# FWB

> Friends With Benefits — token-gated creative community and DAO experimenting at the intersection of culture and Web3.

## Why it is interesting

FWB pioneered social-token membership for creators and became an a16z portfolio case study in community-owned culture — raising $10M in 2021 to diversify its treasury.

## Profile

- **Stage:** seed
- **Status:** private
- **Industries:** crypto-web3, consumer, media-entertainment
- **Coverage:** full
- **Last updated:** 2026-07-24

## Key facts

- Treasury diversification (2021): $10M led by a16z with Pace Capital, Kindred Ventures, Spark Ventures (FWB Mirror)
- Co-investors not in VCT directory: Pace Capital, Kindred Ventures, Spark Ventures

## Investors in our directory

- https://venturecapitaltracker.com/fund/andreessen-horowitz

## Related articles

- https://venturecapitaltracker.com/2026-a16z-hot-portfolio-companies

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Source: https://venturecapitaltracker.com/startup/fwb