For a long-time, distributed work for VCs looked like a split-HQ between two cities in different parts of the world. Now, it may look like “the cloud.”
Andreessen Horowitz, a venture firm turned registered investment advisor, says that its “headquarters will be in the cloud” going forward, according to a blog post written by founding partner Ben Horowitz. Alongside ditching a centralized HQ, a16z announced new offices in Miami Beach, New York and Santa Monica in addition to its existing Menlo Park and San Francisco posts.
A16z declined to comment beyond the blog post.
The firm is prioritizing physical offices around the world instead of one centralized HQ doesn’t entirely come as a surprise, if you consider the pandemic. Coronavirus kept offices closed, forcing venture capitalists to learn how to do their jobs remotely and all around the world. Now, VCs staying in Silicon Valley feels quite 2019, as investors migrate to other hot spots, including Austin, Miami, and Salt Lake City.