Andreessen Horowitz Says Crypto Is The “Future Of Finance” – Creates $ 2.2 Billion Crypto Venture Fund

Andreessen Horowitz, the Silicon Valley venture capital company founded by Marc Andreessen and Ben Horowitz, has announced the launch of a $ 2.2 billion crypto fund. The company is “radically optimistic about the potential of crypto to restore trust and enable new forms of governance”.

Andreessen Horowitz launches $ 2.2 billion crypto fund

Andreessen Horowitz announced the launch of a new $ 2.2 billion crypto venture fund on Thursday. The Silicon Valley venture capital company, also known as “a16z”, was founded in 2009 by Marc Andreessen and Ben Horowitz.

Chris Dixon, Katie Haun and Ali Yahya, partners in Andreessen Horowitz’s crypto team, explained the new fund in a blog post entitled “Crypto Fund III”. They write:

The size of this fund speaks for the size of the opportunities that are 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.

“This fund enables us to find the next generation of visionary crypto founders and to invest in the most exciting crypto areas,” explained the a16z partners. “We invest in all phases, from projects in the early seed phase to fully developed networks in the later phase.”

Haun told CNBC on Thursday that the fund is not a hedge fund, but rather a risk fund. She made it clear that the fund invests in tokens and protocols as well as companies.

The company’s first crypto-focused fund was launched three years ago during a crypto winter when the value of Bitcoin plunged about 80% from its 2017 high.

The partners in detail:

We believe the next wave of computer innovation will be powered by crypto. We are radically optimistic about the potential of crypto to restore trust and enable new forms of governance in which communities collectively make important decisions about how networks evolve, what behaviors are allowed, and how economic benefits are shared.

“That’s why we’re excited to announce a new $ 2.2 billion fund today to continue investing in crypto networks and the founders and teams that are building in this area,” emphasized the partners.

What do you think of venture capital company Andreessen Horowitz launching a $ 2.2 billion crypto fund? Let us know in the comment section below.

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