Former Prosecutor Tasked With Taking Down Bitcoin, Is Now Co-Head Of $350M Crypto Fund
The cryptocurrency industry is a fairly new sector and it is still growing. As with any new industry, companies in the cryptocurrency sector are keen on hiring individuals with the best capabilities and interest in the asset class. There are several people who have made the cross over from traditional financial companies and have joined firms that deal with digital assets. While this might be explained by the fact that financial systems function more or less the same, there are some industry crossovers that boggle the mind.
From Prosecutor to Crypto Leader
Former federal prosecutor, Katie Haun, has become one of the latest prominent individuals to move from their line of work into the crypto industry. Haun was an employee of the US Attorney General’s office, and her department prosecuted several cases that involved Bitcoin and other crypto assets. The cases she worked on involved white collar crimes that were done using the asset class. In some of the cases, Haun and her co-workers had to rely on blockchain technology to find the required evidence, and it is during her interactions with the technology that her interest was borne.
Haun went from being the prosecutor against cryptocurrencies to being one of the faces associated with the digital assets. After she left the Attorney General’s office, Haun joined the board of Coinbase, although for her, this was a stop on her way to getting into the political sphere. While she was serving on this board, she met Chris Dixon, a partner at Andreessen Horowitz. Dixon convinced her to speak to the founder of the firm, Ben Horowitz, and Haun now runs the fund with Dixon.
Horowitz said that despite Haun’s lack of investment skills, she possesses several other skills and qualities that are important for a firm such as his. Some of the skills she obtained as a federal prosecutor would help her become successful in her new role and Horowitz recognized this. The venture capitalist says that the mistake that most people make is that they hire a resume instead of a skill set, and this does not benefit their firms in any way.
He alluded to the fact that if a firm such as his was looking for someone to fill a role, they would look at employees at other firms in Silicon Valley. By fishing in the same pond, you do not get a recruiting advantage added Horowitz. His firm wanted someone who would become a credible face of cryptocurrency, and Haun fits the bill.
The Push for the US to become a World Leader in Cryptocurrency
Haun emphasized that there is a need for the American crypto sector to be developed so that it can compete with the industries in other countries. She said that there are national security implications that come with the US falling behind in this industry, and hence, there is a need for crypto related companies to step up to the challenge.
She added that there are a lot of misconceptions about the crypto industry because players in it would readily accept regulations. The uncertainty surrounding the positions of regulators towards crypto assets affects the industry, and these bodies need to develop a framework that will help the adoption of cryptocurrencies.