Keeping the Crypto Industry Bankrolled

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.cdixon's leadership of VC firm a16z's crypto arm has kept the crypto industry bankrolled during a dramatic market downturn that saw billions of dollars leave the space. MostInfluential2022, presented by bitstamp:

Cryptocurrency and Web3 evangelist Chris Dixon is a partner at venture capital firm Andreessen Horowitz , one of the crypto industry’s leading VCs. There he has cultivated a reputation for having something of a Midas touch, leading a $25 million funding round for Coinbase back in 2013 that allowed a16z to ultimately amass nearly 20 million shares in the crypto exchange company. Those shares yielded a roughly $10 billion return when Coinbase went public in 2021.

Since joining a16z in 2012, Dixon has helmed the firm’s crypto arm, raising a massive $4.5 billion fund in May, just at the start of the crypto industry’s dramatic market downturn.Then crypto winter descended and money dried up for most startups. But Dixon’s debut crypto fund has continued to distribute money to promising industry players, such as Uniswap and game studio Roboto Games.

The launch of the new accelerator program is 12 weeks long and grants participants $500,000 in seed funding and access to mentors and advisers. Dixon, a serial entrepreneur turned capitalist, got his start in crypto in 2012, after stints as an employee at eBay and as founder and CEO of product-recommendation company Hunch. Over the years he has closed deals with several other companies that have gone on to become prominent players in the digital assets space. Those companies include decentralized crypto exchange Uniswap and open-source blockchain Avalanche. In addition, he made a $7.

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