Andreessen Horowitz has been one of the most active organizations in the new field when it comes to digital currency and venture capital groups. According to Recode, the corporation may be ready to start a new fund devoted to the buying and selling of bitcoin assets. If genuine, this move would represent a significant extension of the firm’s objective. It would also be a watershed moment for the digital currency industry as a whole, as investors continue to try to cash in on the hype surrounding the new space. While Andreessen Horowitz has invested in blockchain firms, cryptocurrency funds, and initial coin offerings, it has not yet invested in publicly traded digital currencies.
Two job advertisements on the company’s website have contributed to the hype around the venture capital business. These job postings indicate that the company is looking for new employees for a “separately managed fund focusing on crypto assets.” Andreessen Horowitz has only made investments from two types of funds up to this point: one for startups in various stages of development and the other for bio investing.
The two job postings do not specify how much money Andreessen Horowitz intends to collect in assets under management, when the fund might launch, and so on. It’s also feasible that the new fund would be used to continue the firm’s investment in token and blockchain firms. The job listings are for a legal counsel and a finance and operations manager; the legal counsel would ensure that the business’s cryptocurrency investments are in accordance with SEC regulations, while the finance manager would assist the firm in collecting money from limited partners.
Traditional venture capital companies have been hesitant to participate directly in cryptocurrencies, with some limited partners concerned about the overall dangers. Andreessen Horowitz, on the other hand, has established itself as a venture capital firm with a distinct focus in the industry. It is unclear what the firm’s new fund will look like, when it will open, and how it will invest.
Investing in cryptocurrencies and Initial Coin Offerings (“ICOs”) is very dangerous and speculative, and this article is not a suggestion by Investopedia or the writer to do so. Because every person’s circumstance is different, a knowledgeable specialist should always be contacted before making any financial choices. Investopedia makes no guarantees or warranties about the accuracy or timeliness of the information provided on this site. The author owns bitcoin and ripple as of the day this post was published.
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