Andreessen Horowitz (also called a16z, legal name AH Capital Management, LLC) is a private American venture capital firm, founded in 2009 by Marc Andreessen and Ben Horowitz. The company is headquartered in Menlo Park, California.
Andreessen Horowitz has launched a multi-billion dollar fund to invest in volatile ecosystems, betting that it is as influential as the Internet.
Silicon Valley venture capital firm, founded by Marc Andreessen and Ben Horowitz, announced a new $ 2.2 billion password currency-centric fund on Thursday. We plan to distribute this capital to blockchain and digital asset startups.
In a blog post Katie Haun and Chris Dixon(partners who run Andreessen’s cryptocurrency group) said,”The size of this fund speaks to the size of the opportunity before us: crypto is not only the future of finance but, as with the internet in the early days, is poised to transform all aspects of our lives”
The company’s first crypto-centric fund started three years ago, now known as “Cryptographic Winter.” The value of Bitcoin that year recorded about 80% in 2017 with high viscosity. The latest funds are showing another low price for Bitcoin.