The general partner of the company isKatie Haun.
One of the world's top tHe investors is leaving to start her own venture capital fund.
The first female general partner at the firm, Haun said her fund will focus on start-ups in the area of cryptocurrencies and the internet of things.
Haun was a former federal prosecutor. The firm has been plowing money into start-ups and projects this year, and has already fully deployed its latest $2.2 billion fund raised in June.
Chris Dixon will stay on and lead the firm's investments, along with three other partners.
Haun said that he and Chris started their first fund as a moonshot experiment. It has exceeded both of our expectations thanks to the hard work of many. The internet will be transformed by web3 today.
Haun is leaving her job as the next wave of the internet, called Web3 or Web 3.0, is described by techies as the next wave of the internet. She said she will keep her board seats at the companies.
Haun will have a limited partner in his new fund. The firm's co-founding partners, as well as their friend and colleague, Ben Horowitz, will all contribute to Haun's new endeavor.
The first digital asset that the company made its first investment in was through Coinbase. Three years ago, it launched its first official fund focused on cryptocurrencies. The value of the digital currency plummeted from the highs of the previous year.
Since the announcement of the first fund by the company, the price of the virtual currency has increased by 700%.
There is a video about a person on the newest fund of a company.
