Kathryn Haun, a former federal prosecutor turned tech investor, announced in a tweet that she was resigning from the Coinbase board of directors.
During her seven years on Coinbase’s board of directors, she played an important role in making well-informed decisions that led to rapid growth and made it one of the most successful publicly traded companies in America.
While optimistic about Coinbase’s future prospects, Haun has also admitted that she must now redirect some of her energy away from the company and onto her own venture capital firm – Haun Ventures.
According to her statement, “HaunVentures is similarly expanding, and this feels like the right time for me to double-down on supporting our growing portfolio of founders and building a lasting venture franchise”
Coinbase leadership was thrilled with the move by Haun who is a partner at prestigious investment firm Andreessen Horowitz. Brian Armstrong, CEO described Haun as a “force of nature” who took an early risk with Coinbase. Paul Grewal the Chief Legal Officer hailed Haun as “the ultimate weapon” when it comes to being on board.
Haun’s departure will be confirmed at Coinbase’s annual shareholder meeting and this will reduce the number of members on its board to seven leaving only one female director underscoring the continuing need for greater diversity