Andreessen Horowitz shutters its ‘Wall Street South' office after 2 years because nobody was showing up [Fortune]
JP Morgan Chase & Co. (JPM)
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Source: Fortune
But its triumph wasn't enough to save Andreessen Horowitz's “Wall Street South” office, it seems. In May, the venture capital firm shuttered its Miami office two years after opening, Bloomberg reported on Wednesday, seemingly relinquishing its hopes of building a presence in what's become a burgeoning hub for crypto and finance. Miami has been christened the “Wall Street South” as it has evolved into a new frontier financial center with more and more companies, and the billionaires who helm them, migrating to the Sunshine State. The pandemic (and remote work) was already a thing when a16z signed a five-year lease back in 2022, but crypto hadn't experienced its meltdown yet. So flash-forward a couple years, and there weren't enough employees using the office space, according to Bloomberg, which cited people familiar with the matter. The company confirmed the news to Bloomberg, but declined to comment further. In late July 2022, billionaire entrepreneur Ben Horowitz, one member of
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