Andreessen Horowitz establishes a new fund specializing in the crypto asset field of 240 billion yen



Venture capital Andreessen Horowitz , known for investing in Twitter, Facebook, GitHub, etc., will establish 'a new fund of 2.2 billion dollars (about 244 billion yen) focusing on the crypto asset field' in June 2021 Announced on the 24th.

Crypto Fund III --Andreessen Horowitz
https://a16z.com/2021/06/24/crypto-fund-iii/

Andreessen Horowitz launches $ 2.2 billion crypto fund
https://www.cnbc.com/2021/06/24/andreessen-horowitz-launches-2point2-billion-crypto-fund.html



Andreessen Horowitz is a venture capital firm founded in 2009 by Marc Andreessen , the developer of the web browser Netscape Navigator and NCSA Mosaic , along with Ben Horowitz , former vice president of Netscape Communications. Since then, he has invested in technology companies such as Facebook, Lyft, Pinterest and Airbnb, making him a very influential venture capital firm in Silicon Valley.

Andreessen Horowitz announced on June 24 that it will set up a new $ 2.2 billion fund focused on investing in crypto-related companies. 'We believe that the next wave of computing innovation will be driven by crypto assets,' said Andreessen Horowitz's crypto assets team in a blog post.

This is not the first time Andreessen Horowitz has launched a fund specializing in crypto assets, and in 2018 we also established a fund specializing in crypto assets and blockchain . In addition, in 2013 of encryption assets Exchange Coinbase addition to investing in, the ownership of digital data managed by the block chain non-substitutability token (NFT) trading platform of OpeanSea such as investment in, encryption asset field from the previous He said he has been paying attention to.

This is Andreessen Horowitz's third fund establishment focusing on crypto assets, but this is the largest scale. In a blog post, the crypto asset team said, 'The size of this fund speaks to the magnitude of the opportunity in front of us. Crypto assets are not only the future of finance, but just like the early Internet Are ready to transform every aspect of our lives. '



Andreessen Horowitz's crypto assets team is led by Chris Dixon, who launched two startups before joining Andreessen Horowitz, and a former Justice Department prosecutor who was involved in launching the Judiciary Task Force on crypto assets. This is Katie Horn. Mr. Horn also said that he also worked on a lawsuit on

the dark web site 'Silk Road ' where black trading was done by Bitcoin when he was a prosecutor.

The new fund will support companies and projects operating in the complex field of crypto assets not only in investment but also in participation in governance and design of mechanisms. That's why he has a high degree of expertise in crypto assets, including Bill Hillman, who was the director of corporate finance at the US Securities and Exchange Commission, and Alex Price, a computer scientist who has invested in crypto asset-related technology ventures. It seems that they gathered members with.

Hillary Clinton's speechwriter Tomica Tillman was responsible for global policy, former United States Under Secretary of the U.S. Finance Brent McIntosh was an advisory partner, and Rachel was vice president of communications at Coinbase. It has also been announced that Horowitz will be the operating partner for marketing communications.

Cryptocurrency is extremely volatile, tightly regulated by the state, and large-scale fraud is occurring. But Andreessen Horowitz said, 'While the history of crypto assets shows that the value of crypto assets can fluctuate, innovation continues to increase throughout each cycle,' he said, optimistic about the potential of crypto assets. I showed a different perspective.



in Note, Posted by log1h_ik