Insiders: a16z has closed its Miami office in May
ChainCatcher news, according to Bloomberg, informed sources revealed that venture capital giant Andreessen Horowitz (a16z) has closed its Miami office as of May 2024. The company had established a branch in Miami Beach in 2022, aiming to promote the city as a tech hub in the tropical region.
a16z's move highlights the cooling of the Miami tech boom. Since the collapse of FTX in 2022, the local cryptocurrency industry has been severely impacted. a16z representatives confirmed that the company no longer has an office in Miami but declined to comment further. Informed sources indicated that the reason for the closure was insufficient usage by employees.
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