Andreessen Horowitz (a16z) has closed a satellite office in Miami Beach just two years into a five-year lease it signed for an 8,300-square-foot space. The reason? Disuse, reports Bloomberg.
Miami — once a hotspot for crypto, an area of interest for a16z — has struggled to retain venture cash and entrepreneurial talent in recent years, Bloomberg notes, with venture investments dwindling to $400 million in Q2 2024 from $5.5 billion in all of 2022, per Pitchbook.
For a16z, the closure deals a blow to plans it outlined in 2022 to ditch a central HQ for “global outposts” in cities including NYC and Santa Monica. Pitched as an antidote to the remote working arrangements that became commonplace during the pandemic (which a16z co-founders Ben Horowitz and Marc Andreessen once derided as “not a good life“), the outposts were meant to “build relationships” amid founders and help “develop [a16z’s]” culture.
Evidently, things didn’t go quite as planned in Miami.
European regulators are pushing hard for greener energy. The REPowerEU plan calls for 10 million additional heat pumps to be added by 2027, and solar panels are also on the…
As someone who talks to many people outside my time zone, I often spend at least a few minutes on a video call explaining my location, time, and weather. That…
If you spend time on X or Threads, where snarky memes rise and fall, you’ve probably seen posts referencing “founder mode” over the last few days, like this: https://www.threads.net/@carnage4life/post/C_eaQAxyIcV Or…
Andreessen Horowitz (a16z) has closed a satellite office in Miami Beach just two years into a five-year lease it signed for an 8,300-square-foot space. The reason? Disuse, reports Bloomberg. Miami…
These final maneuvers will bring to a close a troubled first crewed mission for the Boeing-made Starliner.
As Meta tries to rekindle the flame between Facebook and socially anxious youths, the company released a blog post Wednesday titled, “Navigating your 20s with Facebook.”
Cowboy has closed funding of around $5.5 million. With this recent funding round, Cowboy is now valued at €40 million on a pre-money basis.
HR and payroll software company Paylocity has agreed to acquire corporate spend startup Airbase for $325 million, the companies announced Wednesday. The deal is subject to regulatory approval and is…
A long-running lawsuit over the Internet Archive’s “emergency” e-book lending practices during the COVID-19 pandemic has ended in a loss for the website and a victory for publishers. The lawsuit…
Ryan Breslow’s plan to get himself reinstalled as CEO of fintech company Bolt — and push through a $450 million fundraising deal that would value the startup at a staggering $14 billion…
Maybe a lack of AI characters is what Quibi got wrong. At least, that’s what one startup appears to believe. My Drama is a new short series app with more…
A 23-year-old woman who allegedly killed two men in March while using Ford’s hands-free system, BlueCruise, has been charged with DUI homicide by Pennsylvania State Police. The woman, Dimple Patel,…
The hiring effort comes after X, formerly known as Twitter, laid off 80% of its trust and safety staff since Musk’s takeover.
Hiya, folks, welcome to TechCrunch’s regular AI newsletter. If you want this in your inbox every Wednesday, sign up here. This week in AI, two startups developing tools to generate and…
The Cosmos Institute, a nonprofit whose founding fellows include Anthropic co-founder Jack Clark and former Defense Department technologist Brendan McCord, has announced a venture program and research initiatives to —…
Once linked, parents will be alerted to their teen’s channel activity, including the number of uploads, subscriptions and comments.
No one is putting the remote working genie back in the bottle. Which is good news for Oyster, a payroll and HR platform that specializes in distributed workforces — or…
For the college students who are satisfied with dating apps, which may not be many, Tinder announced Wednesday a series of updates to Tinder U, its in-app feature that caters…
The exact contents of X’s (now permanent) undertaking with the DPC have not been made public, but it’s assumed the agreement limits how it can use people’s data.
Years ago, Twitter tried but eventually walked away from building TV apps after getting a lukewarm reception. Now, as it looks to revive its advertising business, its new incarnation X…
Apple is likely to unveil its iPhone 16 series of phones and maybe even some Apple Watches at its Glowtime event on September 9.
Korea’s Institute of Machinery and Materials this week showcased a robotic wheelchair with large, deformable wheels that can manage rocks, stairs and other obstacles. During normal operation, the wheel maintains…
Mayfield is launching AI Garage, a $100 million initiative for ideation-stage founders interested in building “AI teammate” companies.
Anthropic is launching a new subscription plan for its AI chatbot, Claude, catered toward enterprise customers that want more administrative controls and increased security. Claude Enterprise will compete with OpenAI’s…
Time is running out to take advantage of our Student Pass discount for TechCrunch Disrupt 2024. Students and recent graduates can still save up to $200 until September 6 at…
Fast-forward to today, Slauson & Co. remains even more committed to the mission of inclusivity in its funding, and it seems limited partners have its back.
Safe Superintelligence (SSI), the AI startup co-founded by former OpenAI chief scientist Ilya Sutskever, has raised over $1 billion in capital from investors including NFDG (an investment partnership run by…
The American sports betting market produced $10.9 billion in revenue in 2023 for casinos, sportsbooks and iGaming, according to the American Gambling Association. One of the reasons this industry is…
New climate tech VC firms have emerged in recent years, but existing ones are also raising larger funds. Founded in 2007, Dutch firm SET Ventures is one of the latter.…
Revefi connects to a company’s data stores and databases (e.g. Snowflake, Databricks and so on) and attempts to automatically detect and troubleshoot data-related issues.
