In brief

  • Haun's deals at a16z include funding for OpenSea and Royal.
  • Her new fund will focus on crypto and Web3, but she has shared few additional details.

Katie Haun has cut a broad swath in the crypto world, first learning about Bitcoin as a federal prosecutor before joining the board of Coinbase and then Andreessen Horowitz (a16z) as the crypto investment giant's first female partner. Now she's heading out on her own.

On Wednesday, Haun announced she is leaving a16z next year to start her own investment fund focused on crypto and Web3.

Haun has yet to share what the new firm will be called, but Axios reports that a16z and its individual partners will be among its investors.

Haun has become one of the most influential figures in crypto due to her biography—which also includes a clerkship at the Supreme Court—as well as her groundbreaking role as one of two general partners to lead the country's first crypto-focused venture funds at a16z in 2017.

During her time at a16z, Haun led deals to back the music NFT service Royal, the storage service Arweave and the giant NFT platform OpenSea.

Haun has also been skillful at cultivating the media, earning a series of flattering profiles in mainstream publications like the New York Times and Fortune.

She first encountered crypto as a federal prosecutor in San Francisco where her former boss asked her to file criminal charges against "Bitcoin"—an assignment that obviously proved futile.

But Haun would go on to play a key role in bringing charges against corrupt law enforcement officials who stole Bitcoin from the drug marketplace Silk Road, and against websites that used BTC for money laundering.

During the course of her law enforcement investigations, she came to know the Coinbase founders, Brian Armstrong and Fred Ehrsam, learning that the crypto world was much broader than criminal enterprises.

She has remained close with Armstrong, who told Axios, “Katie is a very special leader in the crypto community who has been an invaluable part of the Coinbase team as we’ve grown. Founders starting out in crypto will benefit from having her in their corner."

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