Two years after raising $300 million for a blockchain investment fund, Andreessen Horowitz is back on the cryptocurrency scene once more.
The venture capital firm, based in Silicon Valley, has raised a staggering $515 million that focuses on blockchain technology, the database innovation behind cryptocurrencies.
Chris Dixon, coleader of the fund, clearly believes that cryptocurrency assets like Bitcoin and Ethereum will be part of a pending technological paradigm shift and Horowitz want to be involved.
“It’s very rare that major, new computing paradigms come along, and we think this is on the scale of cloud and mobile for the Internet,”Chris Dixon – Andreesen Horowitz
Katie Haun, a who coleads the crypto fund and sits on the board of the Facebook-corralled Libra Association, has told press that the firm plans to hold on to its bets for the long term, as long as 10 years.