Back in early 2022, the crypto industry was at near-peak frenzy. And Katie Haun, the Department of Justice prosecutor-turned-venture capitalist, was riding high. Haun had just announced she was leaving Andreessen Horowitz to strike out on her own with a first-time crypto fund, which landed her a glossy Fortune magazine cover. By March, she had raised a whopping $1.5 billion across two funds to invest in crypto projects—the largest sum ever raised by a solo female VC. Then the industry blew up.
Since Haun’s funds launched, crypto has nosedived. Numerous projects including Terra and FTX imploded, sending the industry into a downward spiral; meanwhile the venture industry has gone through its own painful pullback amid rising interest rates and unrealistic valuations. And since late last year, Haun has largely avoided the media. This all had me and my colleague Leo Schwartz wondering: Whatever happened to Katie Haun and her $1.5 billion fund?
