Andreessen Horowitz Takes First Female General Partner, Announces Crypto Fund

On Monday, June 25, Andreessen Horowitz, a well-known venture capital firm in Silicon Valley, California announced the appointment of Katie Haun as its first female investing partner to execute the company’s recently formed $300 million crypto fund.

Ben Horowitz, co-founder of Andreessen Horowitz, said, “As I learned more about her career, I was even more impressed. She stood up to murderous motorcycle gangs and cartels, shut down organized crime, nailed RICO murderers, uncovered the largest money laundering and cybercrime rings, and stopped white collar crime and public corruption. Through it all, her prosecutorial record was whatever and 0. She never lost a case. Not once. Not ever.”

Katie Haun is well-known in the cyber world. For ten years she worked with the U.S Department of Justice as a federal prosecutor specializing in cybercrime: launching the first cryptocurrency task force, leading the Mt. Gox investigation after that exchange was hacked in 2014, and the most famous being involved in prosecuting a corrupt federal agent on the Silk Road task force. She also sits on the board of Coinbase Inc., an online platform that caters to cryptocurrency, and HackerOne Inc., a developer of online security solutions.

As per Recode, although she [Haun] hasn’t performed as a direct venture capitalist in her previous jobs, she has good hands on some of her personal investments. She also teaches a cryptocurrency course at Stanford.

The formation of this new crypto fund by Andreessen Horowitz is intending to invest in a good range of crypto startup companies involved from blockchain projects to initial coin offerings. All the crypto deals would be conducted by this fund. In its last fund, this venture capital firm has previously invested about $100 million in digital currency, according to Bloomberg.

Chris Dixon, a general partner at the fund, said, “We’re excited to have a fund focused on this, with the flexibility to let us make the investments we want to make. The inflow of entrepreneurs has dramatically increased over the past year.”

No doubt in the blockchain and cryptocurrency arena the percentage of women involved is much less than that of men but certainly numbers are increasing with spreading awareness.

Dixon mentioned that gender diversity is “definitely something that we need to improve on.”

Men tend to greatly outnumber women in the technology sector. The time will not be far when we can see women playing a crucial role, along with men, in this disruptive and decentralized concept with a wider approach for global economic development.

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin8,118.06 1.26 % 10.67 % 12.10 %
Ethereum260.87 1.00 % 10.16 % 35.01 %
XRP0.412 0.49 % 10.02 % 29.52 %
Litecoin95.30 0.94 % 9.12 % 6.81 %
Bitcoin Cash417.49 1.95 % 16.52 % 15.74 %