partner: Cash Flow is the Moat, Crypto Entrepreneurs Have Abundant Opportunities

CoinFeed reported on June 15th that Jason Rosenthal, Operating Partner of a16z Crypto, wrote on the X platform that cash flow is the moat. The best companies are often built by placing themselves within a "cash flow," and cryptocurrency is the first modern technology born for this. If your startup hasn't yet designed its products and business models around these principles, you're missing out. Thanks to stablecoins, money and value can now flow at internet speed—global settlement, 24/7 operation, and end-to-end programmability. Railroads don't make money from locomotives, but from every ton of cargo crossing the tracks; Visa, Jane Street, and other companies are all within a cash flow. Cash flow, combined with network effects, is one of the most enduring business structures in history.