Andreessen Horowitz Renames a16z Crypto to a16z Frontier: Where Will the Money Go Now?

Andreessen Horowitz renamed its blockchain arm a16z crypto to a16z frontier on Thursday, October 22, widening its $2.2 billion fifth fund to AI, robotics and other early-stage technology as crypto startup funding hits a three-year low in deal count. Chris Dixon, who started a16z crypto in 2018, called it “an expansion,” not an exit. The same day, general partner Ali Yahya said he is leaving. The timing stands out. In May, a spokesperson told Fortune that Fund 5 was “100% dedicated to investing in crypto entrepreneurs.” So what changed, and how much of that money will still reach crypto founders?