In the 1970s and 80s the American stock brokerage firm E.F. Hutton had a very popular motto for their line of commercials, “When E. F. Hutton talks, people listen”. The company was created in 1904 by Edward Francis Hutton and his brother, Franklyn Laws Hutton. It would soon become one of the largest financial firms in the US. The commercials for the firm in the 70s and 80s would have a man sitting around talking investments and suddenly a busy room full of people would become silent to eavesdrop on what he had to say. It was at that time the narrator would drop their famous tagline.
While investing and the stock market hasn’t changed much since then, money itself has. Stock brokerages and capital investment firms are a huge part of our economy. But, instead of following industry leaders like Berkshire Hathaway, our 21st century versions of E.F. Hutton are now cryptocurrency visionaries like Vitalik Buterin of Ethereum and Thomas Lee of Fundstrat Global. A lesser known influencer that many should be following is Chris Dixon, who serves as a general partner at the venture capital firm Andreessen Horowitz.
A programmer from a very young age, Dixon’s experience is well documented. He became a professional programmer after college and has an MBA from Harvard. He has been CEO and cofounder of at least two startups, Hunch and SiteAdvisor. SiteAdvisor was acquired by McAfee in 2006, and Hunch was acquired by eBay in 2011. He co-founded Founder Collective which is a seed venture fund and made investments in numerous Internet companies including Buzzfeed, Dispatch. ai, Makerbot, Oculus and Venmo. More recently Dixon has been an active angel investor in technology companies such as Foursquare, Kickstarter and Pinterest. Bloomberg named Dixon as one of the top angel investors in the technology industry.
When Dixon talks, people listen.
In a recent interview with Boost VC, Dixon spoke to Adam Draper about the rise of cryptocurrency and how blockchain would advance many aspects of our daily lives. In particular, he talked about what he’s seeing with Ethereum after working with so many developers and entrepreneurs from the likes of Google and Facebook. “I haven’t heard this much excitement about Ethereum, Solidity and all those things, since probably the iPhone,” Dixon said. “Just the number of times it’s mentioned, the number of stories I hear…” He praised Bitcoin but said of all the technology happening now in that realm, and all that are working to help push it forward, Ethereum was the one that, “really got unlocked in the last two years.”
Dixon says that Ethereum's tech is highly profound and, “takes the blockchain concept to its fullest potential.” He admitted to making a mistake in thinking that Bitcoin might be the one crypto that rules all other coins and said that in his expert opinion he was sure that Ethereum is the most important technology of the decade.
The entire 40 minute interview can be found here.