Andreessen Horowitz shifting from venture firm status to financial advising

According to multiple reports, one of the elite Silicon Valley venture capital firms is undergoing a major makeover to gain more capacity for larger and riskier bets on new types of investments. Forbes has reported that Andreessen Horowitz “renouncing its status as a VC firm” and registering all 150 of its employees as financial advisors. This will allow it to invest in anything from cryptocurrency to shares in already-public companies. Read more about this major shift here.

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