Founding partner
“Our headquarters will be in the cloud and we will continue to create physical offices as needed to support our teams and partners,” he announced late Thursday.
In the company’s new business model, it will operate primarily virtually, but will use its physical presence to develop its culture, help entrepreneurs and build relationships.
“Concretely, the company is now virtual, but can be realized physically on command,” Horowitz says.
In 2020, Covid-19 hit and tech companies had to figure out how to work remotely.
“It turns out that running a remote technology company works pretty well. It’s not perfect, but reducing the cultural issues associated with remote working turns out to be easier than reducing the employee satisfaction issues that come with it.” involve forcing everyone into the office 5 days a week,” Horowitz said.
Working remotely opens up many new locations for entrepreneurs and technology workers.
“We are embracing that by changing our own business model,” says the founder of A16Z.
A16Z announced a new $4.5 billion fund in May for
It marks Andreessen’s fourth fund for the asset class, bringing the total raised for crypto and Blockchain investments to $7.6 billion.
A16Z recently announced the creation of a16z crypto research, a new kind of multidisciplinary laboratory that will work closely with its portfolio and others to solve the important problems in space and advance the science and technology of the next generation of the Internet.
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