a16z Pauses Its TxO Fund for Underrepresented Founders

[madtrader]

Venture capital firm Andreessen Horowitz (a16z) is pausing its Talent x Opportunity (TxO) program, which supported founders from underrepresented communities.
Launched in 2020, TxO provided $175,000 investments and mentorship to over 60 startups before its pause in late October 2025.

[alex10]

Disappointing but not surprising — VC diversity often fades when capital costs rise.

[Nahid Hossen]

Underrepresented founders lose more than funding — they lose mentorship pipelines too.