Andreessen Horowitz Is Blowing Up the Venture Capital Model Again
More aggressively, they tell Forbes that they are registering their entire firm—a costly move requiring reviews of all 150 people—as a financial advisor, renouncing Andreessen Horowitz’s status as a venture capital firm entirely. For one investor in their funds, Princeton University’s chief investment officer Andrew Golden, it became a running joke how long it would take for other firms to complain about Andreessen Horowitz. Buoyed by prior exits and some scrimping, Andreessen and Horowitz reinvested their money in the business, whose structure was modeled more on a Hollywood talent agency than a traditional venture capital firm.
Source: www.forbes.com