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Florida tech and crypto boom flags as Andreessen Horowitz quietly shutters Miami outpost

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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.

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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.

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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.”

Recommended reading:
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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Driver arrested after allegedly plowing onto Florida airport tarmac

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Driver arrested after allegedly plowing onto Florida airport tarmac


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Audubon Florida leader has built reputation for working across party lines | The Invading Sea

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Audubon Florida leader has built reputation for working across party lines | The Invading Sea


By Issabella Gutierrez 

As a child growing up in rural Florida, Julie Wraithmell once stood at the foot of a tall pine tree and watched a woman climb 50 feet into the air to occupy an abandoned eagle’s nest. The woman, Doris Mager, stayed there for a week to raise money for raptor rehabilitation. For young Julie, the “nest-in” became a blueprint for a life in conservation. 

In Florida’s often unpredictable environmental policy landscape, Wraithmell has built a reputation for working across party lines.

Audubon Florida Executive Director Julie Wraithmell at Corkscrew Swamp Sanctuary (Photo courtesy of Audubon Florida)

Today, as the vice president and executive director of Audubon Florida, the state office of the National Audubon Society, she leads the organization’s statewide science and advocacy efforts from her office in Tallahassee. She spends the legislative session in committee hearings and meetings with lawmakers, agency officials and conservation leaders.

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Over two decades, she has evolved from a field biologist and self-described “bird nerd” into an influential environmental leader in Florida, navigating a political landscape that can be as unpredictable as any treetop. 

A native Floridian, Wraithmell earned a bachelor’s degree in biology from Duke University and a master’s degree in science from Florida State University. 

She began her career in 1997 as a biologist at the Florida Fish and Wildlife Conservation Commission, where she worked for eight years and helped launch the Great Florida Birding Trail, a 2,000-mile network connecting more than 500 wildlife-viewing sites. 

Wraithmell now oversees 80 Audubon Florida staff members and 45 chapters statewide. Beyond lobbying, she directs habitat restoration strategies and coordinates policy teams focused on land conservation and water quality. 

Renée Wilson, a senior communications coordinator at Audubon Florida, described Wraithmell as a “getter-donner” who remains “cool as a cucumber” even when tension runs high in the Capitol.

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“She’s not a micromanager,” Wilson said. “She gives you the direction you need, and she’s there if you need a course correction, but she really empowers the staff to follow their passions.”

A great blue heron at Jonathan Dickinson State Park, where the state proposed to build golf courses before public outcry scuttled the plan. (Mwanner, CC BY-SA 3.0, via Wikimedia Commons)
A great blue heron at Jonathan Dickinson State Park, where the state proposed to build golf courses before public outcry scuttled the plan. (Mwanner, CC BY-SA 3.0, via Wikimedia Commons)

Her leadership was tested in 2024 and 2025, when proposals surfaced to add golf courses to state parks and to swap protected land at the Guana River Wildlife Management Area for development. Audubon Florida helped generate tens of thousands of public comments and coordinated bipartisan opposition that led to the withdrawal of both proposals. 

Elizabeth Alvi, senior director of policy for Audubon Florida, said Wraithmell’s leadership in these sensitive moments is defined by a refusal to be pulled off course by short-term pressure. She added that Wraithmell is widely respected by lawmakers across the aisle. 

“People know that when she speaks, it is grounded in science and aligned with a clear organizational priority, not opportunistic positioning,” Alvi said. “That discipline earns respect in the Capitol because it’s consistent and thoughtful.” 

Wraithmell often quotes a mentor who told her that advocacy requires “weaving back and forth across the political aisle like sloppy drunks.”

“You might find yourself fighting a legislator over a road project one year, but you have to be ready to partner with that same person on a land conservation bill the next,” Wraithmell said. Holding onto professional grudges, she said, is a luxury the environment cannot afford. 

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That pragmatism shapes her push for stable funding for Florida Forever, the state’s land acquisition program that has preserved more than 1 million acres. While funding has fluctuated in recent years, she said unstable funding could impede critical habitat purchases as development pressures increase.

Heavily oiled brown pelicans waiting to be cleaned following the BP Deepwater Horizon oil spill in 2010. (International Bird Rescue Research Center, CC BY 2.0, via Wikimedia Commons)
Heavily oiled brown pelicans waiting to be cleaned following the BP Deepwater Horizon oil spill in 2010. (International Bird Rescue Research Center, CC BY 2.0, via Wikimedia Commons)

In 2010, Wraithmell led Audubon’s response to the Deepwater Horizon oil spill, advocating for restoration settlement funds to be directed toward coastal bird habitat recovery. Her efforts earned her the Charles H. Callison Award in 2015, the highest honor from the National Audubon Society. 

Wraithmell does not shy away from the topic of climate change.  

“The ocean is coming for us,” Wraithmell said. “Whether you call it climate change, sea-level rise or flooding, we are seeing the impacts on our shorebirds and our coastal communities right now.” 

Under her leadership, Audubon Florida has expanded coastal resilience efforts, including protecting nesting grounds threatened by rising sea levels and promoting nature-based solutions such as wetland restoration and living shorelines. Alvi said many people underestimate how difficult it is to align science, policy timing and organizational reputation simultaneously. 

