The Information: a16z's first Web3 fund has partially cashed in, yielding up to 300%

a16z, The first $300 million crypto fund launched in 2018, cashed in some of its gains during last year's crypto bull market, according to The Information. Three times the original size of the fund has been returned to LP. The rest of the fund remains unvested. But in theory, the fund could return as much as 10 times, according to people familiar with the matter (though that could shrink if the current crypto bear market continues to falter).