In 2026, a16z's total political donations to the United States will reach $115.5 million. Surpassing Soros and Musk, becoming the largest single investor in this round of succession cycle in the United States. What did $115.5 million buy? A16z's money flowed in three directions. Firstly, encryption. At the end of 2024, a16z injected over $23 million into Fairshake and its affiliated organizations, with the goal of supporting crypto friendly candidates in the 2026 election. Fairshake has already proven himself in 2024. It spent over 130 million US dollars and successfully influenced the outcomes of multiple key legislative seats. Secondly, AI. In August 2025 and February 2026, a16z will inject $50 million into the AI Industry Action Committee Leading the Future twice to support candidates who oppose AI regulatory legislation. At the same time, a lobbying organization called American Innovators Network was established, which spent over $350000 to block AI security bills in New York State alone. Thirdly, bet on the White House. A16z and its two founders injected $12 million into Trump's super action committee. Marc Andreessen himself spent a lot of time assisting in the transition of the new leadership team at Mar-a-Lago before taking office. Compare: As of mid-2025, Sequoia Capital's federal lobbying spending is $120000, while General Catalyst's is $500000. A16z's lobbying expenditure for the whole year of the same year reached 3.53 million US dollars. Redwood CEO Roelof Botha publicly stated that Redwood will not take sides. There is no other venture capital firm in the entire Silicon Valley industry that is doing something of the same scale. Is this account worth it? Just calculate it and you'll know. A16z's parent company has a total management scale of approximately $90 billion, and just completed a new round of fundraising of $15 billion in January 2026. The total donation amount of 115.5 million is about one thousandth of the total plate, less than one month's management fee income. And what did it buy? The first phase of the cryptocurrency industry fund has achieved a repayment multiple of 5.4 times (i.e. the ratio of the actual distribution received by the LP to the invested capital), and the exit quality is directly affected by the regulatory environment. Fairshake spent 130 million yuan in 2024 to push friendly lawmakers to power, followed by a series of encryption bills being pushed forward. Improve the remaining 999% exit environment with one thousandth of the cost. This is not a donation, this is an investment.