Andrew Chen, head of a16z’s $600 million Game Fund One, stirred up the community with his announceme
Andrew Chen, head of a16z’s $600 million Game Fund One, stirred up the community with his announcement on the X platformSkip to content
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Home > News
Published: 02/04/2024
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Author: Kane
a16z Injects $30 Million into Gaming-Related Startups
Andreessen Horowitz (a16z), a leading venture capital firm in the technology and cryptocurrency space, has tapped into the significant potential of the gaming market by deciding to invest $30 million in startups related to this sector.
Azcnews Breaking
In the latest development of the relentless technology race, venture capital giant Andreessen Horowitz (a16z) has just announced a bold plan – to invest $30 million in breakthrough gaming startups within the next 45 days.
Andrew Chen, head of a16z’s $600 million Game Fund One, stirred up the community with his announcement on the X platform (formerly Twitter):
I will invest $30 million in the best startups through a16z’s Speedrun program in the next 45 days. Each qualified project will receive $750,000 from us.
But that’s not all! Chen further promises that the fund will accompany the projects, providing guidance, connections with top investors, and world-class advisors – an enticing proposition for any startup seeking support from the “big players.”
This fast-track investment program, Speedrun, will last for 12 weeks with extremely stringent selection criteria – only 1% of filtered projects will receive “substantial” investment. The deadline for submissions is May 19, 2024.
This is not the first time a16z has shown special interest in the gaming technology sector. Chen’s $600 million investment fund includes projects ranging from AI, virtual reality (VR), augmented reality (AR) to web3 blockchain games. Moreover, Games Fund One also brings together founders from giants like Roblox, Discord, Riot Games, and Sky Mavis.
This move by a16z once again reaffirms their pioneering position in leading the wave of technological innovation. By pouring $30 million into new gaming super-projects, this “giant” is opening the door for bold, ambitious startups to create unprecedented gaming experiences in the future.
Related: Gamety Revolutionizes Blockchain Gaming with Runes
Introducing Andreessen Horowitz (a16z)
Interface A16z
Interface A16z
Andreessen Horowitz (a16z) is a venture capital firm based in Silicon Valley, California, USA. Founded in 2009 by Marc Andreessen and Ben Horowitz, the firm invests in technology startups at every stage of development, including the crypto space. They focus on supporting founders, innovators, and entrepreneurs in building the future through technology.
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#a16z
5.0/5
(9 votes)
Avatar of
Anonymous
02/04/2024 at 5:43 am
Good
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Avatar of Muhammad Bukar
Muhammad Bukar
02/04/2024 at 9:10 am
May Almighty Allah
Be among who have this payment
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Avatar of SalemUngwa
SalemUngwa
02/04/2024 at 10:16 am
This is good
Buy he didn’t mention the projects
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