Andreessen Horowitz is a private American venture capital firm that was founded by Marc Andreessen and Ben Horowitz back in 2009. The California based business is an active investor in technology companies including Twitter, Airbnb, Coinbase, Facebook, Foursquare, Imgur, Skype and a lot more. Currently the venture capital firm owns over $5 billion worth of assets.

After recognizing that Blockchain and Cryptocurrencies are here to stay the firm created a website dedicated to the crypto fund with an announcement explaining the thought process behind their decision.

The paper starts out with explaining how Bitcoin (BTC) was born and why decentralization is important in the current times before going into detail on how tech has since evolved with application platforms like Ethereum (ETH) and even mentions Stablecoins as a gateway towards more mainstream adoption. Moreover the authors of the paper highlight the importance of decentralized governance and trustless systems, while also labeling the current crypto movement as a similar event to the internet, web 2.0 or smartphones.

The announced a16z crypto fund will invest $300M into crypto companies and protocols. The investment will be considered as a long-term play meaning that there is no intention to sell any asset in the near future. The company even went so far as stated that they will easily hold for 10+ years as that is how the fund is structured.

A good news is that the fund is not solely built to invest into startups, but will also support finished platforms or networks like Bitcoin and Ethereum. This is especially good news considering that most funds in the space currently only supports ICOs as those might have the best rate of return in the shortest time-frame in case of private sales.

Additionally the documents states that the investments are focused on non-speculative assets that have the potential to reach hundreds of millions of people with a real use-case.

For the full document head over to the official website of the a16z crypto fund.