Here's How Much a16z is Down By
0The continuing crypto cold has had an impact on Andreessen Horowitz, better known as a16z. In the first half of 2022, the company's flagship cryptocurrency fund saw a loss of roughly half of its value. A16z's flagship cryptocurrency fund, which was introduced in 2018, has experienced a 40% value decline. The continued market slump, a drop in consumer demand, and increasing regulatory scrutiny of startups sponsored by some of the funds are the causes of the dip. A16z and Polychain Capital co-led Solana's private token sale in June 2021, which brought in approximately $314 million. But Solana's value has decreased by 80% from the year's beginning.
Since the beginning of the year, the value of Solana has decreased by 80%. The VC firm Andreessen Horowitz appears to have lost money on its investment in Coinbase, losing close to $3 billion. Despite the fact that this year is by no means the first bear market for cryptocurrencies, the current bear market is bigger than the one that occurred between 2018 and 2020.
Source: https://cryptopotato.com/heres-how-much-a16z-largest-crypto-fund-is-down-wsj/
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