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Andreessen Horowitz Pushes VC Center of Gravity Away From Bay Area

Coyotes, New Climate Refugees, Raise Ire In City Neighborhoods
Photographer: David Paul Morris/Bloomberg
Corrected

One of Silicon Valley’s most prominent venture firms, Andreessen Horowitz, has announced the location of its new headquarters: “the cloud.” The firm will keep its real estate in San Francisco and Menlo Park, California, but now plans to expand beyond those confines—formally opening up offices near Miami, Los Angeles and New York. 

In a blog post Thursday, Ben Horowitz—who himself has moved to Las Vegas—positioned the move as a direct indictment of the once-unassailable dominance of the Bay Area tech scene. The rise of remote work, he said, is “profoundly weakening the Silicon Valley network effect.” The inimitable magic that once made Northern California feel like the only viable destination for serious tech startups, in other words, is gone.