Illinois Governor Pritzker just signed the most punitive digital asset tax in the country into law. This will create an unprecedented tax regime that disproportionately burdens Illinois residents for simply using digital assets and will drive innovation and builders out of the state. Read CCI’s opposition letter for more.

Folks, I am closing the books on—gasp—15 years at Andreessen Horowitz. I am still in awe of what we’ve built and do not take for granted these past 15 years, which have felt like 15 minutes in some respects. When the inimitable @wennmachers invited me onboard (I think I was employee number 20-something and thought we were already a sizable firm!), it was to build the brand of a16z and to raise the profile of one @bhorowitz. (Fun fact: One of my first announcements was how the firm had raised a combined $2.7B in our first three years, and one of my last was the $15B we’d closed in January, with now over $100B under management across multiple funds.) While Ben has been a key throughline in my journey, along the way I also had the tremendous privilege and responsibility of leading marketing—first, for our enterprise investing team and portfolio, and later, for our growth fund and portfolio. Both of my boys, now 11 and 7, also came into the world during this time, so a16z is interwoven into the fabric of our lives. I remain beyond proud of the work that we, the marketing team, did over the years, so much of it unsung and behind the scenes. Maybe this time around, I should write the book and Ben, as he once jokingly told me, would do the marketing for it. To know that the brand of a16z is now part of my legacy is remarkable. What makes a place is the people and I take with me some of my deepest friendships. You know who you are and I cannot imagine these past many years without you. ❤️ And to Margit, who made this journey possible, so much love and respect for you. 🙏 As for what’s ahead, I’m fully embracing what I believe to be the true ethos of the firm, which is to expect the unexpected. After a tenure like mine, I really have to close this door before I can even think about opening another, so the only plan I have is to take a well-earned break this summer with my family. 🙌 In the words of my own TeamG, more TK!

I’m DYINGGGGG 😭😭 Just watch OG’s face. Dude is on another PLANET rn 😂

The prediction-market bar tab has hit DC: Tallboy in Shaw says that if the US wins against Paraguay by three or more goals tonight, it'll cover everyone's tab via Kalshi instagram.com/reels/DZfMyHns…

At today's CCI and @SoFi Senate briefing, we discussed the cost of regulatory ambiguity for digital assets and how the Clarity Act would provide certainty for businesses and real protections for consumers. The EU, Singapore, UAE, and other jurisdictions already set their rules ahead of the U.S. The numbers don’t lie. 88% of centralized exchange volume and 81% of crypto developers are outside the U.S. This is why the Clarity Act is needed—the time is now. Thank you to members Matt Cameron (SoFi), @robinrcook (@coinbase), @Collin_McCune (@a16z), & moderator CCI's Freddy Barnes.