British paperwork present that the UK enterprise and commerce division spent 5 years convincing Andreessen Horowitz to create a presence in London, just for the American firm to depart 18 months after the launch of an workplace, in accordance with Authorities paperwork obtained by Sifted.
In 2023, A16Z launched a cryptography workplace in London, judging the cryptographic atmosphere in the USA underneath Biden on the time as hostile and in the UK extra versatile to work with. However progress on crypto has been sluggish in the UK and now the brand new Labor authorities appears much less focused on it. This, mixed with the keenness of the Trump administration, contributed to A16z leaving the nation, sources informed Sifted.
This half has been up to date.
