thecoinrepublic.com
Intro: Arianna Simpson has been promoted to the general partner category in Andreessen Horowitz company. She had joined Horowitz as a deal partner with the company a year ago.
Arianna Simpson, a thirty-year-old entrepreneur entered the world of cryptocurrencies in her 20s. She was an amateur when she joined the crypto world. But with extensive experience in the industry, she has become a celebrity in the cryptocurrency world after launching her first Venture Capital firm at age of 24.
Simpson had joined as a deal partner with Andreessen Horowitz a year ago and now with the success rate moving high, Simpson has been promoted to the general partner. The high-profile partner will help to deploy Horowitz’s $2.2billion cryptocurrency fund.
The bold move
Simpson left her global marketing job at Facebook to join BitGo in her early 20s. Later she launched her venture capital firm at age 24 to invest in blockchain and crypto companies. Friends and mentors advised her not to but nothing could deter her decisions.
While talking to the media house, she informed that it was a very unpopular decision taken by her. But the opportunity cost for not going into this industry was just too high.
Simpson saw a bright future in bitcoin and after reading the white paper she thought bitcoin was the most important innovation of her lifetime. She continued her research on cryptocurrency. She convinced Facebook also to launch a crypto project before its foray into the Libra space. Libra is now called Diem.
Investment during bear market
Simpson believes that investing in a bear market is the right approach. In 2018, the value of Bitcoin dropped to as much as 80% and other smaller cryptocurrencies followed suit.
She opened up her second company, Autonomous Partners, backed by companies like Celo, overlapping with some of Andreessen’s early crypto plays.
Looking around the crypto market
Horowitz invested in Coinbase in 2013 which had marked its entry into the cryptocurrency industry. It started raising crypto dedicated funds for crypto three years ago, during the bear market. This is popularly known as the crypto winter now.
The firm was formed by Marc Andreessen and Ben Horowitz. They announced the third such fund in June. The latest $2.2 billion funds are more than seven times larger than the first.