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Welcome again to Chain Reaction, a podcast that interviews newsmakers in crypto to raised perceive the tech behind the hype and the individuals working to construct a decentralized future.
For this week’s episode, Jacquelyn interviewed Arianna Simpson, normal companion at Andreessen Horowitz (generally often known as a16z).
Previous to becoming a member of a16z, Arianna based Autonomous Companions, an funding fund centered on crypto. She additionally helped launch Crystal Towers Capital, an early-stage fund investing primarily in YC corporations.
A16z has dug deep into the crypto area after launching 4 funds devoted to the business. The latest one closed at $4.5 billion in Might 2022, and Arianna thinks it’s applicable, given the dimensions of the chance.
“I actually assume the ecosystem has grown to a dimension the place it completely helps a fund of this dimension and that’s why we raised a fund of this dimension,” Simpson mentioned. “We didn’t have to lift any quantity; we selected a quantity that we thought spoke to the dimensions of the chance. The ecosystem has clearly grown tremendously and is constant to draw tons of early-stage entrepreneurs who’re constructing throughout the board.”
When requested if there could be a fifth crypto fund from a16z, Simpson mentioned, “I actually hope so.” She added a16z will “proceed to tailor our fund sizes to alternatives we see available in the market.”
A number of the agency’s portfolio corporations embody massive crypto gamers we’ve interviewed prior to now, like Alchemy, Avalanche and Aptos.
Through the years, there’s been an enlargement of funding alternatives “into a complete new world of client functions, experiences and merchandise that simply weren’t doable as a result of they couldn’t run on blockchains a number of years in the past, and now they’re,” Simpson mentioned. “To me, that’s what’s actually thrilling: there’s this entire world of functions that can be utilized by customers.”
We talked about Simpson’s background, how her technique has modified through the years, what she seems for in founders and whether or not she would launch one other VC agency sooner or later.
We additionally mentioned:
- The present investing local weather
- The web3 gaming area
- The place founders are constructing
- The regulatory panorama
- Recommendation for founders
Chain Response comes out each different Thursday at 12:00 p.m. PT, so make sure to subscribe to us on Apple Podcasts, Spotify or your favourite pod platform to maintain up with the newest in web3 and crypto.
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