David Rosenthal: belief

Transcript context

…Whoa, awesome. Then after that, Coinbase recruited her to join the board of Coinbase after the Mt. Gox debacle. They were like, look, we're Coinbase, were doing this aboveboard, we're the right way to do this. That's how Chris met Katie and then she came into Andreessen. Super in demand. Crypto is so different from the rest of the startup ecosystem. Also in 2018, they launched the Cultural Leadership Fund, which got a lot of blowback at the time and I think was pretty misunderstood. I think it's actually a pretty good idea. 2019 they split the main fund, finally, into separate funds for early and growth. $750 million for early, $2 billion for growth. Then 2020, just one year later, they're back in the game with $1.3 billion main early fund 7, $3.2 billion growth fund 2, $750 million bio fund 3, $515 million crypto fund 2. That's $6 billion in total across a suite of funds raised in 2020. Strength follows strength.…

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