a16z Shifts Focus to US, Closes London Office Amid Trump's Pro-Crypto Policies
Venture capital firm Andreessen Horowitz (a16z) is shifting its focus to the US, closing its London office just a year after opening. The move comes in response to the Trump administration's pro-crypto policies, which have bolstered the firm's positive outlook on the US stock market today.
a16z's optimism about the US stock market today dates back to November 2024, following Donald Trump's election victory. The firm's confidence has been further bolstered by recent actions from the Trump administration, including an executive order promoting digital assets and the appointment of crypto-friendly SEC chair Paul Atkins. Atkins, known for supporting cryptocurrency innovation, aims to ease regulations while protecting investors.
The firm's strategy extends beyond digital assets, focusing on disruptive technologies such as AI, digital games, cloud computing, cybersecurity, IoT, 5G, and online education. a16z's commitment to the gaming sector is evident in its $7.2 billion fundraise for investments in the industry. Despite the shift, UK initiatives backed by a16z, like Arweave, Aztec, and Improbable, may still receive some support, though at a reduced level.
With the closure of its London office, a16z will redirect its resources and time towards the US. While the firm will maintain occasional visits from US partners, UK projects may see reduced local support. Anthony Albanese, director of operations for a16z's crypto division, announced the closure and shift, reflecting the firm's confidence in the US stock market today and its commitment to driving transformative change through strategic investments.
