Term Sheet — Wednesday, April 3: Inside Andreessen’s Big Crypto Play

Apr 03, 2019 - Fortune
Board and Executive Moves-Mergers and Acquisitions-IPOs-Investments

Andreessen Horowitz, the 10-year-old venture capital firm, is ready for its next chapter. That chapter includes raising a new growth fund and renouncing its status as a venture firm.

A new Forbes feature reports that Andreessen Horowitz will undergo a costly process that would morph it into a registered investment advisor. Why? This move would allow the firm to take even riskier bets. For instance, if the firm decides to put $1 billion into cryptocurrency or tokens, or buy unlimited shares...