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A16Z pauses its famed TxO Fund for underserved founders, lays off staff (techcrunch.com)
4 points by mikhael 5 days ago | hide | past | favorite | 1 comment




I did not find this article informative. Did TxO not bring in the amount of rewards to justify the risk and expense? Is A16Z only going to back traditional, albeit hard-working, white, upper-crust startups with Stanford, MIT and Berkeley grads at the helm? Are there not many people with good ideas in traditionally under served populations? This article left me wondering. I suppose that's the nature of unbiased, factual reporting - you only get the verifiable, boots on the ground information.



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