The a16z Cultural Leadership Fund

The a16z Cultural Leadership Fund

The a16z Cultural Leadership Fund connects cultural leaders with emerging technology companies with the stated goal of enabling more African Americans to enter the technology industry.

About

The a16z Cultural Leadership Fund (CLF) is a partnership between Andreessen Horowitz and cultural leaders to advance more African Americans into technology. Such cultural leaders include Sean 'Diddy' Combs, Will and Jada Smith, Shonda Rimes, Chance the Rapper, Shellye Archambeau, and more. Industries in which the funds are to be used included gaming, health technology, financial technology, analytics, artificial intelligence, and more. The goals of the CLF are twofold:

1) Connect cultural leaders to the best new technology companies.

2) Enable more young African Americans to enter the technology industry.

The fund was raised by Chris Lyons and had a value of more than $16.5 million. Funds will be used for Andreessen Horowitz portfolio companies that are interested in partnering with the aforementioned cultural leaders who invested in the fund.Furthermore, fees and carried interest associated with the fund will be donated to non-profit organizations that have a focus on fostering diversity in the field of technology. Non-profits that have received donations include those teaching people of color how to code and another that trains Black, Latinx, and Native American leaders to enter the technology industry.

Timeline

August 22, 2018
Andreessen Horowitz Cultural Leadership Fund announced.

Funded Companies

Company
Description
Industry
Website
Location
Golden

Golden is a company started in San Francisco, USA. The company is building an encyclopedia and knowledge tool. The founder and CEO of Golden is Jude Gomila.

Carta (formerly eShares) is a San Francisco based cap table management platform that offers 409A valuations, products for investors and public companies.

A company offering an email client designed to be the fastest email experience. The company was founded by Conrad Irwin, Rahul Vohra, and Vivek Sodera in 2015 and is headquartered in San Francisco, California.

A company offering an analytics platform for business, data science, and data engineering. It was founded in 2013 and is located in San Francisco, California.

Mercury is a company making banking products for startups based in San Francisco and backed by a16z.

Astranis is a satellite communications company building small telecommunication satellites founded in 2015 by John Gedmark.

Yubico is a Palo Alto, California-based secure authentication and enterprise security company founded in 2007 by Stina Ehrensvärd and Jakob Ehrensvärd.

Roblox provides an online entertainment platform that allows users to build and play games and share them with others.

Lime is a mobile platform that allows users to unlock its fleet of shared bikes and scooters.

Fivetran is a California based data software company that helps analysts use cloud data warehouses to store and access their data.

Propel builds software dedicated to helping low-income Americans improve their financial health with technology.

A healthcare technology company offering a medical professional hiring platform for hospitals.

Compound is a company with an open-source protocol for algorithmic Money Markets on the Ethereum blockchain.It designs apps that allows for users of cryptocurrencies to monetize and borrow tokens.

Tmunity Therapeutics is a biotechnology company developing t-cell immunotherapies for the treatment of human diseases.

A mining company that utilizes Big data, statistical modeling, and ore-deposit science to research natural resources exploration. It was founded in 2018 and is located in Berkeley, California.

A company that has designed a marketplace for transactions related to camping and outdoor activities. It was founded in 2013

An educational technology company with a platform where people can start infant and toddler programs and preschools out of their homes.

Tally Technologies is a San Francisco-based financial services company.

An online retail company specializing in selling hair salon products. It was founded in 2013 and is located in Oakland, California.

A company that uses virtual reality for entertainment purposes. It was founded in 2016 and is located in San Francisco, California.

68 Results
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People

Name
Role
LinkedIn

Christopher Lyons

Further reading

Title
Author
Link
Type
Date

A VC Fund Backed By Kevin Durant And Diddy Will Donate Its Profits To 11 Charities Improving Diversity In Tech

Biz Carson

Web

October 11, 2019

From OKC to the Bay: How KD is building a Silicon Valley empire

Darren Rovell

Web

May 22, 2018

How this VC is helping black cultural power brokers like Shonda Rhimes and Chance the Rapper invest in tech

J.J. McCorvey

Web

May 22, 2019

Inside Serena Williams' Plan To Ace Venture Investing

Kurt Badenhausen

Web

June 3, 2019

Introducing the Cultural Leadership Fund - Andreessen Horowitz

Web

August 22, 2018

Kevin Durant Invests In Autonomous Drone Startup Skydio

Logan Bradley

Web

October 20, 2017

Kevin Durant, Will Smith Top the Lineup for a New Venture-Capital Fund for Black Investors

Yoree Koh

Web

August 13, 2018

Larry Fitzgerald On Investing In A Bank For Startups And How Technology Has Changed The NFL

Simon Ogus

Web

October 3, 2019

Overtime Banks $23 Million From Spark Capital, MSG Networks, Carmelo Anthony and Others

Todd Spangler, Todd Spangler

Web

February 14, 2019

Sandbox VR raises millions more in celebrity party round

Lucas Matney

Web

October 22, 2019

Six big things: Kevin Durant, Will Smith link with a16z

Kevin Dowd

Web

August 16, 2018

Welcoming Jay-Z and Will Smith to the Hipcamp Community

Alyssa Ravasio

Web

August 13, 2019

Why Terry Crews Prefers Caffeine To Twitch | Screen Rant

Leo Faierman

Web

February 9, 2019

Documentaries, videos and podcasts

Title
Date
Link

a16z Podcast: The Power of Restorative Justice | a16z Podcast

June 3, 2019

Companies

Company
CEO
Location
Products/Services

References

Golden logo
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