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The a16z Crypto Assets fund has begun to see returns on its investment, outperforming other funds.
Odaily News Andreessen Horowitz (a16z) raised a record $4.5 billion crypto assets fund in May 2022, but it seems to have completely missed the market timing. At that time, the price of Bitcoin had fallen 55% from its peak, and Coinbase's stock price had dropped about 80%. Both companies have been in a prolonged slump for over a year. But now, this crypto assets investment firm is at least starting to see returns on paper, and by some metrics, the performance of this crypto fund has surpassed other funds raised during the investment boom period from 2020 to 2022 amid the pandemic. (The Information)