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.
Roblox provides an online entertainment platform that allows users to build and play games and share them with others.
Carta (formerly eShares) is a San Francisco-based cap table management platform that offers 409A valuations and products for investors and public companies.
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.
Plaid is a company providing businesses with tools and access to develop a digital financial system.
Yubico is a Palo Alto, California-based secure authentication and enterprise security company founded in 2007 by Stina Ehrensvärd and Jakob Ehrensvärd.
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.
Rasa is a company that offers a conversational AI platform for customized conversations at scale.
A healthcare technology company offering a medical professional hiring platform for hospitals.
Tmunity Therapeutics is a biotechnology company developing t-cell immunotherapies for the treatment of human diseases.
A company that has designed a marketplace for transactions related to camping and outdoor activities. It was founded in 2013
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