1. Home
  2. Marc Andreessen

Marc Andreessen

Billionaire Investor Marc Andreessen Reveals Crypto Playbook, Addresses Criticisms of One Digital Asset Sector

Billionaire Investor Marc Andreessen Reveals Crypto Playbook, Addresses Criticisms of One Digital Asset Sector

Billionaire venture capitalist Marc Andreessen is laying out his crypto investing playbook, and defending one sector of the industry against critics. In a new interview on The Lunar Society podcast, the co-founder of Andreessen Horowitz says that he invests in the crypto space the same way as other venture capital investments. “We’re looking for really […]

The post Billionaire Investor Marc Andreessen Reveals Crypto Playbook, Addresses Criticisms of One Digital Asset Sector appeared first on The Daily Hodl.

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years

Disclosures Show Shopify’s CEO Bought $3M Worth of Coinbase Shares During the Past 2 Months

Disclosures Show Shopify’s CEO Bought M Worth of Coinbase Shares During the Past 2 MonthsPublic records show that Shopify’s CEO Tobias Lütke has purchased close to $3 million in Coinbase shares during the last 60 days. Lütke became a Coinbase board member last February and because he is a Coinbase associate, he’s required by law to submit his trades to the U.S. Securities and Exchange Commission (SEC). Since August […]

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years

Billionaire and Tech Pioneer Marc Andreessen Says Crypto Industry Rhyming With Rise of Internet

Billionaire and Tech Pioneer Marc Andreessen Says Crypto Industry Rhyming With Rise of Internet

Silicon Valley venture capitalist Marc Andreessen is weighing in on how the rise of crypto and blockchain compares to the internet’s early phases. In an interview with the Bankless podcast, the co-founder of Andreessen Horowitz says he’s never before compared any new development in tech to the rise of the internet until now. “This is […]

The post Billionaire and Tech Pioneer Marc Andreessen Says Crypto Industry Rhyming With Rise of Internet appeared first on The Daily Hodl.

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years

Marc Andreessen may step down from Meta board due to crypto empire: Reports

The billionaire investor may be stepping down from Meta’s board along with Peter Thiel due to concurrent investments in Web3 that conflict with Meta’s interests.

Billionaire co-founder of crypto venture capital firm A16z Marc Andreessen may be leaving the board of directors of Meta due to his firm’s investments in the Web3 space.

Business Insider reported on Mar. 25 that a source familiar with the situation said “it would not surprise me even remotely” if Andreessen exited the board in the next few months. Andreessen could leave as soon as May when the board has its next re-election.

Andreessen has not made a public statement regarding his future with the Meta board.

Meta has begun to build or acquire several Web3 projects related to the Metaverse, NFTs, social networking, finance, and entertainment, which means a16z’s crypto empire could create a conflict of interests. On Mar. 18, Meta applied to patent user identification software most commonly used in hardware and e-wallets similar to Metamask or Ledger.

a16z meanwhile is the leading VC firm in the cryptocurrency space. It helped lead the recent investment round in BAYC creator Yuga Labs and launched a $30 million fund on Mar. 11 to support nonfungible token (NFT) art projects. The $450 million investment round in Yuga Labs marks one of the largest NFT project seed rounds ever.

A16z’s other previous or active investments in the crypto space include decentralized exchange Uniswap, centralized exchange Coinbase, NFT marketplace OpenSea, DeFi protocol Maker, and decentralized lending platform Compound.

A16z raised $2.2 billion for its third crypto fund in the middle of last year and intends to raise $4.5 billion for its next fund in the coming months, making it the largest such venture to date.

A spokesperson for a16z denied the rumors, telling Business Insider:

“If he were to step down, he doesn’t know about it. So no, it’s not happening. At least not now.”

Andreessen has been on the former Facebook board since 2008, longer than any other current non-Meta team member. Early Facebook investor Peter Thiel will step down in May for a number of reasons including his crypto investments in Block.one (the blockchain solutions firm behind EOS) and crypto trading platform BitPanda.

Related: Diem team members raise $200M to launch blockchain derived from it

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years

Andreessen Horowitz Discusses Raising Third Crypto Fund to $2 Billion, Sources Say

Andreessen Horowitz Discusses Raising Third Crypto Fund to  Billion, Sources SayIn May 2020, back when the crypto economy was still tumultuous from the coronavirus outbreak fears and gloomy global financial outlook, in general, the private venture capital firm Andreessen Horowitz (a16z) revealed the 500 million-dollar “Crypto Fund II.” A report published on May 27 by the tech writer Eric Newcomer indicates that Andreessen Horowitz is […]

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years