Andreessen Horowitz wants to invest this amount in the Bitcoin industry
Venture capitalist Andreessen Horowitz is apparently setting up a crypto fund. (Photo: Rafapress / Shutterstock)
Andreessen Horowitz wants to capitalize his third crypto fund with a whopping two billion US dollars. It might be worth it.
Now suddenly everyone is doing in cryptocurrencies. The venture capitalist Andreessen Horowitz is also apparently setting up a new crypto fund – and it could have washed up. Because like the business blogger Eric Newcomer in one blog entry writes, the venture capitalist wants to provide a total of two billion US dollars in capital for the crypto industry. One thing is clear: Andreessen Horowitz relies fully on crypto currencies. After all, the fund now in the room would already be the Californian company’s third crypto fund.
It has been known for some time that the company wants to set up another fund with a focus on the crypto sector. Only about the fund volume has so far been no information. At $ 2 billion, the new fund would probably be one of the more financially strong components of the portfolio, which claims to include $ 16.5 billion in Assets Under Management (AUM). Of course, assuming that the venture capitalist can induce a sufficient number of investors to invest in the fund.
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Good business for Andreessen Horowitz
According to reports, the company will probably take 2.5 percent of management fees for the fund. With a volume of two billion dollars, the annual turnover would amount to about 50 million dollars. A lucrative business for the finance manager who is still run by Marc Andreessen and Ben Horowitz.
Eric Newcomer does not disclose where the inside information came from. When asked by BTC-Echo, Andreessen Horowitz had not commented on the rumored amount by the editorial deadline.
author of the article is David Scheider.
