a16z: More than half of $4.5 billion crypto fund remains undeployed

According to The Block, a16z co-founder Chris Dixon said in an interview that less than 50% of a16z's latest $4.5 billion encryption fund "Crypto fund 4" has been deployed, and most of the funds are still undeployed. The fund was launched in May of this year, with $1.5 billion for seed investment and $3 billion for venture capital. Dixon also said that a16z's encryption fund still holds 95% of the investment, saying that all data show that the vast majority of returns are is acquired late in the fund, and in venture capital, the worst thing you can do is sell a quality asset prematurely.