In a recent interview at TechCrunch Disrupt, former a16z general partner Katie Haun expressed her confidence in the crypto industry, emphasizing that now is an excellent moment for investment.
Reflecting on the crypto market’s trajectory over the past years, Haun dispelled the notion that it’s been a quiet period, asserting, “I think there’s a perception out there that crypto is crickets chirping. We find ourselves very busy.” She noted that her team was deliberate in its approach, waiting for the market correction before making significant deployments.
Despite a 40% drop from its peak, Haun remains bullish about crypto’s future. Having left Andreessen Horowitz to establish Haun Ventures nearly two years ago, she recently raised a total of $1.5 billion across two crypto funds.
The first fund, earmarked for early-stage investments, totals $500 million and primarily focuses on A, B, and C rounds. The second fund supports later-stage crypto projects, reflecting an acceleration fund. While Haun mentioned that the larger fund has closed deals with two rapidly growing “iconic brands” in crypto, she opted to keep their identities confidential.
Interestingly, Haun revealed that a substantial portion of the funds remains unutilized. Half of the larger fund remains untouched, and the deployment in the early-stage fund is comparably modest. Despite the ample size of the funds, Haun expressed contentment with the $1.5 billion raised, affirming, “We think we’ve picked our size and our strategy for a reason.”
In a resolute stance, Haun declared, “Even if the market is in a massive crypto bull run, we don’t intend to increase our size.” Her comments reflect a strategic commitment to the chosen scale and approach of Haun Ventures, setting a deliberate course for the future.
As the crypto market continues to evolve, Katie Haun’s perspective offers valuable insights into the opportunities and strategies that underlie investments in this dynamic industry.