Katie Haun will raise & invest $900M in the crypto industry
The general partner of Andressen Horowitz decided to jump into the crypto industry with a unique strategy with safe sides investment in crypto on demand.
Around a couple of years ago, this crypto industry was not under that level of heat where wealthy players were thinking that the crypto industry has the potential to give better returns. But because of its uniqueness of technology innovations, many wealthy players are eyeing this industry to start a high-level business.
Katie Haun is a Member of the Board of Directors of Coinbase, the General Partner at Andressen Horowitz. She decided to invest around $900 million of funds in this crypto industry.
According to the report of FT, Katie aimed to collect $900 million for her crypto and blockchain-related initiative.
She will do it more cleverly, at one side she will invest the $300 million fund in a crypto investment & management firm and the rest of the fund in a crypto company, which is already well established in this industry.
A report in the Financial Times also confirmed that new investment in crypto will target the high profile demand of the crypto industry, which will target private institutions, which want to go with crypto investments.
Reportedly, Since 2021, many wealthy Investors are rapidly increasing in this industry to invest their funds in this highly demanding industry. And this number of increasing investors is surging rapidly.
In November 2021, For the cryptocurrency venture fund, capital funds, like Paradigm led by Matt Huang and Coinbase co-founder Fred Ehrsam raised a total of $2.5 billion.
So here we can say that Haunt’s initiative to collect and Invest in big amounts is not the highest fund investment idea, but still, we can consider it significantly a better amount of inflow in the crypto industry.
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