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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.

Funding Rounds Participated In

Invested in

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

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