Andreessen Horowitz partner Kofi Ampadu has left the venture firm months after it paused Talent x Opportunity (TxO), the fund and operating program he led, TechCrunch reports. TxO was launched in 2020 amid a wave of corporate commitments to diversity, equity, and inclusion after the murder of George Floyd. The initiative was designed to expand access to capital, networks, and mentorship for founders who fall outside traditional venture pipelines. The Talent X Opportunity Fund In a farewell note announcing his departure, Ampadu framed TxO as a response to the venture
Andreessen Horowitz (a16z), one of Silicon Valley’s most influential venture capital firms, has paused its Talent x Opportunity (TxO) fund which was created to support founders from underserved backgrounds. The move, first reported by TechCrunch, includes layoffs of several staff members from the TxO team. On October 16, participants received an email from Kofi Ampadu, the a16z partner who led TxO, announcing the pause: “While [TxO’s] purpose has not changed, we are pausing our existing program to refine how we deliver on it.” The Talent x Opportunity Fund a16z launched
