Former a16z partner Kathryn Haun to retire from Coinbase board, focus on venture portfolio

Companies • April 20, 2024, 4:09PM EDT

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Quick Take

Coinbase’s board is expected to shrink from eight to seven members as Kathryn Haun retires after seven years in order to focus on her crypto venture investment portfolio, Haun Ventures.

Former Assistant U.S. Attorney and Andreesen-Horowitz partner Kathryn Haun has announced her upcoming resignation from Coinbase's board following seven years of service.

In a post on X announcing her decision, Haun said Coinbase is "well-positioned to thrive" but given the "remarkable expansion state" of crypto, she was looking to double down on venture investing through her company Haun Ventures.

Haun's praise towards Coinbase was returned by many notable crypto community members and Coinbase staff, including CEO Brian Armstrong, who called her a "force of nature" who took a chance on Coinbase and helped them to go public.

The resignation will take effect at Coinbase's Annual Meeting of Shareholders expected later this summer. In a filing, the board said it expected to shrink its overall size to seven after losing Haun, one of two women currently serving as board director.

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About Author

Zack Abrams is a writer and editor based in Brooklyn, New York. Before coming to The Block, he was the Head Writer at Coinage, a Web3 media outlet covering the biggest stories in Web3. The story he co-reported on Do Kwon won a 2022 Best in Business Journalism award from SABEW. Other projects included a deep dive into SBF's defense based on exclusive documents and unveiling the identity of the hacker behind one of 2023's biggest crypto hacks — so far. He can be reached via X @zackdabrams or email, [email protected].