Andreessen Horowitz, a Menlo Park, CA-based venture capital firm, has launched the Cultural Leadership Fund.
Limited Partners are exclusively cultural leaders including Sean “Diddy” Combs, Shonda Rhimes, Will and Jada Smith, Quincy Jones, Kevin Durant, Chance the Rapper, Nasir Jones, Charles Phillips, Edith Cooper, John Thompson, Robin Washington, Richelieu Dennis, Shellye Archambeau, etc.
The fund – raised by partner Chris Lyons – aims to:
– Connect the greatest cultural leaders in the world to the best new technology companies, and
– Enable more young African Americans to enter the technology industry.
Lyons will invest it in companies in the Andreessen Horowitz portfolio who are interested in partnering with the cultural leaders who invested in the fund.
Next, all of the fees and carry associated with the fund will be donated to non-profit organizations that enable African Americans to enter the technology industry.
To better understand the origins of the fund, read the post written by
FinSMEs
22/08/2018