Crypto investor Katie Haun leaves Andreessen Horowitz

She plans to launch her fund focused on Web 3.0

16.12.2021 - 11:10

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What’s new? Katie Haun, who became Andreessen Horowitz's first female general partner, announced on her Twitter account that she is leaving the company. Haun added that she plans to launch her own fund targeting Web 3.0.

1/ Today @cdixon and I shared with the @a16z crypto team that I will be launching my own fund focused on crypto and web3 early next year. The current crypto fund will be my last at the firm— Kathryn Haun (@katie_haun) December 15, 2021

How did Haun comment on her departure? The investor has stated that she is leaving of her own volition. She plans to retain her seats on the board of Andreessen's portfolio companies, including OpenSea and Coinbase. Haun said that crypto investment has already gone beyond digital currencies. She sees the future in the “new wave of the internet,” Web 3.0.

“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. Today it’s more apparent than ever that Web 3.0 will transform the Internet.”

Who will be Haun's partner in the new project? Andreessen Horowitz, a foundation that was among the first to see the potential of Instagram, Lyft, Pinterest, and Slack, will be a limited partner in Haun's new project. Marc Andreessen and Ben Horowitz, the founders of the firm, will be the first investors in a former colleague's fund.

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