Venture capital funding

A big problem at 2019's Milken Conference: There's too much cash

One big takeaway from this year's Milken conference: attendees were obsessing about the outsized cash environment.

Why it matters: Too much cash is never a bad thing, but it's disrupting norms.

Scoop: Andreessen Horowitz closes on two new funds

In this image, Andreessen Horowitz sits in a chair and speaks.
Andreessen Horowitz co-founder Ben Horowitz speaks onstage at TechCrunch Disrupt SF 2018 in San Francisco. Photo: Steve Jennings/Getty Images for TechCrunch

Andreessen Horowitz has closed on two new funds, Axios has learned.

The big picture: Last year we previewed the venture giant's new capital strategy, which was moving away from the multi-stage, multi-sector flagship vehicles for which it was known.