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a16z Yet to Deploy Over 50% of Crypto Fund 4, Says Chris Dixon
General partner at Andreessen Horowitz (a16z), Chris Dixon, has assured that the bigger part of the firm’s last crypto fund is yet to be deployed. The venture capital firm raised $4.5 billion in May, to bring its total blockchain investments to over $7.6 billion. At the time, the firm earmarked $1.5 billion for seed investments and dedicated the remaining $3 billion to venture investments.
Speaking in a recent interview on The Block’s The Scoop, however, Dixon confirms that the majority of the most recent fund remains unused. He said:
“We’ve deployed less than 50%, so we have the majority of our recent fundraise left.”
Additionally, he spoke about a16z crypto funds and how they differ from most crypto hedge funds. That is especially in terms of flexibility of deployment. In his explanation, he shared that anyone who intends to invest in their fund should not expect returns on their investments so soon.
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