Key Points:A16z announced that Surojit Chatterjee has joined the company as executive in residence for its cryptocurrency unit. He was previously the chief product officer at cryptocurrency exchange Coinbase (COIN).
The first era, roughly 1990-2005, of the modern internet was all about open protocols that were decentralized but community-governed.
Coinbase stated earlier this year that it would reduce its workforce by approximately 20% due to the effects of the crypto-winter.
Venture capital firm Andreessen Horowitz (a16z), announced that Surojit Chatterjee has joined the company as an executive-in-residence for its crypto unit. Surojit was previously the chief product officer at cryptocurrency exchange Coinbase. (COIN). A16z announced a $4.5B fourth fund. This brings our total funds raised to over $7.6B. The majority of the value of the internet was derived from the edges: users and builders. The second era (roughly 2005 to 2020) favored siloed and centralized services. The majority of the value was derived from a few large tech companies. The third era of internet, which many call web3, combines the community-governed, decentralized ethos of the first with the modern, advanced functionality of the second. This will unleash a new wave in creativity and entrepreneurship.
“Excited to join @a16zcrypto Executive in Residence (EIR), and learn from the best minds in the business. I look forward to helping founders and builders scale up their businesses. Let’s build …,” Chatterjee tweeted.
According to Chatterjee’s LinkedIn profile, he started working at Coinbase in 2020. He did not give any explanation for his departure. According to his LinkedIn profile, Chatterjee started working at Coinbase in early 2020. He did not give any explanation for why he left. We encourage you to do your research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comAnnieCoincu NewsTags: A16za16z CryptoAndreessen HorowitzCoinbaseSurojit Chatterjee