Former Andreessen Horowitz investor Katie Haun says she's not disappointed by raising $1.5 billion

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Former Andreessen Horowitz investor Katie Haun says she's not disappointed by raising $1.5 billion

Katie Haun, who left Andreessen Horowitz a year ago, raised two cryptocurrency funds worth $1.5 billion. At TechCrunch Disrupt, she looked back at what happened over the past few years and confirmed that she's still very optimistic about the future of crypto.

While Katie Haun was a general partner at a16z, bitcoin was trading at $65,000 and Sam Bankman-Fried was still at the helm of FTX. He argues that those things set the space back considerably. It's not a bad time to be a crypto investor, he said.

In addition to the larger funds, Haun Ventures recently closed two deals without announcing them in two 'iconic brands' in crypto that are growing rapidly. Haun didn't name those companies, but said they were not available for comment.

In a statement, Haun said, her firm has not deployed half of the larger funds. ''S considerably less than that,'' she said.

She is not disappointed by raising $1.5 billion in two of her private placements. She thinks it's the right size and she thinks Haun Ventures will remain committed to this sort of fund size in the long term.

I sit here publicly stating this on the record in a stage setting, even if the market is in a massive crypto bull run, we don't intend to increase our size. We think we've pick our size and our strategy for a reason, he said.

SEC may need to return to Earth to make sure it's safe to live there.

Katie Haun said that the SEC and current regulatory concerns about cryptocurrencies had a strong opinion about some of the decisions made by the agency.

Several independent agencies have not decided on whether he will be re-elected or abolished. The agency says something doesn't really make it the law. And so we've seen agencies, certain branches of government - by the way, across different administrations too - get very, very involved, he said.

She also criticized the current administration's leadership. It's not just crypto, it's on AI, it's on climate, Haun said.

As it is not how our system is set up, s a bit concerning. And I think that's why you've started to see some federal judges saying that's why you have heard so much about the Supreme Court decision.

But she said she was talking about governance and there were some awkward moments where he was saying, oh, I was not registering.