Source: TechCrunch
Summary
Andreessen Horowitz’s (a16z) crypto arm has announced a new fund, reportedly staying focused on cryptocurrency investments despite other prominent venture capitalists (VCs) exploring artificial intelligence (AI) startups. The move indicates a16z’s continued commitment to the crypto space. According to reports, some of the biggest VCs in crypto are considering funding AI startups.
Our Reading
The launch follows a familiar script.
a16z crypto’s new fund is business as usual, while other VCs are flirting with AI. The crypto space remains a priority for a16z, as they choose to stay the course. This move is not surprising, given the firm’s established presence in the market. The real question is, what’s new about this fund? The answer is, not much. Just another fund, same crypto focus.
Author: Evan Null