“The most significant win will likely be institutional strength: a conservation movement in Florida that is more strategic, more science-driven and more disciplined in its public engagement,” Alvi said.  

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When asked to summarize Florida’s environmental story in a single place, Wraithmell pointed to the Everglades. She described it as an ecosystem shaped by historical “screw-ups,” from ditching and draining to the exploitation of birds. 

“It’s a site of people coming together and saying, ‘Whoop, we screwed up. Now what are we going to do about it?’” Wraithmell said. “With billions of dollars in investment, we are seeing results.” 

Despite the rapid pace of development across Florida, Wraithmell remains optimistic about the future, pointing to volunteers, students, and local advocates who make up the Audubon Florida network.  

“Watching kind of the creative magic that they get up to together,” Wraithmell said. “That is what gives me hope for the next decade.” 

The little girl watching from the ground is gone. Now, Julie Wraithmell is the one in the treetop, asking young Floridians to climb with her and protect wild Florida. 

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Issabella M. Gutierrez is a junior majoring in multimedia journalism at Florida Atlantic University. Banner photo: A great egret flies over the Florida Everglades (iStock image).

Sign up for The Invading Sea newsletter by visiting here. To support The Invading Sea, click here to make a donation. If you are interested in submitting an opinion piece to The Invading Sea, email Editor Nathan Crabbe. 



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Florida Democrats flipped two legislative seats in 2026 special election, their best performance in years

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Florida Democrats flipped two legislative seats in 2026 special election, their best performance in years


Florida Democrats had their best election night in years Tuesday, flipping two legislative seats.

Analysts and politicians point to the combination of strong candidates, low turnout special elections, rising gas prices compounding existing affordability issues and the ongoing conflict in Iran, which helped offset the registration and financial advantages of Republicans.  

Also, historically, an unpopular president heading towards the midterm elections is always tricky for the party in power.

These factors may justify some optimism for the minority party in the state heading into the November election cycle, which could see rematches from Tuesday’s contests.

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University of Central Florida political science professor Aubrey Jewett said at the campaign level Florida Democrats did a good job getting solid candidates who didn’t make mistakes and stuck to the message of affordability.

Also, there is the timing, as historically the sitting president’s party more often loses seats in midterm elections at the congressional and state legislative levels. Jewett added that unpopular presidents lose even more seats, noting that since the 2024 presidential election, Democrats have flipped more than two dozen seats in Republican or battleground states.

“President Trump’s unpopularity cast a long, dark shadow over these Republican candidates in these races,” Jewett said. “And so, even if you had decent candidates, it was just too much of an uphill battle because of President Trump’s unpopularity.”

One of those Democrats who won did so in a district that includes Trump’s Mar-a-lago estate 

Democrat Emily Gregory of Jupiter led by 2.38 percentage points with 33,429 ballots cast in the House District 87 contest along the east coast of Palm Beach County. The district includes the home of President Donald Trump.

Gregory is a Treasure Coast native, a military spouse and mother of three with a master’s degree in public health from Columbia University who operates a small fitness business.

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Tampa Democrat Brian Nathan, a U.S. Navy veteran and organizer with the International Brotherhood of Electrical Workers, was up 0.51 percentage points in the state Senate District 14 contest in Hillsborough County, where 80,016 votes were cast.

The results remain unofficial.

Republican Hilary Holley easily won the third legislative special election, House District 51 in Polk County, by more than 8 percentage points.

In the Tampa State Senate race, Jewett said there was evidence that Republicans seemed to be doing well in early voting, noting GOP candidate Josie Tomkow, a former House member, had good name recognition and funding.  

“But it appears that the Democrats that turn out were strongly unified and (no party affiliation voters) must have gone strongly Democratic as well — and it seems likely that at least some Republicans voted Democratic,” Jewett said.

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House Speaker-designate Sam Garrison, R-Fleming Island, who led GOP efforts for the House special elections, issued a statement Tuesday night that Republican Jon Maples ran an “extremely strong campaign” for the Palm Beach County seat, but faced “low Republican turnout due to awkward special election timing,” and also questioned “despicable, dark-money” attacks against the candidate. 

Garrison added, “We will learn from today’s results and see you in November.”

Florida Republican and Democratic party chairs react to the election’s results 

Republican Party of Florida Chairman Evan Power said the party is “proud” of its special election candidates and will continue to “engage, mobilize and lead.”

“Republicans are leading on the issues that matter the most to Floridians — public safety, economic growth, meaningful property tax reform, expanded school choice, and strong environmental stewardship,” Power said in a statement. “Our record isn’t just strong, it is unmatched. With a Republican voter registration advantage of nearly 1.5 million, we are well-positioned and fully energized as we head toward November.”

Florida Democratic Party Chairwoman Nikki Fried hopes the result makes Republican lawmakers pause as they approach Gov. Ron DeSantis’ call for a special session to redraw congressional district lines the week of April 20.

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“Voters are tired of one-party rule and attempts to steal their votes,” Fried said in a conference call Wednesday with reporters. “They are tired of the skyrocketing costs and the chaos in the news this year.”

Fried also said the state party, which still faces a need to cut into the Republican supermajorities in the Legislature in the fall election, has been on the phones with national Democratic groups that have disengaged from Florida politics the past couple of cycles.



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