Andreessen Horowitz creates ‘Perennial’ evergreen fund amid market slowdown
https://techcrunch.com/2023/06/22/andreessen-horowitz-a16z-perennial-evergreen-fund/
Andreessen Horowitz, the storied venture firm known for being an early investor in some of the biggest tech companies including Airbnb, Coinbase and GitHub, has created a new fund to continue growing its business despite the slowdown in traditional VC funding.
The evergreen fund is titled a16z Perennial Venture Capital Fund, according to a filing made with the Securities and Exchange Commission last week. The filing shows that the fund will operate from Andreessen Horowitz’s Menlo Park office.