Katie Haun announced that he will leave a16z! Establish a cryptocurrency venture capital institution early next year

Time:2021-12-29 Source: 932 views Trending Copy share

Katie Haun, who became the first female partner of the famous Silicon Valley venture capital Andreessen Horowitz (a16z) in 2018, is the world's top cryptocurrency investor. Now she announced that she will leave a16z and partner with a16z early next year Dixon (Chris Dixon) cooperated to create his own cryptocurrency venture capital institution.

Haun announced on Twitter on the 16th: Today, Dixon and I shared with the a16z cryptocurrency team that I will launch my own fund early next year, focusing on cryptocurrency and web3. The current cryptocurrency fund will be my last fund in the company. When Dixon and I launched our first cryptocurrency fund in 2018, it was an unlikely experiment, but due to the hard work of many people, it exceeded our craziest expectations. Today, it is more obvious than ever that web3 will change the web.

Haun stated that the a16z cryptocurrency team will continue to be led by Dixon, Ali Yahya, Arianna Simpson and Anthony Albanese. She will still work with them. As a board partner, she will continue to work on managing the existing a16z cryptocurrency portfolio and will retain her board seat.

According to previous reports, Haun, a former U.S. federal prosecutor, has led 3 cryptocurrency funds since joining a16z in 2018, with the first two funds under management of US$300 million and US$515 million respectively; in June of this year , She announced that she co-chaired a16z's third cryptocurrency fund with Dixon, which has a size of 2.2 billion US dollars.

a16z will become a limited partner of Haoen New Fund

According to "Techchruch" reports, Haun currently serves as a director of Coinbase, OpenSea and other companies. She is expected to retain a seat on the board of these companies, and a16z will become the limited partner of her newly established fund. At the same time, Marc Andreessen, Ben Horowitz, Dixon will also make personal investments in the fund.

Dixon said via Twitter on the 16th: Since the establishment of our first cryptocurrency fund, Haun and I have been working closely together. Horn played an important role in our success and helped us build an incredible team. We are very grateful to Haun and all she has done for a16z. We will become the fixed limited partner of her new fund and look forward to working closely on policy initiatives.

a16z faces fierce competition

"CNBC" reported that a16z is known for its early investments in companies such as Instagram, Lyft, Pinterest, and Slack. In 2013, it invested in Coinbase and entered the field of digital assets for the first time. In 2018, it launched its first cryptocurrency fund. After that, Bitcoin has risen 700% so far.

However, "Techchruch" pointed out that although a16z has always maintained an advantage in traditional venture capital, it is facing increasingly fierce competition in the cryptocurrency field, including competition from cryptocurrency native investment funds such as Paradigm and Variant Fund. Paradigm announced last month that it will launch a $2.5 billion fund, making it the largest cryptocurrency fund ever raised.

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