11 ms·

a16z hedge fund? Please explain.

• qeternity 5y ago
  Basically a crypto hedge fund.
• thesausageking 5y ago
  a16z restructured themselves into an RIA and is no longer a VC fund according to the SEC. By giving up the VC fund exemption, they have to follow the regulatory rules for hedge funds including background checks for employees, many more disclosures, 13F filings, etc. They did it because the change lets them to invest in public company stock, buy secondaries, buy crypto tokens, etc.
  • mannymanman 5y ago
    So all the 'Crypto Funds' they've been raising recently are not for investing in crypto companies, but to trade tokens?
    • thesausageking 5y ago
      Most crypto funds are not structured as VC funds for exactly this reason.