Andreessen confirmed its effort on Monday, describing a $300 million fund that would invest in startups, digital currencies and crypto-related projects known as initial coin offerings. All future crypto deals by the firm will come from this fund, which closed on Friday. Dixon acknowledged in an interview that the fund was a bit of a reputational and financial risk for the firm, which started in 2009. But the venture capital firm has been one of the leading investors in blockchain, the core technology in cryptocurrency, beginning several years before it became trendy in Silicon Valley. “I would argue that going heavy into crypto was already kind of risky. I think it’s working out well,” said Dixon. “This is not a marketing thing to have a separate fund here. There are genuinely reasons to have it.”

https://www.recode.net/2018/6/25/17501602/andreessen-horowitz-katie-haun-crypto-fund-launch-women-venture-capital-diversity