Reported about 11 hours ago
Andreessen Horowitz has decided to pause its Talent x Opportunity (TxO) fund, which was aimed at supporting founders from underrepresented communities. The fund, launched in 2020 to provide access to venture resources for women and minorities, has now ceased operations as the firm reevaluates its strategy. Staff layoffs accompanied the announcement, prompting discussions about the future of diversity initiatives in technology funding.
Source: YAHOO