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