Andreessen Horowitz Plots a Dedicated Cryptocurrency Investment Fund

Andreessen Horowitz, founded in 2009 by Marc Andreessen and Ben Horowitz, one of the leading venture capital firms active in the cryptocurrency space, plans to launch a separate fund for exchanging crypto assets. The new fund could signal what some see as the next wave of innovation: direct investor involvement in cryptocurrencies, according to Recode.

In general, venture capital firms have been wary about directly investing in cryptocurrencies. Some have said their limited partners could do so on their own and avoid the fees that they’d need to pay to the venture capital firms to do it for them. Others, such as conservative limited partners, worry about the sector’s regulatory risks. Andreesen Horowitz, however, has an exceptional track record in the crypto space. General partners Chris Dixon and Alex Rampell, who lead the team, are seen as guiding lights for the asset class in Silicon Valley.

Reference: https://www.ccn.com/andreessen-horowitz-to-create-separate-crypto-investment-fund/

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