{
  "crd_number": 160489,
  "slug": "andreessen-horowitz-menlo-park-ca-160489",
  "primary_business_name": "ANDREESSEN HOROWITZ",
  "legal_name": "A16Z CAPITAL MANAGEMENT, L.L.C.",
  "dbas": [],
  "city": "Menlo Park",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "41860",
  "metro": {
    "cbsa_code": "41860",
    "common_name": "San Francisco",
    "msa_name": "San Francisco-Oakland-Fremont, CA",
    "path": "/advisors/ca/san-francisco"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2019-04-11",
  "years_registered": 7,
  "period": "2026-10-01",
  "filing_date": "2026-03-30",
  "carried_forward": false,
  "raum_total": 106476153956.0,
  "raum_discretionary": 106476153956.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 738,
  "advisory_employees": 88,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 106476153956.0,
      "count": 119
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA"
  ],
  "websites": [
    "https://a16z.com",
    "https://a16z.news",
    "https://a16zcrypto.com",
    "https://a16zcrypto.substack.com",
    "https://anyproblemisnoproblem.com",
    "https://facebook.com/a16zclf",
    "https://facebook.com/andreessenhorowitz",
    "https://future.com",
    "https://instagram.com/a16z",
    "https://instagram.com/a16zclf",
    "https://instagram.com/a16zcollege",
    "https://instagram.com/a16zcrypto",
    "https://instagram.com/a16zpodcast",
    "https://instagram.com/a16ztxo",
    "https://instagram.com/anyproblemisnoproblem",
    "https://instagram.com/speedrun",
    "https://instagram.com/voicesonchain",
    "https://linkedin.com/company/439909/admin/feed/posts",
    "https://linkedin.com/showcase/a16z-bio-health",
    "https://linkedin.com/showcase/a16z-txo",
    "https://linkedin.com/showcase/a16zcrypto",
    "https://linkedin.com/showcase/a16zgames",
    "https://linkedin.com/showcase/a16zspeedrun",
    "https://linkedin.com/showcase/college-talent-program",
    "https://readwriteown.com",
    "https://speedrun.substack.com",
    "https://threads.net/@a16z",
    "https://twitter.com/a16z",
    "https://twitter.com/a16zBioHealth",
    "https://twitter.com/a16zGames",
    "https://twitter.com/a16zclf",
    "https://twitter.com/a16zcrypto",
    "https://twitter.com/a16ztxo",
    "https://twitter.com/speedrun",
    "https://warpcast.com/a16zcrypto",
    "https://x.com/anyprobisnoprob",
    "https://youtube.com/@AP_NP",
    "https://youtube.com/@BenAndMarcClips",
    "https://youtube.com/@ECON102Podcast",
    "https://youtube.com/@LivePlayerswithSamoBurja",
    "https://youtube.com/@a16z",
    "https://youtube.com/@a16zDeepDives",
    "https://youtube.com/@a16zbiohealth",
    "https://youtube.com/@a16zcrypto",
    "https://youtube.com/@a16zspeedrun"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/160489",
  "city_as_filed": "MENLO PARK",
  "url": "https://advisorcensus.com/firm/andreessen-horowitz-menlo-park-ca-160489",
  "display_name": "Andreessen Horowitz",
  "summary": "Andreessen Horowitz is an SEC-registered investment advisory firm in Menlo Park, CA, registered since 2019, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.",
  "citation": "AdvisorCensus. Andreessen Horowitz (CRD 160489): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Andreessen Horowitz compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Andreessen Horowitz reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is Andreessen Horowitz located?",
      "a": "Andreessen Horowitz's principal office is in Menlo Park, CA, according to its Form ADV; the April 2026 filing also lists 4 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Andreessen Horowitz registered with the SEC or a state?",
      "a": "Andreessen Horowitz is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 160489."
    },
    {
      "q": "How much does Andreessen Horowitz manage?",
      "a": "Andreessen Horowitz reports $106,476,153,956 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary)."
    },
    {
      "q": "How have Andreessen Horowitz's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Andreessen Horowitz: Regulatory assets under management: $35,849,981,940 in the October 2021 data and $106,476,153,956 in the October 2026 data, up 197%. Total employees: 197 in October 2021 and 738 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Andreessen Horowitz serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (119)."
    },
    {
      "q": "Does Andreessen Horowitz report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/160489"
    },
    {
      "q": "Does Andreessen Horowitz state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 30, 2026 says: \"The Adviser does not currently have a minimum size for a Fund.\""
    },
    {
      "q": "What changed in Andreessen Horowitz's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $74,739,846,610 to $106,476,153,956 (+42%). Employees performing advisory functions went from 99 to 88."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 35849981940.0,
      "total_employees": 197,
      "filing_date": "2021-03-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 54610411467.0,
      "total_employees": 311,
      "filing_date": "2022-05-06"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 53226221969.0,
      "total_employees": 488,
      "filing_date": "2023-05-01"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 56035682377.0,
      "total_employees": 535,
      "filing_date": "2024-03-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 74739846610.0,
      "total_employees": 605,
      "filing_date": "2025-03-30"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 106476153956.0,
      "total_employees": 738,
      "filing_date": "2026-03-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $74,739,846,610 to $106,476,153,956 (+42%).",
        "Employees performing advisory functions went from 99 to 88."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Changed its legal name from AH Capital Management, L.L.C. to A16Z Capital Management, L.L.C.."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 30, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "The Adviser does not currently have a minimum size for a Fund."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 0.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "The Adviser does not currently have a minimum size for a Fund."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/andreessen-horowitz-menlo-park-ca-160489.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 119,
      "fewer_than_5": false,
      "raum": 106476153956.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/160489",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}