Venture Capital Titan a16z Signs Miami Beach Office Lease – Business Observer
In another boost for South Florida’s tech dreams, a major venture capital firm Andreessen Horowitz announced Thursday that it has opened an office in Miami Beach.
Andreessen Horowitza Silicon Valley stalwart also known as a16zrent a floor Barry Sternlicht‘s building at 2340 Collins Avenue. The company signed a five-year lease for 8,000 square feet, the City of Miami Beach said in a Press release.
In a announcement Explaining his new approach to office space, Andreessen Horowitz said he is keeping offices in Menlo Park, California, and San Francisco, while also opening offices in Miami Beach, New York and Santa Monica , in California.
“Our headquarters will be in the cloud and we will continue to create physical offices around the world where needed to support our teams and partners,” co-founder Andreessen Horowitz Ben Horowitz wrote on the company’s website.
Andreessen Horowitz has become a player in the world of cryptocurrency and digital assets, and his new office in South Florida is close to the Miami Beach Convention Centerannual website Bitcoin conference.
In a post on Twitter, the mayor of Miami Francois Suarez called the announcement “huge news”.
Andreessen Horowitz manages $33 billion in assets. The company called its new real estate strategy part of a hybrid approach that combines remote work and physical offices.
“It turns out that managing a tech company remotely works great,” Horowitz wrote. “It’s not perfect, but mitigating the cultural issues associated with remote working is proving easier than mitigating the employee satisfaction issues associated with forcing everyone into the office five days a week.”
Brandon Charnas, Adam Henick and Alec Kirschner of Current Real Estate Advisors represented a16z in lease negotiations.
Jeff Ostrowski can be contacted at [email protected]