Andreessen Horowitz (a16z) partner Katie Haun, a prominent name in crypto investing, is leaving after four years to start her own firm.
Axios broke the news, and the fact that she will be joined by a small number of a16z staffers, including crypto marketing head and Coinbase alum Rachael Horwitz but no one from the investing team.
Haun, a Coinbase director and former U.S. prosecutor, has helped a16z become crypto’s most well-known backer. Earlier this year, a16z raised $2.2 billion for its third crypto fund and has already deployed a bevy of investments.
Read more: Most Influential: Katie Haun
“Today [Chris Dixon] and I shared with the a16z crypto team that I will be launching my own fund focused on crypto and Web 3 early next year. The current crypto fund will be my last at the firm,” Haun said on Twitter.
“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 web3 will transform the internet,” she added.
6/ This is an exciting new chapter. I'll share more details about the fund with the community later in the new year. In the meantime, wishing you all a very happy and healthy holiday season!
— Kathryn Haun (@katie_haun) December 15, 2021