Paperwork present UK wooed a16z for 5 years

U.Ok. paperwork present that the U.Ok.’s Division of Enterprise and Commerce spent 5 years convincing Andreessen Horowitz to create a presence in London, just for the U.S. agency to depart 18 months after launching an workplace, in response to authorities paperwork obtained by Sifted. 

In 2023, a16z launched a crypto workplace in London, deeming the crypto surroundings within the U.S. below Biden on the time as unfriendly and the U.Ok. extra versatile to work with. However progress on crypto was gradual within the U.Ok. and now the brand new Labour authorities appears much less centered on it. This, mixed with enthusiasm from the Trump administration, contributed to a16z leaving the nation, sources informed Sifted.

This piece was up to date.