Silicon Valley-based VC firm Andreessen Horowitz will invest another $30 million into gaming startups at the cross-section of Web3, AI, virtual reality and augmented reality.
$750,000 will be handed out to a maximum of 40 companies, however, a16z’s early-accelerator only accepts around 1% of applicants.
Venture capital firm Andreessen Horowitz has announced it will be investing $30 million in technology-centric gaming startups, including Web3 games. “We are investing at the intersection of TECH x GAMES, which means AI/infra, 3D tools, VR/AR, web3 games, gamified consumer apps, and much more,”“SPEEDRUN” program, Chen said in an April 1 X post, with $750,000 handed out to each startup that joins the program.The program consists of a 12-week program, with participants supported with capital, as well as industry coaches, mentors, and a"community of ambitious founders,” said Chen.
Competition into a16z’s SPEEDRUN program is fierce though, with only 1% of applicants admitted into the last cohort. However, Chen said 80% of companies from SPEEDRUN’s first cohort secured funding from investors following Demo Day.Applications must be submitted by May 19, with the 12-week course running between July 29 and Oct. 20, 2024, in Los Angeles, California.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Marc Andreessen’s VC Was Reportedly Behind Kickstarter’s Disastrous Pivot to CryptoThe crowdfunding site's extremely unpopular attempt to get in on 'web3' was secretly funded by $100 million from Andreessen Horowitz.
Read more »
Marc Andreessen, Galaxy Digital, Accolade, back new $75 million crypto fund: ReportThe $75 million fund was announced during an uptick of institutional interest in crypto investments.
Read more »
Saudi Arabia reportedly in talks with VC firms like Andreessen Horowitz to create mammoth $40 billion AI fundSaudi Arabia's PIF has been on a buying spree as it seeks to diversify the kingdom's revenues away from oil.
Read more »
Hubble telescope spots spider galaxy 30M light-years from EarthMarch 22 (UPI) &8212; NASA said Friday the Hubble Space Telescope has spotted a spider galaxy, an irregular galaxy, about 30 million light-years from Earth. NASA said the relatively faint galaxy, which had not been observed before, has a distinct and descriptive name: the Spider Galaxy.
Read more »
Reps. Lee, Swalwell celebrate $30m in federal funds for multimodal projectU.S. Reps. Barbara Lee, D-Oakland, and Eric Swalwell, D-Castro Valley, celebrated on Friday after receiving $30 million in federal funding from the U.S. Department of Transportation to install about 10 miles of street improvements along the project corridor, which will span from Lake Merritt to Bayfair.
Read more »
Silicon Valley’s new AI generates election-meddling worries“It’s a thousand times difference between where we were in the last election and where we are today in terms of raw ability to do this,” said AI consultant Reuven Cohen. “Th…
Read more »