In less than a year, Base Power has grown from a stealthy startup to one of the largest battery fleets in Texas. Now, the company has raised $200 million to fund a rapid expansion, including dozens more megawatt-hours of battery storage and plans for a domestic battery factory. The Series B round was led by […]
a16z backs Base Power in $200M round for home backup batteries Read More »
The venture capital firm is reportedly in talks to invest in TikTok as part of a bid led by Oracle and other American investors looking to buy out TikTok from ByteDance, according to the Financial Times. TikTok is once again slated to be banned in the US on April 5th unless its Chinese-based owner sells
Andreessen Horowitz is trying to nab a piece of TikTok with Oracle, report says Read More »
On Tuesday, Vice President JD Vance said that the Trump administration’s support of AI and tech innovations should benefit both populists and those investing and leading tech companies. “I think there’s too much fear that AI will simply replace jobs rather than augmenting so many of the things that we do now,” said Vance at
OpenAI’s flagship AI chatbot, ChatGPT, returned to solid growth in the latter half of 2024, according to a new report published on Thursday by VC firm Andreessen Horowitz (a16z). While it took ChatGPT nine months to grow from 100 million weekly active users in November 2023 to 200 million in August 2024, it’s now taken
ChatGPT doubled its weekly active users in under 6 months, thanks to new releases Read More »
Andreessen Horowitz co-founder Ben Horowitz has donated a fleet of Tesla Cybertrucks to the Las Vegas Metropolitan Police, the department has confirmed to TechCrunch. The Cybertruck fleet is the latest entry in a list of gifts Horowitz has given to the Las Vegas police — a relationship TechCrunch revealed in detail late last year. The
Ben Horowitz donates Cybertruck fleet to the Las Vegas police Read More »
Former North Carolina congressman Patrick McHenry announced Wednesday that he landed a job with VC firm Andreessen Horowitz. He will be a senior advisor. His post on X said little about what the job entails, except to be advocating for startups (which a16z likes to call “little tech”) with policymakers. Andreessen Horowitz did not immediately
a16z hires former Republican congressman Patrick McHenry as advisor Read More »
Many venture industry observers have wondered whether Andreessen Horowitz, a firm that manages $45 billion, has its sights on eventually becoming a publicly traded company. Co-founder Marc Andreessen said he isn’t “chomping at the bit to take the firm public,” on this week’s Invest Like the Best podcast. But he discussed his goal of building
Marc Andreessen dreams of making a16z a lasting company, beyond partnerships Read More »
Brian Quintenz, who leads policy for Andreessen Horowitz’s crypto team, announced on Wednesday that he’s being tapped to head the Commodity Futures Trading Commission (CFTC), according to his X post. And many in the VC industry appear to be thrilled about it. The CFTC regulates the trading of commodity futures, options, and swaps, otherwise known
VC industry reacts to Trump nominating a16z’s Brian Quintenz for regulatory role Read More »
Andreessen Horowitz is defending its decision to hire Daniel Penny, according to an investor memo seen by The New York Times. The venture capital firm caused a stir earlier this week after it announced it would hire Penny, who was acquitted last year of choking a homeless man to death in the New York City
a16z stands by decision to hire Daniel Penny Read More »
Despite news that Andreessen Horowitz (a16z) closed its London crypto-focused office, the VC giant has dozens of scouts across Europe looking for early-stage startups, reports Sifted. Some scouts are said to work at companies like Poolside and 11x, the latter of which just raised a $50 million Series B led by the firm. Though many
a16z has venture scouts scattered across Europe Read More »
