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Andreessen Horowitz just dealt a blow to tech's move-to-Miami movement

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Andreessen Horowitz just dealt a blow to tech's move-to-Miami movement


Andreessen Horowitz has reportedly given up on its Miami office after just two years in the space.

The Silicon Valley venture capital firm, also known as a16z, left its Miami Beach office in May because staff “weren’t using it enough,” Bloomberg reported Wednesday, citing people familiar with the matter. The company had signed a five-year lease in 2022 for 8,300 square feet of space in Miami Beach, the news outlet reported.

The move comes after one of Andreessen Horowitz’s cofounders, Ben Horowitz, announced in July 2022 that the firm was switching to a “new operating model” that involved a network of satellite offices, including new locations in Miami Beach, New York City, and Santa Monica.

“The firm is now virtual, but can materialize physically on command,” Horowitz said at the time.

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A year later, the firm’s other cofounder, Marc Andreessen, said that remote work had “detonated” how we connect and that it’s “not a good life” for younger workers, as it robs them of working relationships and opportunities.

Andreessen Horowitz did not immediately respond to Business Insider’s request for comment.

Prominent Silicon Valley figures have touted their interest in heading to Miami during the pandemic. VC Keith Rabois, for one, called San Francisco “so massively improperly run and managed that it’s impossible to stay here” before packing up for Miami during the pandemic in 2020.

While some tech and crypto firms have been making an exodus from California in recent years, citing high taxes and the state’s liberal politics, a16z’s departure is the latest sign of shakiness in the migration from the Valley.

Earlier this year, The Wall Street Journal reported that Rabois was planning on living again in San Francisco for at least part of the year, and was renovating his home in the city. The Journal reported that some other startups located in the area, including some Rabois had backed, had moved away from Miami, in part to better attract tech talent.

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VC investment in Miami also saw a huge decrease in 2023, dropping 70% to $2 billion, according to the Journal. More recently, dealmaking in the Miami-Fort Lauderdale area was $361 million in the second quarter of this year, down from $623.2 million in Q1 of 2024 but comparable to the $377.7 million from Q2 last year, according to PitchBook data.

While some companies who have expanded to Miami or based their operations in the city have since moved elsewhere, the pandemic-era trend of relocating away from San Francisco extended beyond Florida.

Austin has also emerged as another popular destination for firms leaving the Valley. Elon Musk said in July that he’d relocate the headquarters of SpaceX and X, formerly Twitter, from California to Austin after previously moving Tesla’s HQ to the Texas city.





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Miami, FL

Gase Latest Former Dolphins Coach to Join Media

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Gase Latest Former Dolphins Coach to Join Media


A former Miami Dolphins head coach has a new venture.

Adam Gase is joining The 33rd Team, a media and technology company, as a strategic advisor. Gase will be joined in his role by former New England Patriots coaches Bill Belichick and Matt Patricia, along with a host of other retired players, coaches, and executives.

The 33rd Team was founded by former Dolphins senior vice president of football operations Mike Tannenbaum, who also hired Gase to the Dolphins before the 2016 season.

Gase isn’t the first former Dolphins head coach to enter the media business.

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Dave Wannstedt will work with Gase at The 33rd Team and contribute to NBCSports Chicago. Nick Saban recently joined ESPN on College GameDay, and Jimmy Johnson has worked on Fox’s NFL pregame show since 2002.

Although most Dolphins fans probably don’t have many fond memories of Gase’s tenure, it did start well. Miami finished 10-6 in 2016, making the playoffs behind an impressive running game that helped Jay Ajayi produce 1,272 yards and eight touchdowns.

Ironically, Gase’s first season mirrored Mike McDaniel’s in some ways. The Dolphins made the playoffs and lost in the first round while being forced to start a backup quarterback.

For Gase, it was starting Matt Moore instead of the injured Ryan Tannehill against the Pittsburgh Steelers. McDaniel was forced to start Skylar Thompson — the third-string quarterback — against the Buffalo Bills after Tua Tagovailoa and Teddy Bridgewater went down.

Both McDaniel and Gase’s teams lost those games, but one was much closer than the other. Miami lost 30-12 to the Steelers, but McDaniel’s Dolphins lost 34-31 in a closely contested game.

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After the playoff appearance, it was all downhill for Gase. The Dolphins finished 6-10 in 2017 and 7-9 in 2018. Miami was mired by injuries to Tannehill in both seasons. The quarterback missed all of 2017 (forcing the team to sign Jay Cutler) and five games in 2018.

