The intrigue surrounding Andreessen Horowitz’s recent decision to close its London crypto-focused office is palpable. However, this move does not impede the VC giant’s relentless pursuit of early-stage startups in Europe. Reports from Sifted reveal that despite this closure, a16z has a robust network of scouts scattered across the continent, actively seeking out promising ventures.
Below are some key points highlighting the European scouting operations of Andreessen Horowitz:
- The venture capital firm has a substantial network of scouts across Europe who are on the lookout for innovative startups.
- While a significant portion of Andreessen Horowitz’s scouts are based in the US, European scouts can be found in various countries including Sweden, France, Germany, Estonia, the U.K., and Amsterdam.
- Notable figures among these scouts include Pippa Lamba, a partner at Sweet Capital, and Guillaume Roux-Romestaing, who leads a partnership at 11x, a company that recently secured a $50 million Series B funding led by a16z.
These scouts are known to strike up to eight deals annually, providing financial backing ranging from $10k to $25k. However, there are certain restrictions in place. For instance, it is reported that the scouts are prohibited from investing directly in NFTs, reflecting a cautious approach to emerging trends in the market.
Despite the abundance of information regarding a16z’s scouting activities in Europe, the venture capital firm has not yet responded to inquiries seeking further clarification.
In conclusion, Andreessen Horowitz’s strategic placement of scouts throughout Europe showcases the firm’s commitment to discovering and nurturing the next generation of disruptive startups. While the closure of its London office may raise eyebrows, it is evident that a16z’s scouting network remains active and vigilant in seeking out promising investment opportunities.
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