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.
Read the stories.
Florida
Florida-Tulane free livestream: How to watch Gasparilla Bowl, TV, schedule
The Florida Gators play against the Tulane Green Wave in the Union Home Mortgage Gasparilla Bowl. The matchup will begin at 2:30 p.m. CT on ESPN 2. Fans can watch this game for free online by using the free trials offered by DirecTV Stream and Fubo TV. Alternatively, Sling offers a first-month discount to new users.
The Gators enter this matchup with a 7-5 record, and they have played well recently. The team has won three consecutive games, including two victories against ranked opponents.
In their most recent game, the Gators defeated Florida State 31-11. During the victory, Florida accrued 368 total yards. The team rushed for 235 yards and averaged more than six yards per carry.
The Florida defense also played well against Florida State, forcing five turnovers.
The Green Wave enter this matchup with a 9-4 record, but they have lost back-to-back games. In their most recent game, the Green Wave lost 35-14 against Army.
During the loss, Tulane struggled defensively. The team allowed 335 rushing yards and conceded nearly six yards per carry.
Fans can watch this game for free online by using the free trials offered by DirecTV Stream and Fubo TV. Alternatively, Sling offers a first-month discount to new users.
Florida
How to Watch: Louisville Cardinals at Florida State Seminoles
LOUISVILLE, Ky. – A week removed from falling to Kentucky in the Battle of the Bluegrass, the Louisville men’s basketball program is back in action, traveling to Florida State for their first road game in ACC play.
While the Cardinals might have lost to their most hated rival in their last time out, they certainly gave the Wildcats a run for their money. Despite having only eight healthy scholarship players, Louisville kept within striking distance of Kentucky for the majority of the game before ultimately falling 93-85 in Rupp Arena.
As for the Seminoles, year 23 under head coach Leonard Hamilton is off to a solid start. While FSU is currently six games over .500 and heading into their matchup with Louisville on a two-game win streak, they’re 0-3 against teams ranked in KenPom’s top-100, including an 84-74 overtime loss at NC State.
This will be the 54th all-time meeting between Louisville and Florida State, with the Cardinals owning a 35-18 advantage. UofL won 101-92 back on Feb. 3, 2024 in the last matchup, snapping a seven-game losing streak to the Seminoles.
(Photo of Terrence Edwards Jr.: Jordan Prather – Imagn Images)
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Florida
More South Florida school zones will be getting speed cameras – how it's been going
If you don’t look carefully, you could easily miss the cameras set up outside schools. They, however, are watching you, and if you’re going at least 10 miles over the speed limit, you will receive a $100 surprise in the mail.
“If you don’t want to get one of those violations just stay within the speed limit, very simple,” said Village of Pinecrest Police Chief Jason Cohen.
Pinecrest and South Miami were the first cities in South Florida to take advantage of a new state law allowing automated cameras to catch speeders in school zones. Since their systems went online in October, they’ve sent out about 7,400 citations in South Miami and about 5,800 in Pinecrest.
“It’s too early to say from the data on the overall impact it’s going to have around the schools, but we believe it’s going to change peoples’ driving patterns, that they’re going to be cognizant that they’re near a school and they’re going to automatically slow down, that’s the goal,” Cohen said.
Diane Gilmore has been a security monitor for decades at Palmetto Senior High School. She said she sees speeders fly past the school all the time as students are trying to cross the street, and she’s glad the cameras have been installed.
“I think they did a good idea because a lot of times, they be going across the street, these cars don’t respect us at all, they come fast and I say it ain’t careful, somebody gonna end up getting killed,” Gilmore said.
Students spilling out of school seem to appreciate the cameras.
“I think it’s good, ‘cause it controls the drivers so the drivers don’t speed and especially in a school zone,” said Nicholas Henriquez, a senior at Palmetto who drives to school.
Not everyone agrees. Christian Gutierrez picks up a student regularly and he’s not impressed with the cameras’ impact.
“Even speedbumps, I feel like, stops speeding,” Gutierrez said. “More than the cameras, yeah, for sure.”
The school zone cameras operate only on school days, starting a half hour before school starts and ending a half hour after school ends, no matter what the speed limit is during those hours. The police departments make $39 for each citation issued.
“But I think it’s important to highlight that the funds coming in have to be used for public safety,” Chief Cohen said. “Anything that can help make our city safer, especially around the children and the schools, we looked at it as a win.”
Soon, police departments in Miami Gardens, West Miami, Davie and Plantation will be starting up their own school zone camera systems. Miami-Dade Police have also installed cameras outside eleven schools with many more to follow. Cohen predicts almost all South Florida police departments will join the trend.
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