Andreessen Horowitz to Drop ‘Crypto’ From Name of Flagship Blockchain Fund

What happened: Andreessen Horowitz is dropping "crypto" from the name of its blockchain fund, renaming a16z crypto to a16z frontier and broadening its investment strategy beyond crypto. General partner Ali Yahya is leaving to work on his own startup. Key numbers: Nearly $10 billion raised across five funds. Yahya joined a16z in 2017 as the first full-time member of its crypto team. Why it matters: The rename signals a shift in strategy for one of the venture world's boldest blockchain bets, and Yahya's exit removes a founding member of the crypto team.

Andreessen Horowitz is dropping "crypto" from the name of its blockchain fund, renaming a16z crypto to a16z frontier and broadening its investment strategy beyond crypto. General partner Ali Yahya is leaving to work on his own startup.

The rename signals a shift in strategy for one of the venture world's boldest blockchain bets, and Yahya's exit removes a founding member of the crypto team.