Andreessen Horowitz, a venture capital giant in Silicon Valley, is all over the news for two big reasons they revealed.

The first reason being the firm's newly launched cryptocurrency fund amounting to $300 million. a16z has been investing in the crypto-based startups for a while now and is gradually growing the number.

And the second, Andreessen Horowitz announced the addition of its first female general partner, Katie Haun. She will be leading the newly formed $300 million crypto fund along with the general partner and crypto enthusiast, Chris Dixon.

With the onboarding of Haun, Andreessen Horowitz became the latest VC firm to add female talent, after Bain Ventures and Greylock added their female partners, as the industry is largely dominated by the males.

Katie Haun is a former federal prosecutor with the U.S. Department of Justice. She said:

“When I was in the government, although my background was a prosecutor, I had more and more interaction with the startup community since I was based in Silicon Valley, “I’ve done a number of investments over the years, not just in crypto, but across industries.”

Besides this new role, Haun is already a board member of crypto-exchange, Coinbase Inc, and HackerOne Inc. Previously, she also has a huge experience working with the Justice Department for 10 years and was actively involved in launching the cryptocurrency task force and leading the Mt. Gox investigation.



As reported by Bloomberg,

Andreessen Horowitz says it has structured the new crypto fund so that it can hold investments for 10 years or more. It also said that the fund will be able to invest in companies at any stage and in any country and that its activities could range from a blockchain-related investment to initial coin offerings. The firm had already invested roughly $100 million in crypto in its last fund, and had started to run into limitations on how much more it could invest, it says.

Chris Dixon, a general partner leading the crypto fund along with Haun, said:

“We’re excited to have a fund focused on this, with the flexibility to let us make the investments we want to make. The inflow of entrepreneurs has dramatically increased over the past year,” adding that he’s frequently meeting with people who are leaving jobs at Facebook Inc., Alphabet Inc., and other tech giants to enter the crypto community.

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