Andreessen Horowitz launches $2.2M fund to invest in underserved founders

as a black person in tech. this is the wrong move. what's 2m to a fund like AH. if this program is to work, they need to invest in the community i.e scholarship funds or dinners etc - have people of color like me interact with VC's on the regular. my disdain for VC's as they're more like vultures these days. most people of color suffer from the lack of opportunity - n the lack of opportunity starts at a grassroots level. I have been privileged enough to be able to afford college get a CS degree, work at tech companies. not be arrested etc. but most people with the color of my skin are not. also scholarship funds need to like a machine gun - not based on some artificial merit metric.

AH is clearly doing this as a counter to YC.

On the one hand, it doesn't sound like much, but on the other, 2000-era angel investments were really small - $25k - $50k were typical.

(Woz's seed funding to Google was $100k.)

Also, VCs are really into larger, later-stage investments this decade, usually more than $2 million per startup.

Having said that, $2.2 million is like 8-9 senior engineers in SV for a year, so not much.

The underserved fund for the underserved founder.

"A16z has $12 billion in assets under management across its funds, so a $2.2 million fund is not groundbreaking from a monetary perspective"

The math comes out to 0.018%.

They should invest in establishing local VC firms in underserved communities.