Skip to main content

##Andreessen Horowitz raises $515 million for crypto VC fund



Free Crypto Mobile Signals App -

https://play.google.com/store/apps/details?id=com.freecryptosignals.app

              Visit - https://t.me/s/cryptosignalalert



For more latest update news on Cryptocurrency, Free Crypto signals on Telegram & Bitcoin Binance automated trading BOT visit above given Telegram channel

The Silicon Valley VC firm raised $65 million more than it expected.
Silicon Valley behemoth raises $515 million for crypto fund.
The money will be used to launch new blockchains.
This is the firm’s second crypto fund.


Silicon Valley venture capital behemoth Andreessen Horowitz has raised over half a billion dollars for a new crypto fund. 
The $515 million investment fund, which reportedly closed today, surpasses its initial goal of $450 million by $65 million. Chris Dixon, who leads the fund along with colleague Katie Kaun, wrote in a tell-all blog post that the money will be used to debut several new blockchains.

"It's very rare that major, new computing paradigms come along, and we think this is on the scale of cloud and mobile for the Internet,” Dixon told Fortune.

Dixon and Haun explained to readers that they’re “excited about” payments systems, digital stores of value, decentralized finance, Web3, and new ways for creators to monetize. 

This, of course, “only scratches the surface of the yet-to-be-imagined applications that entrepreneurs will dream up.”


This is the firm’s second crypto investment fund. Of the $300 million raised for its first investment fund, $25 million went to Coinbase in 2013, with another funding round completed in 2018. It also helped Ethereum competitor Dfinity raise $163 million in two funding rounds—although it is two years behind schedule. 
Other investments include MakerDAO, Compound and Filecoin. Kaun declined to disclose to Fortune details about the performance of the fund.


The venture capital firm is also running a crypto startup school, a free, seven-week blockchain education program. Mentors include Andreessen Horowitz partners, as well as those from top VC funds, and any bright sparks will have their chance to pitch their projects. 

Others yet may have responded to the VC firm’s call to arms earlier this month. Amid the turmoil caused by the coronavirus, Marc Andreessen asked America to “reboot the American dream” in an essay titled: “It’s Time to Build.” 

Now flush with cash for crypto projects, to whom will the VC fund provide a helping hand? 




Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

##How this phase of coronavirus can make you rich in Bitcoin Trading?

                                Visit - https://t.me/cryptosignalalert Visit - https://play.google.com/store/apps/details?id=com.freecryptosignals.app Coronavirus has shock the entire world. Coronavirus has created a temporary fear amongst the investors. As expert have rightly pointed out, fear is the time to get in the market. But which coin will you trade to make huge profit instantly out of these market. We have revealed 3 coins that is going to breakout soon in our Free Crypto Signal Community  - https://t.me/cryptosignalalert Visit our Mobile App link and start trading from your mobile -  https://play.google.com/store/apps/details?id=com.freecryptosignals.app   We have reveal the best strategy to make profit from Crypto Trading. The best part is these are free. You can use our Crypto Bot to trade from your mobile.
Post a Comment
Read more

##Bitcoin dominance over crypto market spikes to 2017 levels

Free Crypto Mobile Signals App - https://play.google.com/store/apps/details?id=com.freecryptosignals.app               Visit - https://t.me/s/cryptosignalalert For more latest update news on Cryptocurrency, Free Crypto signals on Telegram & Bitcoin Binance automated trading BOT visit above given Telegram channel With the Bitcoin halving fast approaching, the king of crypto has fully recovered from the Black Thursday market crash and regained its throne In Brief Bitcoin is close to achieving the same market dominance that it reached following the 2017 bull run. It demonstrates a rising interest in Bitcoin over altcoin competitors. Bullish sentiment due to recent performance ahead of the Bitcoin halving could be partly Bitcoin is once again silencing its critics, skyrocketing up the price charts, and smashing altcoins in its wake. According to data shared by Messari researcher Ryan Watkins, Bitcoin is close ...
Post a Comment
Read more

#Former Trump advisor: Coronavirus will hasten move to Digital Money

Free Crypto Mobile Signals App - https://play.google.com/store/apps/details?id=com.freecryptosignals.app               Visit - https://t.me/s/cryptosignalalert For more latest update news on Cryptocurrency, Free Crypto signals on Telegram & Bitcoin Binance automated trading BOT visit above given Telegram channel Gary Cohn thinks that cash is contaminated trash, and that, amid the coronavirus, it’s high time to move towards digital wallets. In brief A former Trump advisor believes the coronavirus has hastened the move towards digital wallets. These would bring many benefits such as quicker access to government aid. But he notes that it might not be any time soon. Gary Cohn, a former director of the US National Economic Council, believes that “the slow rise of digital currency has been given a gigantic boost” by the coronavirus pandemic.  In an op-ed in the Financial Times yesterday, Cohn, who is also on t...
Post a Comment
Read more