Katie Haun, a general partner at Andreessen Horowitz, is departing the firm to found a new fund dedicated to crypto and Web3 startups, according to Axios.
Haun joined the venture capital giant in mid-2018 and went on to spearhead some of its most notable crypto investments, including crypto exchange Coinbase. She has also served as co-chair of a16z's $2 billion-plus crypto fund. Haun previously served at the Department of Justice between 2006 and 2017, last serving as an Assistant U.S. Attorney and Digital Currency Coordinator.
"I've been here for four years and am really proud of the value delivered to LPs and the founders we've backed," Haun told Axios. "Marc, Ben and Chris really took a chance on me and on crypto, and I'm ready to go out on my own."
Per the report, a16z will serve as a limited partner in Haun's new fund. Axios reported that Haun "plans to be the [fund's] only general partner and that it will focus on crypto and Web3 startups."