Florida
Florida tech and crypto boom flags as Andreessen Horowitz quietly shutters Miami outpost
When Andreessen Horowitz opened an outpost in Miami Beach, the $43 billion venture capital giant bolstered the region’s ambitions of becoming a tropical tech mecca.
Two years and a crypto meltdown later, that office has been quietly shuttered.
Andreessen Horowitz exited the space in May because employees weren’t using it enough, said people familiar with the matter, who asked not to be named citing private discussions. In 2022, the firm had signed a five-year lease for 8,300 square feet (770 square meters) in Barry Sternlicht’s Miami Beach office building at 2340 Collins Ave.
The departure underscores the potential weakness of Miami’s staying power after the city lured a rush of finance and tech companies in recent years. Shortly after Andreessen Horowitz said it was opening the office, Miami’s crypto dreams began to crumble with the implosion of Sam Bankman-Fried’s FTX.
A representative for Andreessen Horowitz confirmed that the firm no longer has a Miami office but declined to comment further.
Venture capital money flowing to Miami has flagged since 2022. Miami-based companies brought in $400 million in the second quarter, compared with $5.5 billion for 2022 as a whole, according to PitchBook data.
By contrast, the artificial intelligence boom has given San Francisco even more of an edge as a tech capital. In the second quarter, companies in the Bay Area got $18.7 billion in venture capital funding.
Andreessen Horowitz tried to keep the Miami offices going past the 2022 crypto rout, with partner Chris Lyons giving a tour of the facilities on Instagram in May 2023.
The Menlo Park, California-based firm manages $7.6 billion in crypto-related assets and employs a team of more than 100 to bankroll emerging startups and manage existing bets on dozens of crypto startups. The company expects to raise a new cryptocurrency-focused fund in 2025, Bloomberg reported in April.
The former Andreessen Horowitz office is now occupied by contact-lens maker Bausch + Lomb Corp., said Brandon Charnas of Current Real Estate Advisors. He facilitated the deal with the new tenant along with Kevin Gonzalez and Stephen Rutchik of Colliers.
“There was a lot of hype around promoting crypto in Miami, but crypto had a small office presence even at its peak,” Gonzalez said.
He estimated that crypto companies only ever occupied about 70,000 square feet of office space around the Miami area.
“We’re not seeing a ton of crypto companies saying they need an office space in Miami,” said Charnas, who worked with Andreessen Horowitz on its original lease. “We’re seeing more interest from family offices, investors and private equity.”
In our new special issue, a Wall Street legend gets a radical makeover, a tale of crypto iniquity, misbehaving poultry royalty, and more.
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FORT MYERS, Fla. – An injured manatee and her calf are recovering after authorities on a boat rescued them from the Orange River near Fort Myers on Thursday.
What we know:
The Lee County Sheriff’s Office said its Marine Unit, Advanced Technology Support Unit, drone pilots and the Florida Fish and Wildlife Conservation Commission helped in saving the pair after the mother was found hurt in the water and in need of medical attention.
READ: Missing Florida man found stuck in mud without food or water for days: PFD
Video shows authorities pulling the frantic manatees safely onto the boat in netting before taking them to shore.
Courtesy: Lee County Sheriff’s Office
Both animals will be taken to ZooTampa for evaluation and medical care.
What we don’t know:
LCSO did not say the extent of the mother’s injuries.
By the numbers:
As of Feb. 20, there have been 85 manatee deaths across Florida in 2026, according to the FWC. Last year reportedly saw a total of 632 manatee deaths.
Dig deeper:
Earlier this month, the FWC began investigating a spike in manatee deaths, specifically in Lee County, where officials say 25 were found dead within a week.
READ: FWC investigating spike in manatee deaths over the past week
The FWC believes these manatee deaths could be from several factors: cold stress, a lack of seagrass and polluted waterways.
The Source: Information for this story was provided by the Lee County Sheriff’s Office and the Florida Fish and Wildlife Conservation Commission.
Trump threatens tariffs on countries that supply oil to Cuba
Trump warned Cuba to reach an agreement with the U.S. after signing an executive order to impose tariffs on countries that supply the island with oil.
HAVANA (Reuters) – Four people were killed and seven others were wounded on Feb. 25 after a speedboat from Florida entered Cuban waters and opened fire on Cuban forces, who returned fire, Cuba’s Interior Ministry said.
All four dead were aboard the Florida-based speedboat, and another six were injured, Cuba said. In addition, the Cuban commander of border patrol boat was wounded, Cuba said.
The wounded foreign attackers were evacuated and received medical attention, Cuba said.
The incident took place amid heightened tension between Cuba and the United States, which has blocked virtually all oil shipments to the island, increasing pressure on the Communist-run government. American forces captured Venezuelan President Nicolas Maduro in Caracas on Jan. 3, removing a key Cuban ally from power.
“Faced with the current challenges, Cuba reaffirms its commitment to protecting its territorial waters, based on the principle that national defense is a fundamental pillar for the Cuban state in safeguarding its sovereignty and stability in the region,” the Cuban statement said.
Reporting by Daniel Trotta in Havana.
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