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Photo Illustration: Eniola Odetunde/Axios. Photos: Kimberly White (Stringer), Brad Barket (Stringer)/Getty Images

One of Silicon Valley's most formidable venture capital firms is doubling down on content, putting some tech media outlets on edge.

Why it matters: Andreessen Horowitz isn't interested in traditional journalism, but, in an era where content and reach is power, it wants to exert more influence over how people think about tech and business issues.

Catch up quick: Andreessen Horowitz (a16z for short) isn't new to content. Some of its partners are veteran bloggers and authors. For years, it's hosted podcasts and produced live events. And its investments have included Facebook, Reddit, Pinterest and Substack.

  • The firm also has employed a former Wired editor for the past six years, and has become an omnipresent force on new social chat app Clubhouse (in which it's the largest outside investor).

Driving the news: A16z, a multi-billion dollar firm that invests across industries, announced in January that it's building a new and separate media property. "We want to be the go-to place for understanding and building the future, for anyone who is building, making, or curious about tech," it said in a blog post.

  • Some tech journalists were immediately skeptical, particularly as a16z has gone from being the Valley's most press-friendly VC shop to becoming much more circumspect.
  • It also came against a backdrop of several tech execs publicly pushing back against mainstream media publications, believing they've become interchangeable groupthink that focuses primarily on negative narratives.
  • Some of those tech executives feel it's best to ignore interview requests, and instead share thoughts directly via personal or company media channels.
  • In short: Andreessen Horowitz has been accused of seeking to disintermediate the press, either as punishment for unflattering coverage or as an effort to shape future coverage.

A source familiar with Andreessen Horowitz's thinking says the aim of its content effort is to supplement rather than supplant — to elevate innovation and leave the exposés to others.

The big picture: Venture capital firms have long used content marketing as a tool to accrue talent and entice entrepreneurs. It's not uncommon to hear founders reference a16z blogs or research in pitch meetings. The main difference here is that a16z is making content more central to its strategy.

Go deeper: Media's deepening trust crisis

Go deeper

Facebook tries to end its love-hate affair with politics

Illustration: Sarah Grillo/Axios

Facebook's new moves to dial back the volume of political content in users' news feeds represent the latest lurch in the social network's erratic handling of its role as the world's digital public square.

Driving the news: Facebook, having captured a vast chunk of the digital ad business and trained users to view its stream of posts as a one-stop shop for all their informational needs, now says it plans to limit its distribution of posts about politics and broaden its situational bans on political ads.

59 mins ago - Health

Fauci: Children "very likely" to get COVID vaccine at start of 2022

NIAID Director Anthony Fauci. Photo: Win McNamee/Getty Images)

Children under age 12 will "very likely" be able to get vaccinated for coronavirus at the "earliest the end of the year, and very likely the first quarter of 2022," NIAID Director Anthony Fauci told "Meet the Press" Sunday.

Why it matters: Children generally aren't at risk of serious coronavirus infections, but vaccinating them will be key to protecting the adults around them and, eventually, reaching herd immunity, writes Axios' Caitlin Owens.

Virginia lawmakers vote to legalize marijuana in 2024

Virginia Gov. Ralph Northam. Photo: Alex Edelman/Getty Images

Lawmakers in Virginia on Saturday approved compromise legislation that would legalize marijuana in 2024, putting the state a step closer to becoming the first in the South to end prohibition on the drug, the Richmond Times-Dispatch reports.

Why it matters: The legislation will make Virginia the 16th state to legalize marijuana, per Politico. It would add to a slate of laws that have seen Virginia move in a more progressive direction during the tenure of Gov. Ralph Northam.