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.