Andreessen Horowitz Flagship Crypto Fund Down 40% This Year

Venture giant Andreessen Horowitz’s (a16z) flagship crypto fund has fallen 40% in the first half of this year alone, after it was set up as the crypto market peaked, according to a new report.
The 40% fall for the crypto-focused venture fund is much larger than the 10% to 20% drops seen in other venture funds this year. Most venture funds have tended to stay away from crypto investments, which are seen by traditional investors as risky and in a regulatory grey area....
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