Andreessen Horowitz Ditches Miami Two Years After Opening Office

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 ...