With total assets under management now totalling to about $20 billion, a16z is undoubtedly one of the largest VCs in the world.
a16z impact however is better felt when you consider its list of portfolio companies. The VC has invested in a plethora of industry-vertical startups – from bio and consumer startups, to crypto and enterprise companies – with very successful exits.
Below is a list of just some of a16z’s most successful exits:
Bebop – Acquired by Google
Amiato – Acquired by Amazon
Bracket – Acquired by VMware
Clipboard – Acquired by Salesforce
Flutter – Acquired by Google
Instagram – Acquired by Facebook
Kno – Acquired by Intel
Lytro – Acquired by Google
Oculus VR – Acquired by Facebook
Pixate – Acquired by Google
RHL – Acquired by Google
Skype – Acquired by Microsoft
Swell – Acquired by Apple
Twice – Acquired by eBay
Urban Engines – Acquired by Google
wit.ai – Acquired by Facebook
Below is a look at its crypto portfolio investments:
“The size of this fund speaks to the size of the opportunity before us: Crypto is not only the future of finance but, as with the Internet in the early days, is poised to transform all aspects of our lives.
The history of crypto shows that asset prices may fluctuate but innovation continues to increase through each cycle. We’ve never been more excited about where crypto is headed and we’re going all in on the talented, visionary founders who are determined to be part of crypto’s next chapter. If you’re one of them, we’d love to hear from you.”
a16z says that it invests at all stages and asset types, regardless of market conditions and across all geographies. Its investments also cut across all areas of crypto including infrastructure, new layers, DeFi, NFTs, DAOs, tokens, and Web3 apps, including ‘new ideas that don’t have names or categories yet.’
“Crypto is a global phenomenon, and we invest everywhere.” ~ a16z
With Africa already becoming one of the leading continents when it comes to crypto adoption, there is no doubt that VCs and hedge funds like a16z will also be looking at the continent’s innovations in this area.
This is a truly exciting time for crypto on the continent and the Crypto Fund III is likely going to a part of Africa’s promising crypto future.