Paperwork within the UK present that the British Ministry of Commerce and Commerce spent 5 years beliefs Andreessen Horowitz to create the presence in London, just for an American firm to depart 18 after the opening of the workplace, in keeping with authorities paperwork obtained Sifted.
In 2023, A16Z launched a crypto workplace in London and thought of crypto surroundings within the US below Biden at the moment because the hostile and United Kingdom extra versatile for work. However the progress to crypto was sluggish within the UK, and now evidently the brand new authorities of labor is much less targeted. The A16Z motivation to proceed within the London workplace thus thinned, Sifted sources mentioned.