Venture capital firm a16z closes Miami office due to low usage and declining investments.

Venture capital firm Andreessen Horowitz (a16z) has shut down its Miami office after two years, despite a five-year lease for 8,300 square feet. The closure is attributed to low office usage and a decline in venture capital investments in the region, dropping from $5.5 billion in 2022 to $400 million in Q2 2024. This raises concerns about Miami's future as a tech hub, particularly following setbacks in the cryptocurrency sector.

September 04, 2024
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