The largest player in the crypto venture world is back on the fundraising circuit. The blockchain arm of Andreessen Horowitz, also known as a16z crypto, is currently raising its fifth fund, according to multiple sources, who spoke with Fortune on the condition of anonymity to discuss confidential business operations. The firm is targeting around $2 billion, said one of the sources, and plans to close the raise by the end of the first half of 2026.
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The researchers employ confidential transaction-level data from a major US wine importer covering October 2018 through March 2022. These data include detailed purchase invoices from foreign suppliers and sales invoices to US distributors. The authors supplement this with Connecticut state price-posting data for distributor-to-retailer transactions and retail price data from e-commerce platform Wine-Searcher. They compare price changes for tariffed wines (still wines at or below 14 percent ABV) with price changes for a control group consisting of sparkling wines and still wines exceeding 14 percent ABV from producers selling only nontariffed products.