Friday, October 15, 2021

Meet Andreessen Horowitz’s Key Crypto Investors, Advisors

  • The famed venture firm Andreessen Horowitz has a fresh $2.2 billion to invest in crypto.
  • The firm has been on a hiring spree, adding experts and Gen Z VCs to spend those funds.
  • For this list, Insider rounded up the 12 people leading the firm’s push into crypto.
  • See more stories on Insider’s business page.

Another crypto boom is here. The price of bitcoin keeps climbing, memes sold on the blockchain are going for millions, and even traditional venture capitalists are investing a fortune into crypto startups. 

While other firms scramble to read up on nonfungible tokens, Andreessen Horowitz has long prepared for this moment. The firm’s cofounder, Marc Andreessen, declared bitcoin a technology with “enormous promise” in The New York Times in 2014. And the fund made early, lucrative bets on companies like Coinbase and Dapper Labs. 

But it wasn’t until this past June, when the storied firm announced a $2.2 billion fund for blockchain companies and digital assets, that it put Silicon Valley on notice. The fund brings its total dollars earmarked for crypto to about $3 billion.

“The size of this fund speaks to the size of the opportunity before us,” the firm wrote in a blog post. “Crypto is not only the future of finance but, as with the internet in the early days, is poised to transform all aspects of our lives.” 

Andreessen Horowitz is using its new capital to take big swings — coleading a $260 million round for CoinSwitch Kuber, a crypto trading platform, and leading a $152 million Series B for Sky Mavis, creator of Axie Infinity.

As other venture firms race to capitalize on the latest crypto craze, Andreessen Horowitz has amassed a team of nearly 50 investors, advisors, and legal experts to lead the charge. Meet the 12 employees calling the shots.

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