For a16z, the closure deals a blow to plans it outlined in 2022 to ditch a central HQ for “global outposts” in cities including NYC and Santa Monica. Pitched as an antidote to the remote working arrangements that became commonplace during the pandemic (which a16z co-founders Ben Horowitz and Marc Andreessen once derided as “not a good life“), the outposts were meant to “build relationships” amid founders and help “develop [a16z’s]” culture.

Evidently, things didn’t go quite as planned in Miami.