Former congressman Patressman Patrick Mchenry in North Carolina announced Wednesday that he got a job at VC company Andreessen Horowitz. He will be a senior adviser.
His post on X said little about what the job entails, except to argue for startups (which A16Z likes to call “small technology”) with policy makers. A16Z did not immediately respond to a request for comment.
Mchenry spent 20 years in the congress before he retired in January. As chairman of the House Financial Services Committee, he was perhaps best known for dressing SEC chairman Gary Gensler.
Genler had mainly become a Boogeyman in the crypto world, submitting lawsuits against Crypto exchanges such as Coinbase and threatening to sue others as a robinhood. The current SEC is busy dropping those suits and investigations.
“Under chairman Gensler, the SEC has become a rogue agency,” said Mchenry During a hearing in SeptemberThe SEC chairman accusing “Regulation by enforcement.”
In the meantime, A16Z, which has collected $ 7.6 billion to funds dedicated to Crypto/Web3 Tech from 2022, recently embedded in the policy and the government. Earlier this month, Brian Qutenz, who leads the policy for the Crypto team of A16Z, said he is appointed to lead the Commodity Futures Trading Commission (CFTC).
Plus Sriram Krishnan, a former general partner at A16Z, is now also a senior policy advisor of the White House; Scott Kupor, one of the company’s managing partners, was tapped to lead the personnel management office; And Jamie Sullivan, another investor at the company, is said to advise Doo.
A16Zs growing American Dynamism Practice, who supports startups in Defense and Government Technology, also hires a lot and recently added former Navy Daniel Penny as an investor.
