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Andreessen Horowitz shutters its Miami office after two years

Andreessen Horowitz has closed its satellite office in Miami just two years after opening it, according to a report from Bloomberg.

Andreessen Horowitz (a16z) has closed a satellite office in Miami Beach just two years into a five-year lease it signed for an 8,300-square-foot space. The reason? Disuse, reports Bloomberg.

Miami — once a hotspot for crypto, an area of interest for a16z — has struggled to retain venture cash and entrepreneurial talent in recent years, Bloomberg notes, with venture investments dwindling to $400 million in Q2 2024 from $5.5 billion in all of 2022, per Pitchbook.

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