Why Andreessen Horowitz is betting big on crypto in Europe with Sriram Krishnan

Startup Europe — The Sifted Podcast

Andreessen Horowitz is one of the world’s best known — and biggest — VC firms, with over $35bn in assets under management, over 500 employees and a portfolio including Airbnb, GitHub, Instacart, Instagram, Lyft, Slack and Wise.
But for a long time it merely dabbled in investing in Europe.So it was big news last year when the firm announced it was opening a London office — its first non-US office — and that general partner Sriram Krishnan was moving to the UK to run it. His first job in tech was at Microsoft — and he’s since led product teams at Twitter, Snap and Facebook.
Andreesen’s new London team plans to invest primarily in crypto and Web3 — and has already done a handful of investments in Europe. Sriram joins us on the podcast to talk about Europe’s crypto prospects, what he’s learning about the continent since his move over from Silicon Valley, the attributes of great CEOs, and why he remains optimistic about tech despite wider market doom and gloom.