Inside the Solana Story: Near-Death Brushes and a Need for Speed (with Solana)

web3 with a16z crypto

with @aeyakovenko @alive_eth

Today’s episode features Solana cofounder Anatoly Yakovenko in conversation with a16z General Partner Ali Yahya, recorded live at our CSX Crypto Startup Accelerator program earlier this year.

Anatoly shares the origin story of Solana — from a late-night eureka moment to thousands of investor meetings and several near-death startup experiences. He talks about what it took to get the network off the ground, how his engineering background at Qualcomm shaped its design, and why a need for speed gave Solana its edge.

They also get into developer culture, engineering trade-offs, and what differentiates Solana’s approach to building — including its willingness to ship, iterate, and rethink everything: including, most recently, its consensus algorithm.

Timestamps:

(0:00) Introduction

(2:54) Early Career and Move to SF

(3:57) Discovering Crypto and Solana's Beginnings

(8:28) Challenges and Fundraising

(12:12) Building Solana and Overcoming Obstacles

(13:41) Solana's Vision and Market Strategy

(17:23) Navigating Crises and Team Resilience

(22:37) Solana's Unique Approach and Future Plans

(24:57) Solana's Unique Approach to Software Development

(26:35) Redesigning Solana: Lessons Learned

(30:22) The Importance of Hackathons and Community

(32:32) Technical Choices and Implications

(34:16) Prioritizing User Experience Over Developer Comfort

(36:40) Competitive Landscape of Layer 1 Chains

(38:49) Building a Loyal Developer Community

(42:36) Future of Blockchains and Solana's Vision

(47:29) Long-Term View and Goals

As a reminder, none of the content should be taken as investment, business, legal, or tax advice; please see a16z.com/disclosures for more important information, including a link to a list of our investments.