His piece aged well, to say the least.
Yet another crypto-boom era has dawned in the venture world, with endless headlines boasting one wild fundraise after the other. Cryptocurrency exchange Coinbase had a monstrous IPO, non-fungible token startup Dapper Labs recently raised at a $7.5 billion valuation, and Andreessen's own storied firm, Andreessen Horowitz, is raising a crypto-focused $1 billion fund, the Financial Times reported.
For Andreessen Horowitz, which got into crypto early by investing in Coinbase and Ripple and other crypto-centric VCs, this latest frenzy is both long expected and much celebrated. But others aren't quite as lucky. With cryptocurrency prices skyrocketing (bitcoin was valued at around $55,300 on Wednesday), several VCs told Insider that firms that haven't historically invested in crypto are scrambling to catch up, get into deals and make big investments.