Kathryn Haun, a former federal prosecutor who has transitioned into a technology investor, declared via a tweet that she is stepping down from her position on the board of directors at Coinbase.
Throughout her tenure of seven years on Coinbase’s board of directors, she played a pivotal part in making astute judgments that resulted in exponential growth, establishing it as one of the most prosperous publicly traded firms in the United States.
Although Haun is hopeful about Coinbase’s future possibilities, she acknowledges the need to shift part of her focus from the company to her own venture capital firm, Haun Ventures.
The leadership at Coinbase was delighted with Haun’s decision to join the company. Haun, a partner at the esteemed investment firm Andreessen Horowitz, made the move. Brian Armstrong, the CEO, characterized Haun as a formidable and daring individual who made an early investment in Coinbase. Paul Grewal, the Chief Legal Officer, praised Haun as an exceptional asset when it comes to being on board.
Based on her comments, she believes that HaunVentures is also growing, and she sees this as an opportune moment to increase her commitment to helping the expanding group of founders in their portfolio and establishing a long-lasting venture franchise.
Haun’s resignation will be officially announced at Coinbase’s yearly shareholder meeting, resulting in a reduction of the board’s size to seven members. This change highlights the ongoing necessity for increased diversity, as there will only be one female director remaining.
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