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Andreessen Horowitz Seeks to Manage Fortunes of Tech Founders

  • Venture firm hired Michel Del Buono from Jordan Park as CIO
  • A16z has helped create many billionaires with early backing
Marc Andreessen
Marc Andreessen

Photographer: David Paul Morris/Bloomberg

Andreessen Horowitz, the venture firm that was an early investor in Twitter, Meta’s Facebook and Airbnb, is now looking to manage the fortunes of the startup founders it helps make rich. 

The firm, nicknamed a16z, hired Michel Del Buono as chief investment officer for the new business that will provide a range of wealth-management services to a16z partners and the executives of its portfolio companies, according to people with knowledge of the plans. Del Buono most recently was the CIO at Jordan Park Group, which oversaw $17.6 billion on behalf of high-net-worth clients as of December.