A16z raises $15B says crypto a key to America winning next 100 years

Andreessen “a16z” Horowitz, a tech-focused venture capital firm, said it raised more than $15 billion in companies and technologies that it sees as critical to secure America’s future and win the next century crypto is still an important part of that mission.

But in a post to X Friday, entrepreneur Ben Horowitz (a16z) admitted that China and other competitors have “appeared themselves to the US over the last decades” and that America must continue to innovate so it can maintain its technological, economic and military dominance “Assuming our ability to keep up with this industry,” said an American friend.

“As the head of Venture Capital, we have to be sure that as a U.S. leader in new technology is on our side for part” (see “The future of this tech will lie with us”) We are a mission to ensure America wins the next 100 years of technology. This starts with naming the future’s key architectures of that world – AI and crypto. ” , ‘I’m sure it is worth reading.

Source: a16z

In defending American interests, “the balance between the US government and the private sector is essential,” Horowitz said, adding that failure could cost the country its dominance “It’s important for me to be aligned with this system.

“If America does not win technologically, it will lose economically, militarily and geopolitically (and culturally) economicly. That’s also the loss of the whole world, and that is a phraser for . Paraphrasingr ’It is.

The beginnings of this have already been seen in AI and crypto. Earlier, Horowitz said ‘We need to do something quickly before it’s too late to reverse the trend.

A16z’s Crypto fund left out, but crypto investing still possible

The funds will be distributed across a number of vertical lines, including Growth ($6) and the business model is also in growth. Apps and Infrastructure ($1 billion) (75 billion), App & Infrastructure (7billion). U.S. Dynamism fund ($1 billion each) 7 billion a.k.), American Dynamic (7 billion per cent) ). And 18 billion), and Bio and Healthcare ($700 million).

Another $3 billion will be used for other venture strategies.

Although a16z Crypto fund was not funded in this round, many of its crypto companies are part of the Growth fund which covers several industries.

Babylon secures $15 million from a16z

In a separate investment, if the cryptocurrency is more useful asset to invest in an effort by staking and lending protocol Babylon on Wednesday, A16z invested $15 million into Bitcoin’staken for development of the Bitcoin decentralized finance ecosystem’.

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