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by rattray 2640 days ago
What is an RIA?

I know what these things are: hedge fund, private equity, wealth management, venture capital.

Which is A16Z now closest to? Or is there a class of financial firm I'm not aware of?

Edit: I'm also curious, does this place any material restrictions on their startup investment activity?

1 comments

Registered Investment Advisor. Legal entity that allows you to manage other people's money.

VCs, hedge funds and wealth management tend to be RIAs. Private Equity I'm unsure. Wealth managers are all either RIAs, brokers, or banks.

The article is unclear. A16Z are forgoing a certain exception that VCs have, I'm not sure what their legal structure was beforehand.

You can look up all RIAs on the SEC website https://adviserinfo.sec.gov/