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The company was founded and commanded by general partner Chris Dixon, the venture company’s crypto arm generated an enormous $4.5 billion fund in May for its fourth devoted sector fund to carry on supporting startups only as the crypto downfall just initiated.
Currently, it is repeating on its programming for such founders. Dixon, an initial Coinbase supporter who has been investing at a 16z fromm 2012, unveiled onstage at Disrupt 2022 in San Fransisco on October 18 in an interview with TechCrunch’s Lucas Matney.
Dixon publicized a 16z’s planning to grow its educational “Crypto Startup School” step to add a fresh accelerator program for buisnessmen.
The first inaugural accelerator program will happen personally in March in Los Angeles, Dixon said, including that he has observed specific enthusiasm in the city around the creator economy and its potential intersections with crypto.
Members of the 12-week program will receive $500,000 individually in seed funding and approach to mentors and experts along with the chance to take part in a Demo Day at the end of the course, as per the website.
Applications for the accelerator are now started and the first cohort will contain almost 30 founders taking part, in line with the spokesperson of 16z.
“This thing will be non-identical than the last thing in that we will also give capital and take equity, identical to an accelerator and Startup School united,” Dixon revealed of the new program, comparing it with the existing version of “Crypto Startup School.”
“Crypto Startup School” was introduced in 2020. It was a seven-week programme focused on educating people on the topic to build a crypto firm. The personal cohost contained 40 founders who took part, adding those behind firms like Phantom and Notional Finance, and generated a cumulative $330 million+ in venture funding, as per 16z.
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