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Coinbase Adds Marc Andreessen as Board Observer, Replacing Chris Dixon
The high-profile additions come as Coinbase reportedly eyes a public offering.
By Danny Nelson
Updated Sep 14, 2021, 9:50 a.m. Published Aug 31, 2020, 2:25 p.m.
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Coinbase has added legendary investor Marc Andreessen of venture capital firm Andreessen Horowitz and Gokul Rajaram, a DoorDash executive, to its board of directors.
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- 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.
Read more: Coinbase Plans First-Ever Investor Day Amid Talk It May Go Public
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