a16z's cryptocurrency fund has begun to see returns on its investment books, outperforming other funds.
2days ago
Odaily Planet Daily News: Andreessen Horowitz (a16z) raised a record-breaking $4.5 billion cryptocurrency fund in May 2022, but it seems to have completely missed the market opportunity. At that time, the price of Bitcoin had fallen 55% from its peak, while Coinbase's stock price had fallen by about 80%. Both companies would continue to be sluggish for more than a year. But now, the cryptocurrency investment company is starting to reap returns, at least on paper. By some indicators, the performance of the crypto fund has exceeded that of other funds raised during the investment boom during the 2020-22 epidemic. (The Information)
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