Katie Haun, former executive at Andreessen Horowitz believes now is the opportune time to invest in crypto markets. Haun was speaking at this year’s TechCrunch Disrupt. Two years ago she left Andreessen Horowitz to start Haun Ventures and raised two crypto funds totalling $1.5 billion before the crypto market collapse.
“I think there’s a perception out there that crypto is crickets chirping. We find ourselves very busy, but one of the things we did do is we saw this market correction, and we very purposely waited to make some deployments,” Katie Haun said.
“So I know this is going to sound a little odd, but we feel actually it’s a really good time to be investing in space during this time.”
“I think another misperception is ‘Oh, wow, you raised it during a high market, great timing, peak.’ Actually, that was not the case,” Haun said. “It was not a walk in the park. Number one, crypto market cap had dropped 40% from its peak.”
“The other thing is perception of our fund is we’re one huge, enormous $1.5 billion fund, and we’re not. We have two funds. We have an early stage fund, $500 million. We do A, B and C. And then we have an acceleration fund, which backs all kinds of later stage projects in crypto.”
“And by the way, I’m sitting 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 picked our size and our strategy for a reason,” concludes Haun Ventures founder.
The jury is still out on whether now is the right time to invest in the crypto market as most investors are reluctant to jump given what happened in the past with the crypto market crash.