Andreessen Horowitz joins Coinbase in the board of directors of the company in their renewal phase as we are reading further in the Coinbase latest news.
The leading American exchange Coinbase announced the renewal as Andreessen Horowitz joins the team, as per the official announcement posted on the Coinbase blog. Brian Armstrong, the company’s CEO explained that they have made two major replacements. Marc Andreessen is the co-founder of the venture capitalist firm Andreessen Horowitz which is among the most important players in the crypto space with major projects such as Libra, Dfinity, Maker, and Crypto Kitties as a part of their portfolio.
Before entering the crypto space, Andreessen was a technology visionary as he is the man behind Netscape. He also revolutionized the way we use the Internet by being one of the browsers with a graphical interface in the history of the internet but later dominated the world as the most popular commercial browser at the time. The second name on the list is Gokul Rajaram which comes from being a member of the DoorDash executive team which is a delivery service valued at about one billion dollars. Before joining DoorDash, he worked as Facebook, Google AdSense, and Square, making strategic changes that are still changing the advertising industry.
Coinbase noted that Gokul helped Facebook move its advertising business to become “mobile-first.” Rajam took over as a Board director. Coinbase also announced the departure of two major members of its executive team. Chris Dixon, the general partner at Andreessen Horowitz leaves the Coinbase team in order to focus on responsibilities within the company. Barry Schuler left his position as Series C Director and joined as Board Observer by taking down responsibilities but not leaving the team entirely.
Armstrong thanked Chris and Barry for the collaboration, pointing out their expertise and saying it was crucial for the company’s success on the market:
“The company sincerely thanks both Chris and Barry for their past and continuing contributions to Coinbase and wishes them well as they share their knowledge and insight with the next generation of innovators, builders, and technology pioneers. Both of them have been a major contributor to Coinbase’s success.”
With the impressive resumes of the new members, Coinbase hopes to continue its success story.
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