Author: Klint Finley / Source: WIRED
Venture capital firm Andreessen Horowitz is bringing in its first female general partner, former federal prosecutor Katie Haun, to help manage a new $300 million fund dedicated to investing in cryptocurrency and blockchain-related projects.
Andreessen Horowitz has long invested in cryptocurrency companies, including the digital-wallet company Coinbase and the game company Cryptokitties. But in addition to signaling its seriousness about the technology, general partner Chris Dixon says that creating a fund will give the firm more flexibility to make different types of investments. The new fund will invest not just in traditional equities, but in digital tokens as well. In other words, it will invest not just in companies but in the cryptocurrencies those companies create. An Andreessen Horowitz spokesperson said investors in the fund are among the firm’s usual investors.
Haun got her start in cryptocurrency by investigating two of its best-known scandals: two federal agents convicted on corruption charges during their own investigation of the black market site Silk Road, and the implosion of the bitcoin exchange service Mt. Gox. In 2015, she established the government’s first cryptocurrency task force to help the government get up-to-speed on the technology.
“In that process I ended up working alongside and…
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