Difference between revisions of "A16z crypto"

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== Basics ==
== Basics ==
* The newly created, dedicated crypto fund by [[Andreessen Horowitz]]
* The newly created, dedicated crypto fund by [[Andreessen Horowitz]]
* Has a thesis on [https://a16z.com/2020/01/09/progressive-decentralization-crypto-product-management/ Progressive Decentralization] which states that for any successful network product, achieving product/market fit should be prioritized before aiming for complete [[decentralization]].
* Has a [[thesis]] on [https://a16z.com/2020/01/09/progressive-decentralization-crypto-product-management/ Progressive Decentralization] which states that for any successful network product, achieving product/market fit should be prioritized before aiming for complete [[decentralization]].
*[[Chris Blec]] sent out a [https://defiwatch.net/a-request-for-transparency-from-a16z/ letter] on a16z's voting policies regarding [[Uniswap (UNI)|Uniswap]] (29-6-2021). This came after a vote got passed where it became clear that a16z was the driving force behind it, without major community support.
*[[Chris Blec]] sent out a [https://defiwatch.net/a-request-for-transparency-from-a16z/ letter] on a16z's voting policies regarding [[Uniswap (UNI)|Uniswap]] (29-6-2021). This came after a vote got passed where it became clear that a16z was the driving force behind it, without major community support.


== Investments ==
== Investments ==
* ''"Andreesen Horowitz's A16z is [https://www.coindesk.com/a16z-wants-to-bet-big-on-high-risk-assets-like-crypto pivoting] out of traditional venture capitalism and into higher risk assets like cryptocurrencies and digital assets; A16z recently registered all 150 employees as financial advisers, opening the doors to $1B in capital for riskier investments with less regulatory oversight "''
* ''"Andreesen Horowitz's A16z is [https://www.coindesk.com/a16z-wants-to-bet-big-on-high-risk-assets-like-crypto pivoting] out of traditional venture capitalism and into higher risk assets like cryptocurrencies and digital assets; A16z recently registered all 150 employees as financial advisers, opening the doors to $1B in capital for riskier investments with less regulatory oversight "''
* Anchorage. Has invested in and is using [[Anchorage]] for security. Part of a [https://www.coindesk.com/anchorage-newly-cleared-as-us-crypto-bank-raises-80m-from-a16z-and-others $80M fund raise] (25-2-2021).
* [[Aptos]]; lead their [https://medium.com/aptoslabs/expanding-the-aptos-community-38c5b18a84b7 $200m] strategic round (15-3-2022).
*Anchorage. Has invested in and is using [[Anchorage]] for security. Part of a [https://www.coindesk.com/anchorage-newly-cleared-as-us-crypto-bank-raises-80m-from-a16z-and-others $80M fund raise] (25-2-2021).
*[[Angle Protocol|Angle]]; took part in the $5M raise (28-9-2021).
*[[Angle Protocol|Angle]]; took part in the $5M raise (28-9-2021).
*[[Celo]] has [https://cryptotickerr.us17.list-manage.com/track/click?u=6fd84371154acc769ed5664bc&id=946c1738cc&e=b9fac0945e raised]<strong> </strong>$30M led by [[Andreessen Horowitz]]'s A16z
*[[Celo]] has [https://cryptotickerr.us17.list-manage.com/track/click?u=6fd84371154acc769ed5664bc&id=946c1738cc&e=b9fac0945e raised]<strong> </strong>$30M led by [[Andreessen Horowitz]]'s A16z
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*[[Fei Protocol (FEI)|Fei Protocol]]; part of a [https://www.coindesk.com/coinbase-naval-framework-ventures-19m-raise-fei-stablecoin $19M raise] (9-3-2021).
*[[Fei Protocol (FEI)|Fei Protocol]]; part of a [https://www.coindesk.com/coinbase-naval-framework-ventures-19m-raise-fei-stablecoin $19M raise] (9-3-2021).
*[[Goldfinch Protocol|Goldfinch]]; led a [https://medium.com/goldfinch-fi/goldfinch-raises-11m-from-andreessen-horowitz-to-build-the-next-phase-of-decentralized-credit-459b08e7653 $11M] raise (22-6-2021).
*[[Goldfinch Protocol|Goldfinch]]; led a [https://medium.com/goldfinch-fi/goldfinch-raises-11m-from-andreessen-horowitz-to-build-the-next-phase-of-decentralized-credit-459b08e7653 $11M] raise (22-6-2021).
*Handshake. One of the [https://messari.io/article/handshake-project-revealed-at-136-million-valuation backers] of a $10.2M token sale (7.5% of the supply) for [[Handshake]] (3-8-2020).
*Handshake. One of the [https://messari.io/article/handshake-project-revealed-at-136-million-valuation backers] of a $10.2M [[token]] sale (7.5% of the supply) for [[Handshake]] (3-8-2020).
*[[Helium Token (HNT)|Helium]]; led a [https://twitter.com/TheBlock__/status/1425255811731894278 $111M] token sale (11-8-2021).
*[[Helium Token (HNT)|Helium]]; led a [https://twitter.com/TheBlock__/status/1425255811731894278 $111M] token sale (11-8-2021).
*[[MakerDAO]]. As one of their first investments it has [https://medium.com/makerdao/a16z-crypto-purchases-6-of-mkr-backing-stablecoin-vanguard-makerdao-ff410a692393 purchased] 6% of the total [[Makercoin (MKR)|MKR]] token supply for $15 million USD. "The strategic purchase in [[Maker DAO]] is one of the first from a16z crypto, the newly created, dedicated crypto fund from Andreessen Horowitz. The move was driven by General Partner [[Katie Haun]], an accomplished former federal prosecutor who led the first government task force on cryptocurrencies and also led the investigation into the [[Mt. Gox]] hacks and into the federal task force investigating [[The Silk Road|Silk Road]]. ''“As a first mover and innovator in [[stablecoins]], MakerDAO represents a very compelling opportunity in the crypto space,” said Katie Haun, “MakerDAO’s technology, ecosystem and talent have put theory into action to deliver a [[decentralized]] stablecoin that we believe will help drive the future of the crypto economy.”"''
*[[MakerDAO]]. As one of their first investments it has [https://medium.com/makerdao/a16z-crypto-purchases-6-of-mkr-backing-stablecoin-vanguard-makerdao-ff410a692393 purchased] 6% of the total [[Makercoin (MKR)|MKR]] token supply for $15 million USD. "The strategic purchase in [[Maker DAO]] is one of the first from a16z crypto, the newly created, dedicated crypto fund from Andreessen Horowitz. The [[move]] was driven by General Partner [[Katie Haun]], an accomplished former federal prosecutor who led the first government task force on cryptocurrencies and also led the investigation into the [[Mt. Gox]] hacks and into the federal task force investigating [[The Silk Road|Silk Road]]. ''“As a first mover and innovator in [[stablecoins]], MakerDAO represents a very compelling opportunity in the crypto space,” said Katie Haun, “MakerDAO’s technology, ecosystem and talent have put theory into action to deliver a [[decentralized]] [[stablecoin]] that we believe will help drive the future of the crypto economy.”"''


