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Katie Haun is leaving Andreessen Horowitz to start her own crypto fund

                                                            Katie Haun – General Partner bei Andreessen Horowitz (bekannt als a16z) und eine der Leiterinnen des Digital Asset Arms des Unternehmens – gab bekannt, dass sie das Unternehmen Anfang nächsten Jahres verlassen wird.  Sie wird einen Risikokapitalfonds auflegen, der sich auf Cryptowährungen und Web3-Startups konzentriert.

Jump into a new crypto adventure

The cryptocurrency investor announced her decision on Twitter, stating that it will leave a16z in early 2022. After her departure, Chris Dixon – co-founder of the digital asset venture – will lead the unit together with three other partners.

1 / Today @cdixon and I announced to the @ a16z crypto team that I will set up my own fund with a focus on crypto and Web3 at the beginning of next year. The current crypto fund will be my last in the company

– Kathryn Haun (@katie_haun) December 15, 2021

The new fund will be supported by a small number of current Andreessen Horowitz employees, such as Rachael Horwitz – Head of Crypto Marketing. In addition, a16z will be a limited partner in Haun’s new company, while the company’s founders will contribute personally.

Next Bitcoin and alternative coins will also focus on Web3. The latter, in their view, has the ability to revolutionize the internet:

“When Chris and I started our first crypto fund in 2018, it was a moonshot experiment. Thanks to the hard work of many, it has exceeded both of our wildest expectations. Today it is clearer than ever that web3 will change the Internet. “

Despite her departure, Haun will keep her board memberships at the portfolio companies of Andreessen Horowitz:

“As a board partner, I will continue to work on the management of the existing a16z crypto portfolio and keep my board seats.”

Haun’s successes

Katie Haun’s successful reign at Andreessen Horowitz will be remembered with the launch of a $ 2.2 billion fund focused on the cryptocurrency industry earlier this year. Back then, the VC company’s partners described the industry as “the future of finance”.

“The size of this fund speaks for the size of the opportunity that is presented to us: Crypto is not only the future of finance, but, like the Internet in the beginning, will change all aspects of our lives,” concluded Haun and Dixon.

Shortly thereafter, the company entered NFT-Universe. In July, OpenSea raised $ 100 million from industrial investors in a Series B financing round led by Andreessen Horowitz. The funding was supported by numerous other prominent names, including Kevin Hartz, Kevin Durant and Ashton Kutcher.

Selected image courtesy Law.com

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Source: Crypto News Deutsch

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