Marc Andreessen, co-founder and general partner at Silicon Valley based venture capital firm Andreessen Horowitz (“a16z”) recently explained how his firm invests in the crypto space.
Andreessen Horowitz, which was founded in 2009 by Marc Andreessen and Ben Horowitz, is a venture capital firm that “backs bold entrepreneurs building the future through technology.” It claims that it is stage agnostic, investing in “seed to venture to late-stage technology companies, across bio + healthcare, consumer, crypto, enterprise, fintech, games, and companies building toward American dynamism.” a16z has “$35B in assets under management across multiple funds.”
Here is some more information about him from his bio on the Andreessen Horowitz website:
“Marc co-created the highly influential Mosaic internet browser and co-founded Netscape, which later sold to AOL for $4.2 billion. He also co-founded Loudcloud, which as Opsware, sold to Hewlett-Packard for $1.6 billion. He later served on the board of Hewlett-Packard from 2008 to 2018. Marc holds a BS in Computer Science from the University of Illinois at Urbana-Champaign. Marc serves on the board of the following Andreessen Horowitz portfolio companies: Applied Intuition, Carta, Coinbase, Dialpad, Flow, Golden, Honor, OpenGov, and Samsara. He is also on the board of Meta.“
According to a report by The Daily Hodl, during an interview on The Lunar Society podcast, Andreessen said:
“We’re looking for really sharp founders who have a vision and the determination to go after it… where there’s some reason to believe that there’s some deep level of technological economic change happening, which is what you need for a new startup to wedge into a market. That there’s a reason for it to exist, there’s a market for what they’re building and they’re going to build a product and there’s going to be an intersection between product and market and there’s going to be a way to make money. We go into every crypto investment with the same timeframe we go into venture investing. So we go in with at least a five to 10-year timeframe, if not a 15 to 20-year time frame.“
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