Coinbase Adds Marc Andreessen as Board Observer, Replacing Chris Dixon

The high-profile additions come as Coinbase reportedly eyes a public offering.

Aug 31, 2020 at 2:25 p.m. UTC

Updated Sep 14, 2021 at 9:50 a.m. UTC

Coinbase CEO Brian Armstrong

Coinbase has added legendary investor Marc Andreessen of venture capital firm Andreessen Horowitz and Gokul Rajaram, a DoorDash executive, to its board of directors.

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.

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