Andreessen horowitz was behind kickstarters doomed web3 pivot – Breaking News & Latest Updates 2026
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Mia Sato
Andreessen Horowitz was behind Kickstarter’s doomed Web3 pivot.

According to Fortune, the crowdfunding platform got a $100 million investment from the VC firm’s crypto fund — and the 2021 deal was meant to get Kickstarter into the Web3 hype cycle.

If you recall, the pivot was a disaster: after public outrage, Kickstarter formed a community advisory council, and the company ultimately decided to shift its attention away from the blockchain.

Correction March 12th 10:56AM ET: The Web3 pivot wasn’t a formal stipulation of the deal, as initially stated.

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