Andreessen Horowitz can also invest $ 1 billion in cryptocurrencies

Andreessen Horowitz can also invest $ 1 billion in cryptocurrencies

By xlubecx | free life | 3 Apr 2019


The American venture capital company Andereessen Horowitz is undergoing restructuring to register all its employees as qualified financial advisors.

Andereessen Horowitz is a Silicon Valley-based company specializing in investing in start-ups and finances. With seven funds, Forbes has collected up to $ 1.7 billion, which can now be used for investment.

Restructuring will allow the company to make more risky investments in certain business areas, including cryptocurrency . "If the company (Andereessen Horowitz) wants to put a billion dollars in cryptocurrency or tokens, or buy unlimited shares in loyal companies or other investors," he says, "Forbes speculates."

Andereesen Howworitz invested $ 15 million in MakerDAO (MKR) last September. Through an investment fund labeled "a16z", it gained 6 percent of the total MKR token offer. The purchase was set to allow "a16z" to control MKR and Dai Credit. The opportunity is seen by Maker as the first organization to operate the DAI decentralized autonomous stablecoin.

Last June, Katie Haun was hired as her first partner in the cryptocenter. A $ 300 million cryptographic fund is set up to invest in different companies from blockchain projects to ICOs.

 

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xlubecx
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