{"id":27909,"date":"2022-05-25T10:51:26","date_gmt":"2022-05-25T14:51:26","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=27909"},"modified":"2024-04-10T23:41:58","modified_gmt":"2024-04-11T03:41:58","slug":"andreesen-horowitz-launches-4-5-billion-crypto-fund","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/andreesen-horowitz-launches-4-5-billion-crypto-fund\/","title":{"rendered":"Andreesen Horowitz Launches $4.5 Billion Crypto Fund"},"content":{"rendered":"\n
Andreesen Horowitz decides to fund cryptocurrency<\/a> companies with prospects amid the recurring market crash.<\/h5>\n\n\n\n
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According to CNBC\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, the Silicon Valley-based venture capital firm Andreessen Horowitz has announced a $4.5 billion fund to support crypto and blockchain companies.<\/p>\n\n\n\n

Andreessen Horowitz, founded on July 6, 2009, by Marc Andreessen and Ben Horowitz, specializes in investing in start-ups and growth companies across a variety of industries. The decision to launch the $4.5 billion fund coincides with a market downturn.<\/p>\n\n\n\n

The venture firm's latest investment, however, is not the first of its kind. During the crypto winter of 2018, the company raised $300 million in its first crypto-focused fund.<\/p>\n\n\n\n

In a phone interview with CNBC, Ariana Simpson, a general partner at the venture capital firm, believes the bullish run will continue as long as people pay more attention to ongoing price activity. Instead, building technologies would cause a bear market.<\/p>\n\n\n\n

Crypto has recently experienced a significant drop, but Simpson has remained composed in the face of the decline. According to her, the company only invests in top-tier companies whose projects are deemed to meet their standards.<\/p>\n\n\n\n

Instagram and Pinterest are just two of many companies that the company has previously predicted will succeed. While this is the company's fourth digital assets-related fund, its first major investment in cryptocurrency was with Coinbase in 2013.<\/p>\n\n\n\n

Andreessen Horowitz may inspire a bearish turn in the coming weeks or months, but much has already been losamidof an agonizing bullish run.<\/p>\n\n\n\n

A bearish run<\/use><\/svg><\/span><\/a> was predicted a fortnight ago, but it has yet to materialize. Coinshares data shows a loss of $141 million in crypto-backed investment funds in the last week.<\/p>\n\n\n\n

In comparison, by the end of the previous week, $274 had been gained. Bitcoin-backed funds<\/a> suffered the most, losing nearly $154 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

Andreesen Horowitz decides to fund cryptocurrency companies with prospects amid the recurring market crash. According to CNBC , the Silicon Valley-based venture capital firm Andreessen Horowitz has announced a $4.5 billion fund to support crypto and blockchain companies. Andreessen Horowitz, founded on July 6, 2009, by Marc Andreessen and Ben Horowitz, specializes in investing in […]<\/p>\n","protected":false},"author":33,"featured_media":27910,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,26],"tags":[],"class_list":["post-27909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-cryptocurrencies"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Cryptocurrency.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/27909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=27909"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/27909\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/27910"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=27909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=27909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=27909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}