The VC Firm Behind Hot Startups Like Airbnb, Lyft, And Twitter, Is Raising $1.5 Billion For Its 4th Fund
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A16Z is the venture capital firm with investments in hot companies like Airbnb, Pinterest, GitHub, Twitter, Foursquare, Lyft, and Fab.
It's expected that the new fund would have about $1 billion for the general fund, and $500 million for a "parallel" fund. The fund, Fortune's sources say, is already oversubscribed.
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Back in 2012, A16Z raised a $1.5 billion fund, which included a $900 million fund for early-stage investments, and a $600 million "parallel" fund for bigger opportunities. The new fund is expected to similar in structure to the one from 2012.
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