According to BlockBeats, on September 4, Bloomberg quoted people familiar with the matter as saying that with the downturn in the cryptocurrency market, a16z closed its Miami office in May this year two years after it opened, mainly because employees did not use the office frequently enough. The news has been confirmed by an a16z representative, but he declined to comment further.
In 2022, a16z signed a five-year lease for 770 square meters of office space in Barry Sternnicht’s Miami Beach office building at 2340 Collins Avenue.
