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Welcome again to Chain Response, a podcast the place we interview cryptocurrency newsmakers to higher perceive the expertise behind the hype and the people who find themselves making a decentralized future.
For this week’s episode Jacquelyn interviewed Arianna Simpson, Common Associate at Andreessen Horowitz (generally often called a16z).
Previous to becoming a member of a16z, Arianna based Autonomous Companions, an funding fund targeted on cryptocurrency. She additionally helped discovered Crystal Towers Capital, an early-stage fund that invests primarily in YC firms.
A16z has delved into the cryptocurrency house after launching 4 funds devoted to the trade. Final value in 2022 Might. amounted to 4.5 billion USD, which Arianna thinks is suitable given the dimensions of the chance.
“I actually assume the ecosystem has grown to a dimension that totally helps a fund of this dimension, which is why we raised a fund of this dimension,” Simpson stated. “We did not have to boost any quantity; we selected a quantity that we consider represents the dimensions of the chance. Clearly, the ecosystem has grown tremendously and continues to draw many early-stage entrepreneurs who’re growing in varied fields.
When requested if there could be a fifth crypto fund from a16z, Simpson stated, “I definitely hope so.” She added that a16z “will proceed to regulate our fund sizes based mostly on the alternatives we see out there.”
Among the agency’s portfolio firms embody large crypto gamers we have beforehand lined, equivalent to Alchemy, Avalanche, and Aptos.
Over time, funding alternatives have expanded “into an entire new world of client apps, experiences and merchandise that simply weren’t attainable as a result of they could not run on blockchains just a few years in the past, and now they do,” Simpson stated. stated “That is actually fascinating to me: there’s an entire world of functions that customers can use.”
We talked about Simpson’s background, how her technique has advanced over time, what she seems for in founders, and whether or not she’ll be beginning one other enterprise capital agency sooner or later.
We additionally mentioned:
- The present funding local weather
- Web3 gaming house
- The place founders construct
- The regulatory panorama
- Suggestions for founders
Chain Response is launched each different Thursday at 12:00 PM. PT, so remember to subscribe to us on Apple Podcasts, Spotify, or your favourite podcast platform to maintain up with the most recent web3 and crypto.
