Coinbase Adds Marc Andreessen as Board Observer, Replacing Chris Dixon
Coinbase CEO Brian Armstrong (CoinDesk archives)
Coinbase has added legendary investor Marc Andreessen of venture capital firm Andreessen Horowitz and Gokul Rajaram, a DoorDash executive, to its board of directors.
- Andreessen, whose tech-focused venture firm manages $12 billion, will operate as a board observer and Rajaram, who oversees Caviar, will become a board director, according to a Monday blog post.
- The pair replace outgoing board members Chris Dixon and Barry Schuler. Dixon, a board observer, was an early investor in Coinbase, and Schuler, the Series C director, will now become an observer too.
- The high-profile board additions bring major boardroom clout to the one of the most popular cryptocurrency exchanges in the U.S. and comes as Coinbase is reportedly considering going public.
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