a16z raises new $2B fund and says the firm's 150 employees are being registered as financial advisers, so they can go deeper on riskier bets, like buying crypto
and more company is coming Lauren Feiner / CNBC : One of Silicon Valley's most famous venture capital firms says it will no longer be a venture capital firm Nikhilesh De / CoinDesk : A16z Moves to Place Bigger Bets on High-Risk Assets - Including Crypto Teuta Franjkovic / Coinspeaker : Andreessen Horowitz May Soon Put $1 Billion into Crypto PYMNTS.com : Andreessen Horowitz Shifts Business Model From VC To RIA Pbokelly / Peter O'Kelly's Reality Check : Andreessen Horowitz Is Blowing Up The Venture Capital Model (Again) | Forbes Cromwell Schubarth / Silicon Valley Business Journal : Why Andreessen Horowitz doesn't want to be a venture firm anymore Ana Alexandre / Cointelegraph : Andreessen Horowitz Restructures, Registering Entire Staff as Financial Advisors Megan Hernbroth / Business Insider : Andreessen Horowitz, one of Silicon Valley's most prominent tech investors, is renouncing … Messari Crypto : A16z moves to place bigger bets on high-risk assets - including crypto Tweets: Mati Greenspan / @matigreenspan : All 150 employees will be registered as investment advisors. This will make them a lot more flexible to make investments into crypto and public markets. “it'll again make other firms feel like they have one hand tied behind their back.” -@pmarca http://www.forbes.com/... Ran NeuNer / @cryptomanran : This is way bigger than it seems. It is a clear indication that Andreessen is gearing up for a new type of economy and financial system. The world is changing...fast! http://www.forbes.com/... Downtown Josh Brown / @reformedbroker : What does this mean? Andreessen Horowitz is “renouncing its status” as a VC firm and registering all 150 employees as financial advisors....? @alexrkonrad http://www.forbes.com/... Meltem Demirors / @melt_dem : 1/ so, @a16z is finally becoming an investment bank and charging for services. most people who think VC is a lazy job, being an investor is actually a TON of work, and including: - helping companies raise capital - advising - negotiating transactions http://www.forbes.com/... Dawn Chmielewski / @dawnc331 : Great read from @alexrkonrad on Andreessen Horowitz which contains a juicy nugget about the one that got away (Uber) via @forbes http://www.forbes.com/... Ian Kar / @iankar_ : Holy shittt...this is fascinating. Kinda sorta turns them into an interesting VC/PE/hedge fund hybrid & implies that they realized its probably better off being overregulated and aggressive, than underregulated and get hit with SEC issues (which applies to fintech startups too) http://twitter.com/... Biz Carson / @bizcarson : Some great Uber and Lyft history in here: Andreessen Horowitz almost led Uber's Series B, but whiffed on it at the last moment. “They tried to surprise us,” Travis Kalanick wrote his investors. “So here we are. The next phase of Uber begins.” https://www.forbes.com/... Daniel Tunkelang / @dtunkelang : By becoming a non-VC financial advisory firm, @a16z will be prohibited from publicly bragging about its portfolio or fund performance. Hope the cryptokitties are worth it. http://www.forbes.com/... Zal Bilimoria / @zalzally : Love that @pmarca cited the HBO show “Succession” in this 10th anniversary piece on @a16z: “If you can't ride two elephants at the same time, what are you doing at the circus?” http://www.forbes.com/... Biz Carson / @bizcarson : Ben Horowitz somewhat regrets the firm's early stance of rebuilding the venture model and fixing a broken industry: “I kind of regret it, because I feel like I hurt people's feelings who were perfectly good businesses. I went too far.” https://www.forbes.com/... tip @Techmeme Biz Carson / @bizcarson : Andreessen Horowitz is blowing up the venture capital model again. This time, it's by re-registering its entire firm as financial advisors so it can take riskier bets — and renouncing its status as a venture capital firm entirely. http://www.forbes.com/... Alex Konrad / @alexrkonrad : .@Forbes takes you inside Andreesen Horowitz's financial returns that have LPs happy but have spurred doubts among peers. And we looked at @a16z's service model and its impact on VC — what's been copied, and what may not be working. http://www.forbes.com/... tip @Techmeme Alex Konrad / @alexrkonrad : Across 50 interviews with partners, founders, backers and ex-employees, @Forbes takes you inside Andreessen Horowitz as the VC firm plans for the next 10 years, from a new growth fund to a radical move to register all 150 employees as financial advisers. http://www.forbes.com/... Alex Konrad / @alexrkonrad : That move, which allows Andreessen Horowitz the flexibility to invest more in crypto, secondary shares and other risky bets, embodies @pmarca's words to me in his first sit-down interview in 2 years: “The 21st century is the century of disagreeableness.” http://www.forbes.com/... Thanks: @alexrkonrad