For the convenience of reading, let's first introduce Andreessen Horowitz, the top VC in the US Silicon Valley.
After the financial crisis broke out in 2009, Marc Andreessen and Ben Horowitz launched a campaign to capture Silicon Valley and co-founded Andreessen Horowitz (abbreviated as a16z).
This venture capital firm, located on Sand Hill Road in Monroe Park, California, known for its numerous venture capital firms, has been a Silicon Valley top venture capital firm in just three years. One, along with Accel, Benchmark, Greylock, Kleiner and Sequoia, and some even think that there is no "one." After three rounds of financing, the company manages up to $2.7 billion in funds and has them in several of the most eye-catching deals.
- Top conversation! Coinbase CEO's Fireside Talk with A16z Founder: Blockchain and the Internet Resemble Each Other
- Notes | About the scrutiny of the verifier 100% Slash, a16z talk about open source movement
- Institutional encryption hosting company Anchorage completed $4,000 B round of financing, led by Visa, Blockchain Capital and A16Z
- Libra's five board members were freshly released, and a16z said that its initial intentions have not changed.
A16Z's portfolio includes well-known names such as Skype, Facebook, Instagram, Twitter, Foursquare, Pinterest, Airbnb, Fab, Groupon and Zynga. Andreessen Horowitz's aggressive investment has pushed up the valuation of startups across the VC sector in Silicon Valley, overturning Silicon Valley VC in an envy and hate.
In recent years, with the rise of cryptocurrency and blockchain markets, A16Z has made continuous investment deployment. In April 2019, a16z suddenly announced that it would abandon its original VC model and transform itself into a Registered Investment Advisory Agency (RIA). Margit Wennmachers, the agency's operating partner, said at the time that they wanted to increase investment flexibility in this way, especially in the area of cryptocurrency.
Recently, Andreessen Horowitz (a16z) has once again expanded its participation in the field of cryptocurrency. The top Silicon Valley company is opening a free startup school for cryptocurrency and blockchain entrepreneurs.
Silicon Valley's top investment companies expand their reach in the field of encryption
The company announced the launch of the " a16z Crypto Startup School " by a statement posted on its website. According to the blog post, the program will be a seven-week course that will begin in February 2020.
The first edition of the course will be a series of free face-to-face lectures, to be held in Menlo Park, Calif., to cater to the needs of approximately 40 cryptocurrency and blockchain entrepreneurs. After that, the company plans to provide course materials to the Internet for free.
Chris Dixon, the general partner of the a16z cryptocurrency fund, said in an interview with CNBC that course participants do not need to give up any interest in their projects in order to participate in the program. According to Dixon:
Our general view is that if we build goodwill, people will want to work with us – this is the spirit. If they really want to set up a company, we hope that we will be their first call, but they will not be forced.
Andreessen Horowitz is one of the most well-known Silicon Valley venture capitalists in the field of cryptocurrency and blockchain. As early as 2018, the company launched a $300 million cryptocurrency fund to support start-ups in the industry and in the process supported no fewer than 19 companies.
The company has even been trying to lobby Washington's policymakers to make laws that are more conducive to cryptocurrency. Andreessen Horowitz is also one of the early supporters of the Libra Association.
"Libra will be fine"
Regarding Libra, Dixon believes that the proposed digital payment project will eventually ease the current regulatory situation. The a16z executives acknowledge that the regulatory barriers are challenging, but they are optimistic that the parties will soon reach a consensus.
Unlike other early supporters (such as PayPal and MasterCard), a16z did not withdraw from the association and ultimately chose the charter of Libra.
Since Facebook published the Libra project white paper on June 18th, due to the strong background of Facebook, Libra has received close attention and discussion from global governments, regulators and companies, expressing concerns about Libra. Libra has faced unprecedented challenges in regulation. The final fate of Libra will be, we will continue to pay attention.