One of our firm’s cultural values is that we take a long-term view of relationships. That’s why we are able to announce our newest operating partner on the crypto team, Anthony Albanese, who will be joining us from the New York Stock Exchange, where he is the chief regulatory officer.
I first met Anthony years ago in passing when he was at the New York State Department of Financial Services, which he later ran. Our paths crossed again some time later when he was considering joining our portfolio company, Coinbase. Coinbase loved Anthony, Anthony loved Coinbase, but as often happens in executive hires, the timing just wasn’t right. He had such great experience and, taking a long-term view of relationships, we stayed in touch.
We’re glad we did. We continued talking to Anthony about why we think crypto is not only the future of finance but also poised to transform many aspects of our lives. Like us, he became excited at the idea of working with multiple different crypto portfolio companies, focusing on areas as diverse as gaming, digital storage, payment systems, social media, creative marketplaces, and more. And what better place to do that than at the a16z crypto funds, where we’ve been fortunate to invest in what we believe are the very best crypto entrepreneurs.
Crypto is at a fascinating point in its development. Sensible regulation of this emerging field will be a major factor in its success. We believe innovation and regulation can coexist, just as they did with the development of the Internet, but to do so both sides must fully understand each other’s points of view. That’s where Anthony, like he did with us, will bring a long-term approach to his relationships with both regulators and entrepreneurs. There’s an immense need for highly skilled and experienced lawyers who are passionate about crypto and want to see regulation applied in a modern way that lets innovation flourish.
We couldn’t imagine a better person to help this effort than Anthony. At NYSE, Anthony oversaw regulation, including working with regulators at the state, federal, and international levels. Before that, he ran the New York DFS, an agency of 1,400 employees, regulating more than 3,800 financial services entities with assets exceeding $7 trillion. He also spent more than a decade as a partner at a major law firm, specializing in securities litigation.
Aside from his considerable qualifications, Anthony stood out to us thanks to the strong endorsements of those who have worked with him previously. He’s widely regarded as an excellent manager, a strong leader, a thoughtful partner, and a great person. Very few people can successfully transition from the government to an institution like the NYSE to the crypto sector. You need someone with the gravitas to engage with regulators around the world but who can hang with crypto natives and dev teams developing the world’s next great technology — it’s a personality type, it’s an experience set, but frankly it’s also a life outlook. So Anthony’s a bit of a unicorn and we’re in the unicorn business.
Anthony will be steering our network operations efforts, regulatory outreach, and, of course, working directly with our portfolio projects to help them think through strategy, hires, and much more. He’ll work alongside our fantastic crypto policy counsel, Jeff Amico, who recently joined us from Cravath Swaine & Moore and served as general counsel at Airswap.
The views expressed here are those of the individual AH Capital Management, L.L.C. (“a16z”) personnel quoted and are not the views of a16z or its affiliates. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by a16z. While taken from sources believed to be reliable, a16z has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. In addition, this content may include third-party advertisements; a16z has not reviewed such advertisements and does not endorse any advertising content contained therein.
This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by a16z. (An offering to invest in an a16z fund will be made only by the private placement memorandum, subscription agreement, and other relevant documentation of any such fund and should be read in their entirety.) Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by a16z, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. A list of investments made by funds managed by Andreessen Horowitz (excluding investments for which the issuer has not provided permission for a16z to disclose publicly as well as unannounced investments in publicly traded digital assets) is available at https://a16z.com/investments/.
Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see https://a16z.com/disclosures for additional important information.