Former North Carolina congressman Patrick McHenry announced Wednesday that he landed a job with VC agency Andreessen Horowitz. He might be a senior advisor.
His publish on X stated little about what the job entails, besides to be advocating for startups (which a16z likes to name “little tech”) with policymakers. Andreessen Horowitz didn’t instantly reply to a request for remark.
McHenry spent 20 years in Congress earlier than retiring in January. As chairman of the Home Monetary Providers Committee, he was maybe greatest identified for dressing down then SEC chair Gary Gensler.
Gensler had notably develop into a boogeyman within the crypto world, submitting lawsuits in opposition to crypto exchanges like Coinbase and threatening to sue others like Robinhood. The current SEC is busy dropping those suits and investigations.
“Beneath Chair Gensler, the SEC has develop into a rogue company,” stated McHenry during a hearing in September, accusing the SEC chair of “regulation by enforcement.”
In the meantime, a16z, which has raised $7.6 billion in funds devoted to crypto/web3 tech as of 2022, has been embedding itself into all issues coverage and authorities recently. Earlier this month, Brian Quintenz, who leads coverage for a16z’s crypto workforce, said he’s being appointed to head the Commodity Futures Buying and selling Fee (CFTC).
Plus, Sriram Krishnan, a former normal associate at a16z, can also be now a White Home senior coverage advisor; Scott Kupor, one of many agency’s managing companions, was tapped to lead the Workplace of Personnel Administration; and Jamie Sullivan, one other investor on the agency, is said to be advising DOGE.
Andreessen Horowitz’s burgeoning American Dynamism observe, which backs startups in protection and authorities tech, can also be doing numerous hiring, most just lately including former Marine Daniel Penny as an investor.
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