a16z's Chris Dixon tops ‘Midas List’ by turning $350M into $6B in 2021

Crypto task superior firms person been investing astatine unprecedented rates precocious and Andreessen Horowitz is 1 of the industry’s leaders making immense returns connected their investments.

Andreessen Horowitz (a16z) wide spouse Chris Dixon has topped the Forbes “Midas List” of the world’s champion task superior investors successful 2022.

Seldom does a crypto oregon Web3 backing circular finalize without a16z being progressive somehow. According to an April 12 report by the publication, Dixon turned the $350 cardinal Crypto Fund I into realized and unrealized gains of $6 cardinal successful 2021. That equates to an eye-watering 17.7x summation according to “sources with cognition of the fund’s financials.”

Jack Dorsey whitethorn not privation to springiness him props. But @cdixon and a16z's $350M archetypal crypto money closed 2021 up 17.7x, a root tells @Forbes. @bhorowitz predicts successful 10 years, he'll beryllium considered "the champion capitalist of his generation." pic.twitter.com/XdqwDWEcZ2

— Alex Konrad (@alexrkonrad) April 12, 2022

By comparison, the wide cryptocurrency marketplace itself lone managed a 200% summation from $780 cardinal connected January 1, 2021, to $2.3 trillion by the extremity of December of the aforesaid year.

a16z got into crypto early, starring a $25 cardinal backing circular into Coinbase successful 2013. By the clip Coinbase went nationalist successful April 2021, the steadfast held a 15% involvement pursuing 14 much backing rounds. The shares were worthy $10 cardinal connected the archetypal time of trading resulting successful a 60x instrumentality for the company. However, this was respective years earlier Dixon’s crypto money was launched successful June 2018 with $300 cardinal raised successful full astatine the clip according to Crunchbase.

There person been different notable investments by a16z including decentralized speech Uniswap, the Avalanche blockchain, NFT creator Dapper Labs, and Ethereum staking level Lido, each of which person surged successful valuation oregon collateral since.

Dixon, who seldom appears for interviews, told Forbes:

“My occupation is not to foretell the future. My occupation is to beryllium astute capable to cognize who the astute radical are who will.”

The institution is presently raising funds for the world’s largest crypto fund worthy a whopping $4.5 billion. In January, the steadfast said it planned to rise $3.5 cardinal for the fund, successful summation to different $1 cardinal for Web3 effect investments.

Journalist Alex Konrad said that a16z “plans to rotation backmost its crypto money into the steadfast — making crypto halfway to its main funds, akin to unreality oregon the internet.”

Related: Venture superior twelvemonth successful reappraisal 2021: Cointelegraph Research Terminal

Concerns person been raised by immoderate crypto manufacture observers that excessively overmuch task superior engagement and concern successful a task whitethorn erode its decentralization. a16z's holdings of the UNI tokens and sway successful governance votes for  has been a peculiar issue. But either way, the crypto industry’s astir salient VC steadfast is inactive hunting for caller concern opportunities successful the sector.