Netscape Founder Launches $1 Billion Crypto Venture Capital Fund

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Last Updated on 7 May 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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One of the legendary stories of the early days of Silicon Valley was that of Netscape, one of the casualties of the so-called browser wars. No, not the Game of Thrones kind of wars, but battles between browsers as to who controlled power over the internet. Back in the 1990s, there was no Google Chrome, Brave Browser, Safari or any kind of Firefox. There were two who carved up the internet between them: Microsoft Explorer and Netscape.

Until Netscape got sold to AOL (America Online) in a bidding war which marked the start of the DotCom boom.

Early Netscape founder Marc Andreesen lost his company in the sale (his programmers were all fired by AOL in a 2003 cleanup), but he remained a very wealthy man with a keen eye on who would be the new unicorn company. Ever since then, he founded a venture capital firm together with his former business partner Ben Horowitz.

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Coinbase investment

Fast forward to 2021 and Silicon Valley venture capital firm Andreessen Horowitz, is one of the most-respected names when it comes to tech investing.

Their latest project sounds like music to our ears as Marc Andreessen announced they are looking to launch a venture fund for cryptocurrency projects with an investment pool of up to $1 billion.

Andreesen invested early on in Coinbase and sold their initial stake for almost $450 million when Brian Armstrong’s company went public last month.

In the past, they’ve made successful investment in crypto companies like Ripple and Filecoin. It remains to be seen where the future money will go but it is clear that institutional investment from Silicon Valley has now arrived.