Bulletins

Katie Haun to leave a16z to launch her own crypto fund

She co-founded the a16z crypto fund in 2018.

Bitcoin
A16z's investment in cryptocurrency exchange Coinbase has proven to be one of its most successful.
Image: Protocol

The co-founder of Andreessen Horowitz's crypto funds is leaving the firm to launch her own. Katie Haun announced she'll be starting her own venture early next year and will remain focused on crypto and Web3. Axios first reported her departure.

Haun was a16z's first female general partner hire, and previously had led investigations into cryptocurrency as a federal prosecutor for the Department of Justice. She launched the firm's crypto fund alongside Chris Dixon in 2018, and has seen the returns skyrocket through investments in companies like Coinbase. "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," Haun said in a statement.

A spokesperson for the firm said she will remain committed through the firm's third fund, a $2.2 billion tranche announced in June, before spinning out with a small team. A16z will be limited partners in her new firm, along with personal investments from Marc Andreessen, Ben Horowitz and Dixon.

Biz Carson

Biz Carson ( @bizcarson) is a San Francisco-based reporter at Protocol, covering Silicon Valley with a focus on startups and venture capital. Previously, she reported for Forbes and was co-editor of Forbes Next Billion-Dollar Startups list. Before that, she worked for Business Insider, Gigaom, and Wired and started her career as a newspaper designer for Gannett.

a16z
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Bulletins