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In his critique of Solana's early VC investment, Snowden focused on how such funding could undermine the decentralization and autonomy of blockchain networks. He referenced a previous instance involving venture capital firm Andreessen Horowitz (a16z), which used its 15 million Uniswap (UNI) token holdings to vote against a proposal to deploy Uniswap v3 on the BNB Chain. This action outweighed the initial 20 million votes for "yes" against the 4.9 million votes for "no," highlighting the control that large, centralized stakeholders can exert over decentralized projects.
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