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  "docSlug": "5bd9b8e0f560016644358983dc5899cb",
  "documentTitle": "a16z | Educational Presentation Deck | 36 slides",
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  "presentationDate": "2020-05-01 00:00:00",
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  "notes": "The slide uses a stylized hourglass or funnel-like diagram to represent layers of a business model or strategy.",
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      "text": "LAYER 2 Defensibility",
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      "text": "©2020 Andreessen Horowitz. All rights reserved worldwide.",
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      "evidence": "Slides 21-36 provide examples, propose solutions, and conclude with a thesis on value capture in crypto",
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      "evidence": "The deck uses a Golden Circle narrative to explain the importance of crypto business models and their defensibility",
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      "description": "Invert the typical pitch by starting with why you exist, rather than what you do"
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