Odaily Planet Daily News: People familiar with the matter revealed that as the cryptocurrency market slumped, Andreessen Horowitz (a16z) withdrew from the Miami area in May because employees did not use the office frequently enough. A representative for Andreessen Horowitz confirmed that the company no longer has an office in Miami, but declined to comment further. The withdrawal highlights the potential weakness of Miami's staying power after attracting a large number of financial and technology companies in recent years. Shortly after Andreessen Horowitz announced the opening of the office, Miami's cryptocurrency dream began to shatter with the collapse of Sam Bankman-Fried's FTX. Since 2022, venture capital funds flowing into Miami have shown a downward trend. According to PitchBook data, Miami companies raised $400 million in the second quarter, compared with $5.5 billion in all of 2022. (Bloomberg)