Two years ago, a16z launched its first dedicated $300m crypto fund. It has raised a second $515m in the same vein.
As general partner Chris Dixon — who leads the fund with general partner Katie Haun — tells Fortune: “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.”
https://techcrunch.com/2020/04/30/andreessen-horowitz-just-closed-its-second-crypto-fund/