Former federal prosecutor Katie Haun is co-founding a new crypto fund.
The Silk Road prosecutor was first introduced to Bitcoin seven years ago after spending her career investigating prison gangs, corrupt officials, and the mafia for the U.S. Department of Justice.
She went on to create the government’s first cryptocurrency task force and led investigations into the Mt. Gox hack and the corrupt agents on the Silk Road task force. Seven years later, Haun now oversees a $350-million crypto fund launched last summer by Silicon Valley investing powerhouse Andreessen Horowitz (a16z).
Now, she announced on Twitter that she is partnering with Andreessen Horowitz to lead Crypto Fund III, a massive $2.2 billion venture fund that will target crypto projects and teams.
In a series of tweets, Haun shares her perspective on crypto and where she sees the space going.
“This is the largest crypto fund ever raised, a validating moment for the ecosystem and another sign that crypto is mainstreaming, innovation in the space is accelerating, and use-cases are broadening.
We are radically optimistic about crypto’s potential. This fund allows us to find the next generation of visionary crypto founders, and invest in areas that touch the core pillars of the crypto ecosystem: infrastructure, DeFi (decentralized finance), NFTs (non-fungible tokens), gaming and more.
We’re going all in on our belief crypto is not only the future of finance but, as with the internet in the early days, is poised to transform many other aspects of our lives.”
Joining her in the crypto fund is Bill Hinman, the former director of the SEC’s Corporate Finance Division, Tomicah Tillemann, former senior advisor to Joe Biden, investor and entrepreneur Alex Price, advisory partner Bret McIntosh and former Coinbase communications vice president Rachel Horwitz.
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