Gase did help produce one major highlight in his final season as Dolphins head coach, designing the play that would deliver the famous “Miami Miracle” against the New England Patriots.

Gase was fired Dec. 31, 2018, one day after Miami lost 42-17 to the Buffalo Bills, as part of sweeping organizational changes. He finished with a 23-25 regular-season record as Miami’s head coach.

Current general manager Chris Grier took over football operations, and Tannenbaum was “reassigned” but quickly left the team to join ESPN and start The 33rd Team.



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Another proposed site for Miami-Dade trash incinerator part of land swap deal

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Another proposed site for Miami-Dade trash incinerator part of land swap deal


A development firm is proposing a 65-acre site for Miami-Dade County’s new trash incinerator as part of a land swap deal.

For decades, the incinerator in Doral burned half of Miami-Dade’s trash. But after a February 2023 fire, it’s been shut down, and the county has been under pressure to choose a new location to build a replacement.

“While we are working on reducing the amount of waste and coming up with alternatives. we are also looking at the possibility of a rebuild of a waste-to-energy site,” County Mayor Daniella Levine Cava said.

Commissioners were already presented with a study that analyzed three possible sites: Doral, where the incinerator was located; a site near Medley; or Opa-Locka West, which is just south of Miramar and where city officials have expressed strong opposition.

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Now, there is a fourth proposal.

“We are absolutely considering environmental issues as well as individuals no matter what county they live in,” Levine Cava said.

Terra development firm is pitching the site off Okeechobee Road by Northwest 137th Avenue, nearly two miles away from the closest neighborhood in Miramar, in exchange for developing county-owned land along Northwest 58th Street between 87th and 97th avenues.

“We need to find a site… and we have found two sites already now that are far away from residents,” said Miami-Dade Commissioner Juan Carlos Bermudez. “We put it away from residents so the smell wouldn’t be an inconvenience.”

The mayor of Miramar says it is much more than an inconvenience and that the location is just not suitable 

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“Both sites present the same environmental profile, that is why it will meet the resistance not only from the city of Miramar, but from environmental organizations such as the Tropical Audubon Society and the Everglades Coalition,” said Mayor Wayne Messam.

He promises to bring his arguments before the Miami-Dade Commission during the Sept. 17 meeting when the matter will be on the agenda. Miramar also has a legal team looking at the possibilities of lawsuits giants Miami-Dade County.



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Proposal for Miami-Dade County public buses raises concerns among riders

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Proposal for Miami-Dade County public buses raises concerns among riders


MIAMI – If budgets reflect values, people pushing for better transit think Metrobus riders should shift their focus to a series of meetings starting Thursday.

Miami-Dade County Commissioners will host a public hearing on the budget proposal for the 2024-25 fiscal year submitted by Mayor Daniella Levine Cava. 

Part of the plan moves $11.2 million away from the transit operations and maintenance budget. Nearly $11 million of those dollars, along with 36 jobs, would be absorbed by the county infrastructure department.

Mayor Levine Cava’s office did respond to emails or calls seeking comment. However, the mayor’s budget proposal said reorganizing bolsters “preventative maintenance functions.”

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“What we’re concerned about with the budget is that we need more resources to address those concerns that the community has addressed to us directly,” Mark Merwitzer, Associate Director for Transit Alliance Miami, said.

The non-profit works to secure faster, more reliable transit. Over the last six months, as the county rolled out its “Better Bus Network,” which aims to deliver more routes to more people, Transit Alliance Miami surveyed 1000 passengers. On-time delivery is a problem for them, Merwitzer said.

“It’s not just with this administration, but it’s been suffering for very, very long for our bus passengers,” Merwitzer said. “Buses getting delayed equipment challenges; a lot of operators are calling out sick and also just in general when there’s a shortage of both buses, parts, and operators (demonstrates that) the county needs more.”

Ashley Betancourt lost her car in a crash two months ago. While she works downtown to earn and save money for repairs, the Miami-Dade College biology student dreaming of becoming a doctor depends on Metrobuses to carry her to class on time. She is 30 minutes too late too often, Betancourt said.

“It’s awful,” she said. “Sometimes my mom comes and picks me up. The other times I have to wait.”

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Merwitzer encouraged riders who feel the same to share their concern during the Miami-Dade County Commission Public Budget Hearing Thursday.

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