Andreessen Horowitz’s recent hire of former Jordan Park Group Chief Investment Officer Michel Del Buono suggests the venture capital firm is getting into startup founder wealth management.
The outfit, more commonly known as a16z, confirmed Del Buono’s hire as CIO to oversee those types of services for founders, as first reported by Bloomberg.
TechCrunch reached out to A16z for comment but had not received a response at the time of writing.
Andreessen Horowitz is not the first to dip its toe in this arena. Both Iconiq Capital and Sequoia Capital offer money management services.
Iconiq is manag
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