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Andreessen Horowitz's Cultural Leadership Fund Welcomes New Partners For Expansion Of Black Generational Wealth Through Tech

In any sports competition, coaches go into each game with a specific strategy. From determining who will be a part of the starting lineup to tricking plays to throw the opponent off, every game is built with tools to ensure the team’s success. But what happens when the tried-and-true approach to the game no longer works? For the more traditional and antiquated coaches, they will more than likely stick to the routine, hoping everything will work itself out. However, for those who desire to see change on the fields or courts, the coach will implement a new strategy and approach aimed at getting the results they’ve planned for. The same can be paralleled in the world of tech. Although the industry is experiencing challenging times due to the current job climate, the field still suffers from diversity. According to a 2023 McKinsey Institute for Black Economic Mobility report, Black people represent 12% of the United States workforce, while only 8% hold tech jobs. The people at...

May 15, 2023

Nas Invests In $20M Funding Round For African Mobile Games Publisher Carry1st

The African continent is the next stop for Nas’ investment portfolio. Bloomberg reports that the rapper has joined Andreessen Horowitz in a $20 million funding round for Carry1st, an African mobile games publisher. Google, Avenir Growth Capital, Riot Games, Konvoy Ventures, Raine Ventures, and TTV Capital were also investors in the round.  

Jan 19, 2022

21 Savage Invests In's $5M Seed Round To Help Artists Earn Money Through NFTs

21 Savage is now a tech investor. According to TechCrunch, the rapper has invested in the seed round of, a platform that aims to help artists get money through (non-fungible tokes) NFTs. The seed funding round totaled $5 million in capital influx. “ is a new startup looking to help recording artists monetize their community through NFTs, as the startup looks to build out a suite of tools designed to bring musicians into the so-called ‘web3’ fold,” reports the outlet. “The startup released its first product earlier this month, Listening Parties, which enable artists to sell NFTs tagged to the release of new songs.” While he’s on board with the new startup’s mission, 21 Savage investing in a tech business isn’t surprising. In 2018, the rapper said he was through with blowing his money on things like jewelry and cars. Instead, he said, he wanted to invest in things that help his long-term bottom line, including real estate and startups. Just one year later, Rolling...

Will Smith, Kevin Durant, Diddy Enter The Electric Boat Market With Investment In Startup Arc

It’s a business mogul linkup! Will Smith, Kevin Durant and Diddy have joined forces to invest in Arc, an electric boat startup. Arc launched ten months ago and now with the trio of big names tied to it, the early-stage company is hoping to breakthrough the market. The startup is backed by venture capital firm Andreessen Horowitz. Arc also announced that it has garnered funding from Smith’s Dreamers VC, Durant and Rich Kleiman’s Thirty Five Ventures and Diddy’s Combs Enterprises. “Along with being world class in their respective fields, these individuals bring a wealth of experience in building brands, marketing products, and cultivating strong communities. Together, they’ll help Arc execute faster and amplify our impact,” the company wrote in a blog post. The company also said that it envisions a future where all boats are electric (the majority of watercraft run on fossil fuel). With the support of an all-star team, the company seeks to make its mission come to fruition. “All of...

Nov 2, 2021

Crypto Firm Meta4 Announces Plans To Raise $100M With Andreessen Horowitz As Lead Investor

Newly launched cryptocurrency firm Meta4 Fund Management (Meta4) announced a bold fund seeking to invest in the ever-growing cryptocurrency space. The Meta4 NFT Fund aims to collect $100 million through a partnership with Andreessen Horowitz operating as the lead investor. As AfroTech previously told you, n on-fungible tokens (NFTs) are a “one-of-a-kind trading card” useful for establishing ownership of photos, videos and digital files through blockchain technology. “NFTs are more than just pixels. It’s the intersection of culture, technology, and finance. It represents a new way of thinking about the ways in which ‘value’ is accrued, harnessed, and distributed,” said Brandon Buchanan, managing partner of Meta4 Fund Management, according to Reuters. Currently, the amateur fund is hoping to strike it big with highly popular NTFS including CryptoPunk, CryptToadz, BoredApe Yacht Club and Zed Run, Markets Insider reports. The Meta4 Capital fund was an initiative to purchase digital land...

Oct 21, 2021

Andreessen Horowitz Announces Fund to Set Black Entrepreneurs Up for Success

The future of business has been an ongoing conversation across industries for the last few months as we imagine how businesses will operate post-COVID-19. To support those entrepreneurs who may lack access to resources needed to fund their businesses, venture capital firm Andreessen Horowitz has announced a fund dedicated to supporting “entrepreneurs who have the talent, drive, and ideas to build great businesses,” as reported via their website . In tune with the protests and outrage that has stirred in the wake of deadly police brutality in America, Andreessen Horowitz wished to launch an initiative to bring more visibility and resources to Black entrepreneurs who are often glossed over. “It’s hard enough as it is for people who DO have [education, mobility, network, social proof, mentors, and business knowledge] to get funded, so how are those who have the talent — but not the network and the know-how — going to be seen?,” they asked in their statement. “Our firm culture is based...

Jun 3, 2020

Andreessen Horowitz Announces New Fund Focused On Increasing Diversity In Tech

When the Andreessen Horowitz firm launched in 2009, they put a focus on hiring black people and backing black entrepreneurs like Tristan Walker of Walker & Company Brands, Donnel Baird of BlocPower and Chris Bennett of Wonderschool. And although those bets paid off, their newest venture makes sure that diversity in tech is prioritized on a wider scale. The newly created Cultural Leadership Fund has two basic goals: Connect the greatest cultural leaders in the world to the best new tech companies and enable more young African Americans to enter the tech industry. In an announcement on the firm’s website, firm co-founder Ben Horowitz explained that while backing black founders and hiring black people within their own firm was a step in the right direction, it didn’t address diversity widely enough: “Still, we felt that we were leaving opportunity on the table in two important dimensions. First, we had not systematically partnered with the established cultural leaders and second, we...

Aug 22, 2018