Capital Firm raised $300 million for its first crypto-focused fund

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Despite that btc and the whole market went down this past few days, there are still many people who doesn’t stop investing and accumulating btc and altcoins. 

The firm, Andreessen Horowitz, raised about $300 million on a first-ever fund dedicated to crypto companies. 

Compny plans to put the raised money in everything from early-stage coins and tokens, to later-stage networks like bitcoin or ethereum, and will hold those investments for up to 10 years.

 

Chris Dixon is general partner at Andreessen Horowitz said that the firm is in a long-term, with a strat of being in a patient-approach in dealing with cryptocurrencies. 

 

What are your thoughts about it?

Source: 

https://www.cnbc.com/2018/06/25/leading-venture-capital-firm-andreessen-horowitz-raises-its-first-dedi.html