Andreessen Horowitz abandons physical headquarters in exchange for global outposts

Andreessen Horowitz, a venture firm turned registered investment adviser, says that your “headquarters will be in the cloud” in the future, according to an entry from blog written by the founding partner Ben Horowitz. In addition to getting rid of a centralized headquarters, a16z announced new offices in Miami Beach, New York and Santa Monica, in addition to his existing positions in Menlo Park y San Francisco.

The company is prioritizing physical offices around the world over a centralized headquarters, which isn't entirely a surprise, considering the pandemic. The coronavirus has kept offices closed, forcing venture capitalists to learn how to do their jobs remotely and around the world. Now, venture capitalists who stay in Silicon Valley feel like 2019, as investors migrate to other hot spots, including Austin, Miami and Salt Lake City.

“In the new operating model of our company, we work mainly in a Interactive, but we will use our presence Physics to develop our culture, help to entrepreneurs and build relationships," he wrote. Horowitz in the blog post.

The venture capitalists Distributed companies are reacting differently to this new normal. For example, Vibe Capital's Ankur Nagpal launched his fund with plans to spend one month at a time in the geographies he plans to invest in. Brianne Kimmel of Worklife Ventures is creating an invitation-only fund. Most recently, Index Ventures opened its fourth office in New York, its first new office in more than a decade.