As part of this partnership, [[MakerDAO]] will receive operating capital through the next growth stage, 3 years of support for the MakerDAO community, and most importantly, full operational support from the 80+ person Andreessen Horowitz [[a16z]] team. Specifically, [[Dai]] Stablecoin adoption and regulatory support are two of the first priorities.
As part of this partnership, [[MakerDAO]] will receive operating capital through the next growth stage, 3 years of support for the MakerDAO community, and most importantly, full operational support from the 80+ person Andreessen Horowitz [[a16z]] team. Specifically, [[Dai]] Stablecoin adoption and regulatory support are two of the first priorities.

Revision as of 04:20, 21 March 2022

Basics

  • The newly created, dedicated crypto fund by Andreessen Horowitz
  • Has a thesis on Progressive Decentralization which states that for any successful network product, achieving product/market fit should be prioritized before aiming for complete decentralization.
  • Chris Blec sent out a letter on a16z's voting policies regarding Uniswap (29-6-2021). This came after a vote got passed where it became clear that a16z was the driving force behind it, without major community support.

Investments

  • "Andreesen Horowitz's A16z is pivoting out of traditional venture capitalism and into higher risk assets like cryptocurrencies and digital assets; A16z recently registered all 150 employees as financial advisers, opening the doors to $1B in capital for riskier investments with less regulatory oversight "
  • Aptos; lead their $200m strategic round (15-3-2022).
  • Anchorage. Has invested in and is using Anchorage for security. Part of a $80M fund raise (25-2-2021).
  • Angle; took part in the $5M raise (28-9-2021).
  • Celo has raised $30M led by Andreessen Horowitz's A16z
  • Element Finance; took part in the $4.4M raise (1-4-2021). Reinvested in their Series A raise of$32M (19-10-2021).
  • Fei Protocol; part of a $19M raise (9-3-2021).
  • Goldfinch; led a $11M raise (22-6-2021).
  • Handshake. One of the backers of a $10.2M token sale (7.5% of the supply) for Handshake (3-8-2020).
  • Helium; led a $111M token sale (11-8-2021).
  • MakerDAO. As one of their first investments it has purchased 6% of the total MKR token supply for $15 million USD. "The strategic purchase in Maker DAO is one of the first from a16z crypto, the newly created, dedicated crypto fund from Andreessen Horowitz. The move was driven by General Partner Katie Haun, an accomplished former federal prosecutor who led the first government task force on cryptocurrencies and also led the investigation into the Mt. Gox hacks and into the federal task force investigating Silk Road. “As a first mover and innovator in stablecoins, MakerDAO represents a very compelling opportunity in the crypto space,” said Katie Haun, “MakerDAO’s technology, ecosystem and talent have put theory into action to deliver a decentralized stablecoin that we believe will help drive the future of the crypto economy.”"

As part of this partnership, MakerDAO will receive operating capital through the next growth stage, 3 years of support for the MakerDAO community, and most importantly, full operational support from the 80+ person Andreessen Horowitz a16z team. Specifically, Dai Stablecoin adoption and regulatory support are two of the first priorities.

Team, etc.

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