At Disrupt 2022, TechCrunch’s annual tech conference, Andreessen Horowitz’s (a16z) general partner Chris Dixon announced that the venture firm has plans to add an accelerator program for entrepreneurs to its education “Crypto Startup School” initiative.
A16z has become one of the major forces in the web3 space as it continues to invest heavily in emerging crypto projects and startups. The firm made headlines in May for raising a record-breaking $4.5 billion fund amidst a crashed market.
According to TechCrunch’s reports, Dixon announced at his Disrupt session on Tuesday that the firm is doubling down again on its programing for crypto founders.
Dixon also provided details about the future 12-week accelerator program, saying that it will happen in March, in Los Angeles. Dixon also mentioned noticing a “particular excitement” in L.A. surrounding the creator economy and its crossovers with crypto.
Participants of the program -- a group of 30 founders -- will each receive $500 thousands in seed funding from a16z, along with access to mentors and an invitation to participate in a “Demo Day” at the end of the course.
Dixon added that the accelerator program will differ from the current version of “Crypto Startup School” in that a16z will provide capital and take equity. However, Dixon mentioned that there is not currently a “grand master plan” except that the program will remain directly focused on crypto.
Applications for the accelerator are now open.