One of Silicon Valley's most famous venture capital firms says it will no longer be a venture capital firm
https://www.cnbc.com/2019/04/02/andreessen-horowitz-says-it-will-no-longer-be-a-venture-capital-firm.html
Andreessen Horowitz will soon cease to be a venture capital firm, veering away from the majority of its Sand Hill Road neighbors in Silicon Valley to instead become a registered investment advisor, or RIA.
The 10-year-old firm, founded by Marc Andreessen and Ben Horowitz, filed in March to become an RIA, as it seeks greater flexibility in its investments, particularly when it comes to cryptocurrencies, said Margit Wennmachers, an operating partner at the firm. Forbes first reported on the change.
One of Silicon Valley's most famous venture capital firms says it will no longer be a venture capital firm
Apr 2, 2019, 7:38pm UTC
https://www.cnbc.com/2019/04/02/andreessen-horowitz-says-it-will-no-longer-be-a-venture-capital-firm.html
> Andreessen Horowitz will soon cease to be a venture capital firm, veering away from the majority of its Sand Hill Road neighbors in Silicon Valley to instead become a registered investment advisor, or RIA.
> The 10-year-old firm, founded by Marc Andreessen and Ben Horowitz, filed in March to become an RIA, as it seeks greater flexibility in its investments, particularly when it comes to cryptocurrencies, said Margit Wennmachers, an operating partner at the firm. Forbes first reported on the change.