Is Andreessen Horowitz betting on crypto?

We’ll send you a myFT Daily Digest email rounding up the latest Andreessen Horowitz news every morning. Andreessen Horowitz, the Silicon Valley venture capital group, is betting on crypto to break up the excessive concentration of Big Tech power that the firm played a prominent role in creating, according to one of its leading partners.

What is Andreessen Horowitz's new fund?

Andreessen Horowitz’s new fund comes amid a crypto gold rush. So far this year, venture capitalists have invested $17 billion in crypto companies, according to Bloomberg. Union Square Ventures, another early investor in Coinbase, will reserve 30 percent of its new $251 million fund for crypto companies.

How did John Andreessen & Mark Horowitz make money?

As venture capitalists, Mr. Andreessen and Mr. Horowitz aggressively raised money and outbid rivals, taking early stakes in Facebook, Twitter, Pinterest, Airbnb and Slack. Mr. Andreessen defined the approach as “us versus the world.”

Why did David Horowitz join Netscape?

Mr. Horowitz joined Netscape at the start of a war with Microsoft, which dominated the personal computing market and deliberately limited access to the browser. Netscape was sold to AOL for $4.2 billion in 1998, and a year later, the pair started an early cloud-computing company that was sold to Hewlett-Packard for $1.6 billion in 2007.