After leaving a16z, Katie Haun introduced plans to lift almost a billion {dollars} to put money into varied crypto initiatives, together with NFTs and Web3. Nevertheless, she broke her personal expectations by elevating $1.5 billion.
- CryptoPotato reported in December final yr Haun’s plans to go away Andreessen Horowitz, the place she occupied the place of Basic Accomplice for years, specializing in digital belongings.
- In a while, she outlined her intentions to safe $900 million for her newly-found fund to put money into cryptocurrency initiatives.
- According to a CNBC report, although, her fund managed to lift almost twice the cash she supposed at first – $1.5 billion. Thus, she broke Mary Meeker’s file of the most important quantity raised by a solo feminine founding accomplice.
- She famous that the funds will primarily go for crypto initiatives and Web3-oriented firms, claiming that that is the “new period of the Web, and it deserves a brand new period of traders.”
“That’s one thing I’ve discovered via being concerned in deploying three different crypto funds: there’s nonetheless a ton of potential in crypto and Web3 fairness enterprise fashions, but in addition token enterprise fashions. I don’t suppose that you may actually be a crypto investor with out holding tokens.” – she added.
- Haun’s new fund will probably be divided into two segments. $500 million will go for early-stage firms, whereas the remaining $1 billion will probably be for later-stage initiatives.
- The previous a number of months have seen a quickly rising variety of firms and crypto initiatives allocating funds in the direction of the upcoming Web3. Some examples embrace Polkadot, Hashed, Fort Islands, and extra.
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