Katie Haun Of a16z Seeks $900M In Crypto Funds After Departure

Katie Haun, who is soon to be a former partner at Andreessen Horowitz, sought $900 million of crypto funds before her departure. Haun is aiming to gather $300 million for an early investment fund that will target crypto startups and with the rest of the funds, she will focus on larger companies and digital assets as we read more today in the latest crypto news.

Katie Haun is looking to raise $900 million for a pair of crypto investment funds that will follow her departure from the venture company as per the reports from the Financial Times. Haun aims to get $300 million for an early investment fund that targets crypto startups and a $600 million fund focused on bigger companies and digital tokens. While much smaller than the $2.2 billion amount which she helped raise for the company’s third crypto fund, the $900 million will be more than debut for a new firm. After announcing her departure from the company, she said she will be starting her own venture capital firm under the name “KRH.”

She will be joined by a smaller group of a16z staffers including crypto marketing head and Coinbase alum Racheal Horwitz. KRH already took part in a $300 million funding round into OpenSea that gave the NFT marketplace a $13.3 billion valuation.

As recently reported, The leading American exchange Coinbase announced the renewal as Andreessen Horowitz joins the team, as per the official announcement posted on the Coinbase blog. Brian Armstrong, the company’s CEO explained that they have made two major replacements. Marc Andreessen is the co-founder of the venture capitalist firm Andreessen Horowitz which is among the most important players in the crypto space with major projects such as Libra, Dfinity, Maker, and Crypto Kitties as a part of their portfolio.

Before entering the crypto space, Andreessen was a technology visionary as he is the man behind Netscape. He also revolutionized the way we use the Internet by being one of the browsers with a graphical interface in the history of the internet but later dominated the world as the most popular commercial browser at the time. The second name on the list is Gokul Rajaram which comes from being a member of the DoorDash executive team which is a delivery service valued at about one billion dollars. Before joining DoorDash, he worked as Facebook, Google AdSense, and Square, making strategic changes that are still changing the advertising industry.