After extensive efforts by the UK's Department of Business and Trade, Andreessen Horowitz launched a crypto office in London in 2023, attracted by a more favorable environment than in the U.S. However, the progress in the crypto sector stalled, and with the new Labour government appearing less focused on cryptocurrency, a16z's motivation to maintain its London office diminished, ultimately leading to its decision to leave just 18 months post-launch.
The UK’s Department of Business and Trade spent five years convincing Andreessen Horowitz to establish a London office, only for the firm to leave after 18 months.
In 2023, a16z launched a crypto office in London, attracted by the U.K.'s more flexible environment compared to the U.S. under Biden.
Collection
[
|
...
]