Andreessen Horowitz has launched a $300 million fund to invest in blockchain projects and initial coin offerings.
Andreessen Horowitz is perhaps the most prestigious tech venture capital (VC) firm in the world…
When Andreessen Horowitz invests in a startup, it’s a clear sign the company has the potential to become a disruptive force… For example, in 2011, Andreessen Horowitz invested $80 million in Twitter. It was also an early investor in blockbuster companies like Facebook, Groupon, and Airbnb.
Despite its huge successes as an early stage tech investor, the firm is renouncing Silicon Valley entirely… It’s found another investment opportunity so big — so lucrative—it’s giving up its status as a Venture Capital firm to pursue it.
When a company like Andreessen Horowitz changes its entire business model, that’s huge news.
And it’s an opportunity that everyone should be familiar with – cryptocurrencies!
If you want to ride this institutional wave, buy some bitcoin. Institutional investors will need bitcoin to buy most other cryptos.