Coinbase Welcomes Andreessen Horowitz Co-Founder to Board of Directors

The leading American exchange Coinbase announced today a renewal of its board of directors, incorporating two prominent experts from the technology industry.

In an official announcement posted on Coinbase’s blog, Brian Armstrong, the company’s CEO and co-founder explained that they had made two significant replacements to their board of directors.

The Hello’s

First on the list is Marc Andreessen, co-founder of the venture capitalist firm Andreessen Horowitz, one of the most importnat players in the crypto space, with projects such as Dfinity, dYdX, Libra, Maker, Polychain, and Crypto Kitties as part of its investment portfolio.

Before entering the crypto space, Andreessen was already a technology visionary. He is the man behind no less than Mosaic and Netscape. The former revolutionized the way we navigate the Internet by being one of the first browsers with a graphical interface in the history of the Internet, and the latter dominated the world as the most popular commercial web browser at the time — we are talking about the 90s when Chrome and Firefox were still a dream.

Andreessen joins the team as a Board Observer.

The second name on the list is just as meritorious: Gokul Rajaram comes from being a member of the executive team of DoorDash, a delivery service valued at close to one billion dollars.

Before joining DoorDash, he worked at Square, Facebook, and Google AdSense, leading significant strategic changes that changed the advertising industry. As an example, Coinbase notes that Gokul “helped Facebook transition its advertising business to become mobile-first.”

Rajaram took over as Board Director.

The Good Bye’s

For its part, Coinbase announced the departure of two important members of its executive team:

First, Chris Dixon, a general partner at Andreessen Horowitz and a significant figure in its crypto fund, leaves the Coinbase team to focus on other responsibilities within the firm. Also, Barry Schuler leaves his position as Series C Director and joins as Board Observer, taking down his responsibilities but not completely leaving the team.

Armstrong thanked Chris and Barry for their collaboration, pointing out that their expertise was crucial for the company’s success in the complicated North American market.

“The company sincerely thanks both Chris and Barry for their past and continuing contributions to Coinbase and wishes them well as they share their knowledge and insight with the next generation of innovators, builders, and technology pioneers. Both of them have been a major contributor to Coinbase’s success.”

And with the impressive resumes of the substitutes, Coinbase certainly hopes to continue the success story.