Kathryn Haun, a former federal prosecutor now investing in tech, shared on Twitter her decision to step down from Coinbase’s board of directors.
Later in the year, I will be concluding my third term on the Coinbase board, having served for over seven years. The crypto industry is experiencing remarkable growth, and Coinbase is primed to succeed. Haun Ventures is also expanding, making now an opportune moment for me to… transition out of my role at Coinbase.
— Kathryn Haun (@katie_haun) April 20, 2024
For seven years, she was a valuable member of Coinbase’s board, contributing significantly to informed decision-making that fueled the company’s impressive growth and solidified its position as a top performer among publicly traded American businesses.
Although confident about Coinbase’s potential, Haun acknowledged the need to divert some attention from the company towards building her own venture capital firm, Haun Ventures.
Based on what she said, it appears that HaunVentures is also expanding, making this an opportune moment for her to invest more resources into our thriving community of founders and establish a strong and enduring venture firm.
The leadership team at Coinbase was elated by the decision of Haun, a partner at renowned investment firm Andreessen Horowitz, to join their company. Brian Armstrong, the CEO, referred to Haun as a “dynamic force” who made a bold early investment in Coinbase. Paul Grewal, the Chief Legal Officer, expressed excitement, calling Haun an “indispensable asset” for being part of the team.
Katie trusted in us when we were a small, obscure crypto exchange, a time when most people doubted the value of the technology. I’ll forever be thankful for her faith in us. She has been an integral part of our team since then, serving as our initial audit and risk chair, a member of our compensation committee, and more.
— Brian Armstrong (@brian_armstrong) April 20, 2024
At Coinbase’s yearly shareholders gathering, it will be officially announced that Haun is leaving the company. This departure will result in a decrease in the board’s membership to seven individuals, with just one female representative remaining. This underlines the importance of increasing gender diversity on the board.
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2024-04-22 00:04